Comments | timrehix: I hate money.

timrehix

I hate money.

Nov 11, 2009 11:30

I wrote a review on my old apartments and posted it on http://www.apartmentratings.com. From what I read it appears that my situation is very common to the people moving out from there.

When I decided to move out it was less than 60 days till my lease was up. So to give my 60 days I ( Read more... )

Comments 5

jadewik November 11 2009, 23:57:15 UTC

Any apartment will hit you with fees and things when you move out. It's best to go in their office and ask them EXACTLY what they expect when you move out. Most of the time, they provide that information with the original lease when you move in-- legally, they have to provide it then ( ... )

xail November 12 2009, 06:48:59 UTC

Most of that is strictly intimidation. They don't have the time or money to actually sue you. What would happen worst case scenario is they'd sell the debt to a credit collection agency to recoup their losses - then the credit company would hound you for the original amount - unless you were willing to settle. As long as they make profit on it, they don't care, even if the amount you pay is half or even lower of what the original amount was - it depends on how much the bond was sold for.

xail November 12 2009, 06:49:53 UTC

Reason they won't sue: it would cost them more money to sue you in lawyer fees than they'd make off of you.

rubyredrose November 13 2009, 18:58:36 UTC

I have no experience with apartments personally, but your story sounds pretty standard to me. Unfortunately.

I'm too late to contribute much, but ditto on the I don't think they'll sue you, just throw the dept to a collection agency. The big thing here is that they are going to try to screw up your credit. So ask about payment plans for the "debt" you owe, and make sure you get everything in writing. As long as you are paying SOMETHING on it, I'm pretty sure they can't send it to a collection agency.

therabitt November 15 2009, 00:19:28 UTC

If you're on a working payment plan and stay current, they can still make note of it on your credit report, but it will be noted that you are making payment. Its sort of a wash as far as hurting your credit, because it drops right off as soon as you finish the plan. Some creditors won't send that update to the reporting agencies on their own, so make sure you get your receipts from them and send copies yourself to the agencies to be sure it does drop off. Don't trust them to do it.