if you sign a 1 year lease and are evicted from your apartment for not fulfilling the obligations of the contract, how badly will it effect your credit score? if you have a good credit score would it most likely go down to fair or will it go to poor?
Real Estate Attorney
Not being privy to the formula used to calculate credit scores, since they are kept completely secret by the credit companies, it is impossible to tell what effect your breaking a lease has on your credit score.
The general public is not privy to that information. You do not even know if your landlord has reported this to the Credit Companies. IF the Landlord has a judgment against you that is unsatisfied, that can and will effect your credit score.
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