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Once the delinquent amount goes into collection, this will stay on your credit report for seven years from the date of last activity (meaning the date at which you made your last rent payment).
But if they decide to take legal action against you, the judgment can:
1) accrue interest at the rate of 10% per year.
2) stay on your credit report for 10 years, at which time it could be legally renewed and stay on your credit report for another 10 years.
If at all possible, you should attempt to settle this debt for less than the full balance by negotiating with the creditor. Depending on the amount, they may or may not decide that it's worth their time and effort to file a lawsuit against you. IF they do, don't ignore the suit. Get a lawyer. They may be able to settle or even successfully fight the judgment.
This site has some really helpful information about credit issues: www.creditscorehero.com
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Can you rent an apartment after you buy a car Because they pull your credit when you buy a car will that affect the ability to be qualified to rent an apartment?
Should be no problem as long as they believe you can afford to pay for the apartment.
My lanlord let me break my lease because someone tried to break in while i was home can i get my deposit back?
YES, as long as the house or apartment is left in the same condition as it was when you moved in.
Can an apartment manager deny an application of one of two prospective tenants who intend to share an apartment?
If Jack and Jill wish to rent an apartment, the manager has the right to deny Jack's application and to only accept Jill's. Then the manager can, at his discretion, rent the apartment only to Jill. So, only Jill's name shall appear on the lease. However, Jill can then bring in Jack as a roomate and the manager can do nothing about it. Jack can live there with Jill as long as they please (legally). However, the manager shall never be obligated to add Jack's name to the lease (under current law).
How long do you have to cancel a Lease Agreement that hasn't gone into effect?
Read the lease. It may not be possible.
Apartments for rent in Florida?
form_title= Apartments for Rent form_header= Find the apartment that best fits you. What amenities are important to you?*= _ [50] Do you want a furnished apartment?*= () Yes () No Would you like a year long lease?*= () Yes () No
When a child turns 18 do they have to be put on the rental or lease agreement?
If the lease restricts who can live in the apartment, as long as your son is listed as an occupant on the lease, he or she can continue to live in the apartment (unless the lease specifically states otherwise). If the lease does not have a restriction on occupants, your son can continue living in the apartment as well.
CanI refuse to relocate if my apartment is being renovated?
As long as another apartment is being offered to you, you must move. If you do not have a singed lease, they can always make you move.
Is it legal to put a stacked washer and dryer in an apartment?
It is legal to put a washer and dryer stacked in an apartment, as long as the manufacturer intended them to be stacked and he apartment's lease policies allow you to do so. In most apartments that are furnished, they use this method to conserve space. So legally yes, they can be but ultimately it is up to the specifications in the apartment's lease agreement.
How long does an apartment complex have to notify you of damages after your lease ends in NC. I was just notified for the first time of charges from 9 months ago?
Check the terms of the lease.
If one person decides to rent a 2 bedroom apartment for a year and is not working but is in school can they still live there as long as they have somebody paying for it?
The rental company will require you and the person who is paying your rent to sign the lease. You both will be responsible for the apartment for the duration of the lease.
How long should a cosigner stay on the lease if they cosign for an apartment?
I cosigned for my daughter five years ago on and apartment. Mu daughter is self employed. Her boyfriend has now moved in and wants to take responsibility for the rent. Land lord will not take me off the lease. What can I do?
Are there apartments in fort lauderdale for rent on a long term lease?
Fort Lauderdale has many apartments available but whether they are occupied or available varies. Your best option is to contact the landlord and see if an apartment is available, and how long their lease is (generally a lease runs a year at a time).
How long does a broken apartment lease stay on your credit?
There would only be an entry on the CR if the landlord won a creditor judgment by means of a civil lawsuit against the renter. Evictions and defaulted lease/rental agreements are not placed on CR. There are several agencies which gather information about such issues however, and supply the information to landlords, rental agencies etc. when inquiries are made.
Can you rent an apartment after you buy a car Because they pull your credit when you buy a car will that affect the ability to be qualified to rent an apartment?
Should be no problem as long as they believe you can afford to pay for the apartment.
When I rent a house, do I have the same tenant protections as if I rented an apartment?
As long as you sign a lease you are protected as a tennant. There will be some differences in your resposibilites as a house renter versus apartments.
Can someone with a low credit score lease an apartment?
Yes as long as their income and deposit meet the landlord's requirements. Remember, every landlord is different so it depends.
You signed a lease with an apartment that states no pets you now notice many tenants have birds as pets your 11 month child may be ill because of this Can you break and get your deposit back?
no you might not be able to break the lease because i tried to do that once when i had problems with my apartment and if you do you have to pay the rent for the months you made the lease for its expensive trust me i had to pay a 4 month lease witch was $3200.00 !!!!!!!!! so im sorry to say this but if u want to pay $3200.00 go ahead i would recommend u to just stay there for as long as u did ur lease for? sorry about that
