Houston Credit Repair Experts at Impeccable Credit Services explain why broken leases are a crucial part of your credit in the blog below. For more tips make sure to check out our instagram.
What If I Broke My Lease?
Many people are in the same boat when it comes to making ends meet right now. We are in the financial state of a recession. Everyone is making the same amount of money that. they made pre-covid, (maybe even less with layoffs and cut backs) but prices are going up. The cost of living is higher than ever. A common issue among renters is broken leases. If you can prevent a broken lease great. Put in your 60 day notice and make sure to pay out any additional fees. If you are unable to do so, not a major problem.
Can It Be Fixed?
Before breaking a lease make sure you have a place to live that is secured before it hits your credit. A rental home, apartment, or purchasing a home is an option if you qualify. A broken lease does report to your credit as a collection in most cases. It will go against your points, but it can be fixed. With the right help, professionals such as a credit repair company can assist you without having to pay the broken lease.
Houston Credit Repair
A broken lease is not hard, but time consuming to remove. It can take up to 12 months. Impeccable Credit Services can help in a fraction of the time of the natural process. If you have a broken lease on your credit you will be denied for residence with a complex, or purchase in most cases. It can remain on the credit for 7-10 years from date of last activity. If you have a broke lease or moght have to break your lease there is hope. Contact the credit repair experts at Impeccable for assistance in the matter 713-378-1500.