I Need A New Roof But Have Bad Credit

Having a co signer with good to excellent credit greatly improves your chances of being able to secure a loan.

I need a new roof but have bad credit.

Personal loan lenders look for a credit score of around 640 or better in order to qualify. If you have an emergency roof replacement bad credit shouldn t. If you have excellent credit you can usually qualify for low interest personal loans and credit cards with 0 introductory rates but what about financing a roof replacement with bad credit. Here s a look at your options when you need roof.

Often the financial aspects of installing a new roof or repairing your existing roof are so overwhelming that a healthy roof may seem like an impossible goal. Financing a roof can add value to the home as well as give it more beauty. Many roofing contractors simply do not want to go the extra length to help unfortunate homeowners out. Bad credit roof financing has become a primary hurdle for homeowners in the roofing industry today.

But it could be tricky because roof repairs can t wait. Interest rates for homeowners with bad credit are quite higher than personal loan interest rates for those with good credit. Most people have a family member or close friend to serve as their co signer. Roof repair or replacement is a costly endeavor.

Financing options for a new roof. Finding a professional roofer with great background experience and reputation is essential. For homeowners with fair or poor credit however the options may be more limited. Sometimes you want to save cash or take some time first to improve your bad credit score before you consider financing a roof replacement.

Finding roofing loans for bad credit has not always been easy. If you have good or even average credit financing your roof can be fairly straightforward. Unfortunately a large portion of customers especially so in michigan have faced financial hardship causing them to go bad on their commitments and loans. Roofing loans can be an affordable option if your roof needs to be repaired or replaced.

Our team here at american standard roofing advises prospective bad credit roof financing homeowners looking for roofing loans to be extremely careful. If you have bad credit and desperately need a loan to make repairs to your roof or replace the roof altogether you can get a co signer. The better your credit score the lower the rates you ll pay. If you have bad credit and need to finance a roof installation you may not qualify for certain loan options but you can still qualify for loans with higher interest rates.

Some providers may qualify you with a credit score as low as 500. If you need to repair or replace your existing roof you may want to look at different types of roofing loans to help you finance and spread the payments of your new roof out over time. You ll likely need a credit score of at least 640 to qualify but if you re looking for roof financing for bad credit you may still be in luck.