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If you sign an apartment lease as a cosigner and you will not be living at the apartment will this show up on your credit report?
Wiki User
∙ 12y ago
So long as your apartment is paid and current, such leases will not appear on your credit report. However, should you or the person you are guaranteeing become delinquent, there are several ways in which this information can appear on the credit report. In some states, landlords work directly with collection agencies, in which case it would show up a a delinquency and tarnish your score. In other situations, your name may be mention as a party to an eviction or legal proceeding, something which may show up in other searches that accompany credit reports, such as eviction history, or certain criminal background checks. The best suggestion is if you don't have to guarantee or cosign, don't do it unless you can afford to pay for that person should they become delinquent on their obligations.
Wiki User
∙ 12y ago
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If you share an apartment with a roommate and both are on the lease and your roommate bounces a check but pays within the week will it affect your score?
Depends on if your apartment community reported to the credit bureau's as being a late payment. Most of the apartments where I have lived, didnt report it when I was a month late. Apartments usually get you if your late constantly or evicted from the apartment. You could ask your landlord if they reported it as being late.
If you apply for an apartment will your credit be a factor?
To have your credit rating affected by any creditor, they must report monthly to the credit agency. Landlords seldom, if ever, report regularly. They might check your credit before you move in, but usually, the only time you are affected by a rental agreement, is if you default on the rent, AND you get sued for it, AND the landlord gets a judgment against you AND he registers the judgment with the credit reporting bureau. Then, you have an ugly black mark on your credit score. In order to bypass the legal process and go directly to screwing up your credit, the landlord must be a member of a credit reporting agency, and must report to them about you and all his other tenants monthly. Then, if you are in default, it would show the month following the default, or the second month following. Usually, you get one month grace. But if you are 2 months in arrears, and the landlord is sophisticated enough to be reporting monthly, you would have been kicked out already!
How can you rent an apartment if you broke a lease in the past?
If it is on your credit report, most large apartment communities will not allow you to rent without paying off this balance. My suggestion to you would be to go on craigslist.com, or look in the pennysaver magazine, or newspaper and find a smaller owner looking to rent out their place. They are more often likely to believe a sob story and rent to you anyway.
If you paid your rent late two years ago and the landlord filed a judgment against you how can you have it removed from your credit report if you're still in the apartment and the rent is current?
Once the judgment has been entered into the public records portion of a credit report it will remain for the required amount of time generally 7 years. If the judgment is renewed it can remain indefinitely. Negative information placed on a CR cannot be expunged until the required time limit has expired.
How can you report if there is three people living in a one bedroom?
You can call children services in your area to report three people living in a one bedroom house (if children are involved). You can also report the people to their landlord.
If you get a cosigner when purchasing a car will it show up in your credit report or the cosigner's credit report?
It will appear on the CR of both parties.
If you have a cosigner on your apartment lease will your credit be affected as much as it would if you did not have a cosigner?
Renting an apartment or home will not show up on your credit. That just builds up rental history for yourself. The only time a renter will ever report you to a credit agency is if you move out with a balance that was not paid within 14 to 30 days of your move out.
Will a cosigner's credit history appear on your credit report?
No
If you made a couple of late payments on your apartment will this affect your cosigner's credit rating?
Yes, If the co-signer gets "dinged" on the credit report just like they where the signer
Can you remove a repossession off your credit report if your cosigner has a judgment on the repossession?
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
When you cosign for a vehicle will it be on your credit report and therefore effect the cosigner when they attempt to make a major purchase in the future?
Yes, all action on the part of the primary borrower will be reflected on the cosigner's credit report.
Can a credit provider report a guarantor to credit reporting agencies based on the defaults committed by the principal?
If you're talking about a cosigner, then yes. The cosigner's credit gets dinged also. Be careful about who you cosign for.
Who do you contact for a cosigner information to show up on their credit report?
You don't have to contact anyone. The lender will report information on the primary borrower, cosigner, joint owner, guarantor, and other relationships.
If you were to cosign for a rental agreement how will your credit be affected and how does one get removed as cosigner?
The way it may impact on the credit report depends on if the person pays the rent as agreed. It will also play a part in the cosigner's DTI. Usually the only way of being removed as a cosigner is if the agreement is reaffirmed by the primary holder and the lender. In the instance of rental agreements, a cosigner can sometimes be relieved of obligation if there is a breach of contract. For example, if the person moves someone not on the original rental contract into the apartment.
If you rent an apartment at 17 in Florida and break the lease agreement can it be placed on your credit report and how long does it stay on report?
A seventeen year old would not be allowed to rent an apt. even with a cosigner. If they did so by claiming to be of legal age, it would be considered a fraudulent act and the debt could be deemed valid. The possiblity of a bad credit report is not relevant.
Will balances still appear on your credit report after taking out a loan for your sister and letting her use your credit cards if she can't get credit on her own and you have to co-sign?
Yes, as a cosigner you will be responsible for the debt, so it will reflect on your credit report.
Does the primary borrower receive any benefit to their credit rating when there is a cosigner on the loan?
This debt will appear on your credit report as a joint debt. It will bare just as much weight on your credit report as if it were in your name alone.
