Starting your first lease ownership plan at Aaron’s can bring up a few questions regarding your credit score. Does renting furniture build credit? Are leases reported to credit bureaus? Does Aaron’s report to credit agencies at all?
The simple answer: Aaron’s does not report to credit bureaus. Whether you’re making regular, on-time payments or you’re late on a payment, these activities won’t show up on your credit report. This means that making your lease payments won’t positively affect your credit score, but it won’t negatively impact it either.
Does making payments to Aaron’s help my credit?
Since Aaron’s doesn’t report to credit bureaus, your payments won’t have any impact on your credit score. This means that leasing products from Aaron’s won’t help build your credit, but it also won’t damage it.
Does a lease application impact my credit?
When you apply for a new lease, Aaron’s makes soft inquiries to credit bureaus. You may see these inquiries if you request a copy of your credit report.
What does this mean for you?
So, Aaron’s doesn’t report to credit bureaus — but what does this mean for your finances? It means you get the products you need, when you need them, with added perks and flexibility that credit transactions don’t provide. Shopping with Aaron’s means free delivery, free set up, free repairs, no hidden fees, and no interest. Plus, with our Lifetime Reinstatement benefit, you can return your product at any time with no 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!
To learn more about leasing furniture, electronics, and appliances with Aaron’s, check out our FAQ!
