Cancelling Your Contract

[mtrizzle06]

Does it ruin your credit?

 

[feelthefire]

Does it ruin your credit?

Only if you refuse to pay the termination fee and get passed on to collections. If you pay up, you're free and clear. Even if you didn't, it wouldn't RUIN your credit, just ding it a little.

 

[dagomike]

In this area, the only thing that hurts your credit is unpaid balances 30+ days over due. As long as you don't have an outstanding balance, nothing adverse shows up on your credit.