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LaToya Irby

Protect Your Credit When You Have a Roommate

By November 6, 2013

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Renting with a roommate has lots of benefits. You have someone to share the bills and the household chores and someone to keep you company. When you're going out of town for a few days, you don't have to hire a housesitter, petsitter, or plantsitter. If you lose your keys or get locked out, a roommate can keep you from having to call the landlord and paying a lock-out fee.

Unfortunately, roommate situations can end in disaster. You may have a roommate who doesn't pay their share of the rent or bills. Unfortunately, your roommate's financial recklessness can wreak havoc on your credit, especially if the lease or utilities are in your name.

Don't let a shared lease or utilities ruin your credit. Stay on top of the bills to be sure your credit doesn't suffer even if your living arrangement falls apart. Read: Don't Let a Roommate Ruin Your Credit.

Have a roommate horror story? Share it on About Young Adults Worst Roommate page.

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