So you’re considering Aaron’s for your furniture, electronics, and appliances, but you’re curious about how a rent to own transaction might affect your credit. We’re here to break down some of the most common questions surrounding credit and rent to own at Aaron’s!
Does rent to own go on your credit report?
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. However, Aaron’s does not report to credit bureaus regarding payments. 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.
Does rent to own hurt or build credit?
Since rent to own payments aren’t reported to the credit bureaus, they won’t hurt your credit. This is great news for shoppers who might be worried about late payments affecting their score. However, on-time payments also won’t help your credit, so it’s important to manage your other financial commitments if you’re looking to improve your score.
Can you rent to own with bad credit?
Absolutely! One of the biggest advantages of rent to own at Aaron’s: you don’t need good credit to get started. You don’t necessarily need an established credit score at all! Whether you have excellent credit or you’re working to improve your score, rent to own gives you flexible payment options on the latest name brand products.
Still have questions? For more information on rent to own at Aaron’s, check out our FAQ!
