Will my credit score drop for breaking lease?
Yes. If you move out of a
Yes. If you move out of a rental apartment before the lease expires, then you're technically breaking the lease. This can drop your credit score especially when you don't pay off the remaining balance when you move out. If you really have to move out before the lease expires, work with the lender amicably. This may help you to protect your credit score.
Yes, it will be reported and
Yes, it will be reported and this can affect your score negatively. It is better to pay the balance and move forward.
Submitted by Sanders Patricia on Fri, 06/07/2019 - 04:43
Ofcourse it'll effect your
Ofcourse it'll effect your credit score.
Breaking a lease agreement and paying off the money will affect your score negatively. Talk to the other party and settle any unpaid balance before closing the lease agreement.
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