contract lease

contract lease

Does a lease contract count as debt?

Is a lease contract debt? We take a look at how a lease contract will effect your credit report...
does a lease contract count as debt?
Getting a new car is always exciting stuff. And, getting a car for simply the price of depreciation is even more exciting. However, there are some things that you really do have to consider before you lease a car. And, yes, they’re pretty boring. A lease is a finance agreement. And, like every finance agreement, this shows up on your credit report. Like every finance agreement, this can have a positive and possibly negative, effect on your credit score. But, is a lease contract debt? In this article, we look at whether a lease contract counts as debt, and what this means for you.
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