New answers tagged michigan
3
united-states
Quite possibly, yes. Depending on the terms of the lease you signed, you could be liable for the rent for the remainder of your lease term. If you stop paying the rent, your landlord can report this debt to credit bureaus as a delinquent debt (i.e., money that is owed but has not been paid on time.) Such debts do indeed stay on your credit ...
4
Breaking a lease doesn't directly affect your credit status. It can result in a bad recommendation from the landlord, in case a potential new landlord contacts your former landlord. The connection to credit ratings is that breaking a lease might leave you with an unpaid debt. If you just walk away from the lease and end up owing $4K unpaid rent, the landlord ...
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