Posts Tagged ‘ lease ’

Broken lease appears on tenant screening report

Dear Experian, My daughter’s report is showing she had a broken lease in November 2013. However, she just moved out in July. How can she correct this? - SHL

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Cosigining for an apartment lease could hurt your credit

Dear Experian, I would like to better understand how co-signing for apartment leases affects credit. - IAB

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Voluntary repossession would have seriously damaged credit scores

Dear Experian, I am trying to trade-in my car; however, I am upside down on my current car loan. If I trade it, my payments will be really high. The salesperson is trying to convince me to do a voluntary repossession on my current vehicle. She said that it would not be a big hit on my credit and my new car payment will then be lower. I told her that was something that I really had to think about and research. I don't know much about what she was talking about, and I did not want to make an impulse decision. - NTN

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Credit report may be hurt by joint lease, utilities with roommates

Dear Experian, My daughter is in the process of looking for a new apartment and obtained a copy of her credit report. She found her credit is "fair." She also found her roommate's name, Social Security number, rental history and other information listed on the report. This was quite shocking to my daughter. She is very upset. They each signed a year's lease which expired a few months, ago. They are now on a month-to-month basis. She knows her roommate is frequently delinquent on her bills. In particular, she knows this is true in regard to their monthly rent. My daughter pays her portion on time. Why is my daughter's roommate listed on my daughter's credit report? What part of the roommate's financial life, if any, comes into play on my daughter's credit score? How long will the roommate's financial history and habits reflect on my daughter's report? How can my daughter become a single entity as far as her credit is concerned? - RBH

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Violating rental agreement could ruin your credit

Dear Experian, Could a violation of a rental agreement ruin my credit even though I don’t owe any rent? - MST

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