answersLogoWhite

0

As long as you pay any early termination fees tied to your lease, and pay off your remaining payments, it will not affect your credit. However, like with any contract that involves money, if you 'run away' from the lease, it can be turned over to collection agencies, which could then harm your credit. Hope that helps!

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

What happens when you can no longer no way pay your FL car lease?

Turn it in. It will go on your credit report as a defult.


What is the earliest possible time that I can turn in a lease without incurring any penalties?

The earliest possible time to turn in a lease without penalties is typically at the end of the lease term specified in the agreement.


If you have a lease and can't pay any more and you are late a couple of months on top of that what will happen if you turn the car in?

Read your lease. it should addrewss what will happen if you turn it in before the lease is up. Likely you WILL have to pay.


How long does using a credit consolidation company negatively effect your credit history or rating?

Many lenders look at credit counseling as a bankruptcy. If you have debt that is managed and paid by a CCC and the agreed upon repayment schedule is being met then it should not effect your credit score. However, if you plan to buy a house, most mortgage lenders will turn down borrowers in credit counseling.


Does a lease turn to month-to-month rent when lease expires?

Yes, typically. Check the details in your lease. Some leases specify that the lease renews automatically unless landlord is given 30-day written notice of intent to quit.


Can you buy a car and turn around and lease it?

you can for a private seller but if you buy multiple car's and lease them it would be illegal unless you have a dealer license.


Who are the founding mothers and fathers of early childhood education?

Even though there are many people that had a hand in the early foundings of early childhood education, John Dewey and Maria Montessori have the credit for being the "founders". Lots of ideas and views of other people helped turn early childhood into what it is today.


When does the landlord have to turn on the air conditioning?

Never, unless it is expressly written in your lease agreement.


What is your credit score when you turn 18?

620


When you attack Sonic Jammer and flip it face up on your turn does its effect continue through to the next turn even if it is your opponents turn?

yes it would, because when the opponent attacked, it was his turn and the effect carries on until the end of the next turn which would then be your turn. For e.g, if your opponent activated the effect then the effect would end at the end of your end phase. If you activated the effect, then it would end at the end of your opponents end phase.


What happens if you do not turn a lease car in on time at the end of lease?

You are probably likely to incur fees and charges (which depend on the terms and conditions of the legally binding contract) - and possible even prosecution.


If yourFather dies and the car loan is in his name can the family turn the car over to the bank and will they be held liable for the remaining balance and will it effect their credit rating?

If your father dies you can turn the car over to the bank without recourse to any other family member.