Can I really hurt my credit?

Question

I moved in to an apartment and signed a 1 yr contract, and now I want to move out but there is still abt 8 months left on the contract. If I just leave and notify the management that I left can it really hurt my credit? The place turned out to be in a bad unsafe location and too expensive for what it offers. I have paid all my bills on time so far but much longer of this and I wont be able to even buy groceries. So can I just leave and it not affect my credit too much?

Answer 1

Absolutely you can leave. In fact, you have a legal precedent for leaving.....your safety. If a person feels unsafe in an apartment then by law they must have the opportunity to leave said premises. Look in the government/help pages for your city and find Landlord/Tenant and call them. Just try and give them 30 days notice and site unsafe environment for your reasoning....that you've been harrassed and even followed and found people hanging around your door. Are there camera's in your hallway, outside of the building? Are there security systems...if there are not these are all things you can use against them. And by the way, NO, your credit won't be damaged a wit because if you put forth a legal precedent they won't go after you because they know you're smart enough to sue them back. Besides, when people are under 28 or so they think things like this will hurt them just because a management company or landlord said so....rarely true. Email me wi/any other questions. Be strong, be smart... good luck.

Answer 2

They probably dont report to the credit bureaus but if they file it in court and get a judgement then it may affect your credit. The major credit bureau's usually have someone that goes to the courts and gets copies of the judgements and then they are recorded on the credit files. You might want to talk to the management and see if they will let you out of your lease.

Answer 3

If you signed a legally bind-ed contract, you are obligated to honer it. If it says 12 mo. that's what you will be paying whether you live there or not, unless you can prove in court that the apartment wasn't as advertised. You will need that contract in court because, most likely that's where this is going

Answer 4

If you choose not to pay the reletting fee then yes, it can hurt your credit. Many apartment complexes will charge you for the remainder of your lease meaning 8 months times your rent plus other fees. If you moved out early the best bet for keeping your credit clean is to pay the reletting fees. I know this because I had a 2 bedroom apartment with a roommate and she left me to pay it by myself and it was too much for me. Thanks to her I now have a $3,000 lease on my credit. It hurts.

Answer 5

i'm not a hundred% particular...yet i think of this would harm your credit. I have been given into distinctive credit card debt some years in the past. i grew to become right into a pupil and working a non-paying internship, so i had no funds to pay off the failings i grew to become into figuring out to purchase on credit. I sent in money previous due each and all of the time. after i ultimately have been given a job (and a sprint help from my mothers and dads on the time), i began out paying each and every thing off. First with the min. money..and then further and further. ultimately i grew to become into sending in the completed quantities. It took a while, yet I paid off everyhting and raised my credit back up. I truthfully have a buddy who had debt and went to a CCC previously I even knew him. To on the instant, his credit continues to be worse then mine. by ability of going to a CCC, i think of it makes lenders think of which you do not comprehend the thank you to deal with your funds and you will possibly be a greater threat for an prolonged time. in case you have get right of entry to to a financial planner, attempt soliciting for a expert opinion. additionally, perhaps inspect doing a stability pass to get your interest value down. some businesses have as low as 3% or perhaps 0% on transfers. only observe of the effective print. specially circumstances the charges are in basic terms solid for a jiffy. additionally, once you pass a stability, they regularly value you a proportion quantity on what you're shifting over. some businesses have a cap on what they are going to value; others do not. as an occasion, in case you pass $8000 and the corporation costs a million% on the quantity, you're able to have $eighty further on your credit card. some businesses cap at $50. So whether you're shifting $8000, you do not ought to pay that greater $30. a lot of people do not comprehend they have this further value, and shop shifting balances whilst the promotional time runs out. properly they shop including further and further debt with out even noticing it. it would desire to not appear like a logical situation to do- including greater debt than you quite ought to. even though it could artwork out better in the long-term because of the decrease interest value. you should play around with the numbers and see what's the appropriate situation so you might do. appropriate of success

Answer 6

There are certain situations that would allow you to break your lease. However, if you just left your landlord could sue you in small claims court for whatever is left of the contract.

Answer 7

Don't do it if you leave that's breaking a lease and that's called eviction and that's very very bad for your credit. You probabally will not be able to get another place. And it will follow you around the rest of your life.

Answer 8

Only if you are reported. When I first rented out my first home, my tenant left before she fulfilled the lease agreement. I never reported her so her credit wasn't affected.

Answer 9

It'll hurt your rent history. So if you want to rent another place, it will be on that record, but as far as credit history for loans and credit cards, no it should not hurt your credit.

Answer 10

I don't think it will affect your credit, but you will have to pay to get out of the contract. Either that, or you won't get your deposit back.