2007-01-22 13:09:57 · 5 answers · asked by jerod2406 1 in Business & Finance ➔ Renting & Real Estate
my debt was first reported on 5/1/01. should i just wait the next year out or just pay the $2300? cause i'm trying to rent several places and the want like $4500 just to get into a freaking apartment
2007-01-22 13:27:21 · update #1
5-7 yrs
2007-01-22 13:13:12 · answer #1 · answered by Betsy B 3 · 0⤊ 0⤋
Assuming that you failed to pay and that the landlord has a judgment against you then I expect it will be 7 years. Note that if the debt is sold the new buyer can put a new entry into the credit report so starting another period. I forget the exact details of how this works and if the time limit is 7 years from the initial event of 7 years from when a debt holder chooses to report. I suspect it really is only 7 years in total.
All of that said here is a possible solution that will speed things up and make most people happy.
1. Contact the person who you owe the debt to.
2. Offer to come to an agreement where you pay a discounted amount. The idea to them is they get something rather than nothing. You do not have to pay as you can wait them out. Or you can pay something and they get cash now.
3. Agree on an amount but only pay it to them on the condition that they remove the item from your record. Note they can not remove court actions. They can remove items that they have reported to the credit bureau. The item can be removed completely or they can agree to have it marked as paid in full and as requested. I would want it off rather than just showing up as a positive account.
2007-01-24 05:46:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋
7 years. However, I'm not exactly sure what you mean by "unpaid rent." If you were evicted, and the landlord served a summons and complaint for unlawful detainer on you and received a judgment against you, then you don't just have a negative report of "unpaid rent" but you have a judgment on your record and that's what prospective landlords do not want to see. Not so good credit will get you a larger deposit; but a judgment may just get you denied all together.
2007-01-22 13:31:11 · answer #3 · answered by Katrina W 2 · 0⤊ 0⤋
7 long years. my husband and i have the same problem but he has 2 evictions equalling 4000 and we cant get into any apartments. look for places that dont have credit checks like rental properties that are owned by people, not real estate or apartments. if they dont do a credit check just dont tell someone about it
2007-01-22 14:05:20 · answer #4 · answered by punkins_wife121705 2 · 0⤊ 0⤋
7 years but leasers don't really care about that anymore...they will usually charge you a large security deposit .
Good luck and you're not the only one that has had this problem before!
2007-01-22 13:21:16 · answer #5 · answered by Mee-OW =^..^= 7 · 0⤊ 0⤋