If you’re shopping for the latest furniture, electronics, and appliances, you might be wondering whether a rent to own agreement at Aaron’s could affect your credit score. We’re here to address a few of the most common questions regarding Aaron’s and credit.
Does Aaron’s do a credit check?
Aaron’s will check credit history and creditworthiness as part of our digital application process. However, Aaron’s doesn’t require you to have established credit to start a new lease. We regularly approve customers that other stores won’t, even with less than perfect credit history. Credit history is only one of many data points that factor into our approval process.
Does Aaron’s report to credit bureaus?
Aaron’s does not report your payment history to the credit bureaus. This means that neither late nor on-time payments with Aaron’s will appear on your credit report or affect your credit score.
Does Aaron’s improve your credit?
Since Aaron’s doesn’t report to credit bureaus, your payments won’t affect your credit score. In other words, leasing products at Aaron’s will neither build nor harm your credit score. However, when you apply for a new lease, Aaron’s does make soft inquiries to credit bureaus. You may see these inquiries if you request a copy of your credit report.
Making the right choice for your financial future
While leasing products from Aaron’s won’t build your credit, Aaron’s offers perks and flexibility that credit transactions won’t. Shopping with Aaron’s means free delivery, free setup, free repairs, no hidden fees, and no interest. Plus, if circumstances change, you can always return your product — without any penalties. Whenever you’re ready, resume your lease where you left off with a product of same or similar condition. When your lease ownership plan is complete, the product is all yours!
For more information on rent to own at Aaron’s, check out our FAQ.
