You could lose and have a judgment against you. Your wages could be garnished until the judgment is paid. It could affect your credit, employment, ability to borrow money, buy a car or house, and so on. It could ruin your life.

How long does apartment debt stay on credit?

seven years
Landlords generally don’t report unpaid rent to credit bureaus. However, once your account goes to collections, the collection agency will likely report it. Collection accounts stay on your credit report for seven years and can significantly hurt your credit score.

Can you remove a broken lease from your credit?

You need to send a dispute to the collection agency and the credit bureaus explaining why you do not owe the debt, and attaching copies of any proof you have that the apartment was released right away, and that the neighbors were violent…

What happens if you owe money on an apartment?

Now, anytime I try to get an apartment no one will lease to me because the money owed to the old apartments shows on my credit since my name was never taken off the previous lease. I have been renting privately since then but would like to be able to get a place with my name.

Is there an apartment that will work with a property debt?

While you may just owe an apartment, most properties consider property debts to be similar to a broken lease. There are apartments that will work with property debts, but they vary on the amount owed, so you would need to find out the amount by checking your credit.

Can you be sued if you owe rent on an apartment?

Unfortunately, since you did sign a lease and did not break it, it sounds like you are legally responsible for that debt. The collection account may remain on your credit report for up to 7.5 years from when those rent payments became past due. Even more importantly, it’s possible you could be sued for that debt.

What happens if you don’t pay rent on an apartment?

I moved out and regrettably did not have my name taken off the lease. The other roommate moved out 2 months later without paying the rent. Now, anytime I try to get an apartment no one will lease to me because the money owed to the old apartments shows on my credit since my name was never taken off the previous lease.