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It should not have any effect, since you honored the agreement and paid up. You might want to keep the letter or receipt for the payment for your records, though.

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16y ago
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Q: How does buying out a rental agreement affect your credit?
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Will stopping payment on crashed rental car affect credit?

Credit? No. But if you crashed the rental car, then stopped payment on it you could be arrested and/or sued. ** sure it would- the company can send you to collections and that would be on your report- affecting your credit.


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An eviction lawsuit is public record and a judgment evicting you from a rental property will be a negative entry on your credit report.


How long do you have to change the terms of your rental agreement?

You cannot change the terms of your rental agreement except permitted by law or by the binding contract regarding the terms or conditions governing the rental agreement.


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You would normally create a new rental agreement with the landlord.


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Usually rental agreement has a cancellation clause that sets the term under which the rental agreement can be cancelled. It is common for them to require 30 days notice before vacating.


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