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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
