Do broken lease get reported to credit agencies?

Question

If i broke a house lease (owner uses real estate agency), will that be reported to credit agencies and show up on my credit report?

Answer 1

This depends on if you owed the lease company money and if they sent you to a collection agency. If they sent you to a collection agency or sued you for money they felt you owed, then yes, it could affect your credit. However, most agencies don't bother because they don't care. If you really want to know, pull your credit reports at www.freecreditreport.com.

Hope this helps.

Answer 2

It depends. Do you owe any money to the landlord? If you owe money for clean up or damages to the home or if your lease states that you have to pay rent until the end of the lease or the home is rented out again, you could indeed have the amounts reported to a credit reporting agency. My husband lived with a girlfriend years before we met. They had a lease in both names on an apartment. They split up and both moved out before the lease was completed and the apartment complex did not rent out the apartment for months afterward. Because of the terms of the lease, they were liable for the rent until the lease was up. They both had $4000.00 plus collection fees placed on their credit reports. When we went to buy a house, we ended up having to pay off the full amount to get a mortgage. The credit agencies wouldn't remove the debt from my husbands credit report even when we offered to pay half and leave the ex's half on record. They both signed the lease and couldn't have the debt removed until the full amount had been paid.

Answer 3

If you left owing money and the agency took you to small claims court and won the case, they can report it to your credit report. Most of them do that now because they so many people run out on leases. They figure if they can't get money, it will hurt your credit.

Answer 4

It's up to the owner of the property.