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Question DetailsAsked on 7/11/2016

are there any roofing companies that will repair with poor credit score

i have a home depot consumer card,with only a 500.00 limit,but i need a roof replaced and my credit score is low

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2 Answers


Most contractors do not check the credit score of their customers except on large remodels or new construction, and then generally only if owner is saying he will pay cash rather than using a home construction or improvement loan. With the ability to file a mechanic's or contractor's lien on the property if not paid, most contractors do not spend the $W to check customer credit scores unless they see red flags. Of course, if you can't pay for it per the contract terms, don't contract for the work to be done - that is fraud.

Contractors VERY rarely (except some nationwide home builders who provide in-house mortgages or deed of trust loans) provide financing or terms for their work and of those who do generally it is in the form of payments over a very short period - a few months typically. They generally tell the owner to go to a finance company, bank, savings and load, credit union, etc for a home construction or, in your case, home improvement loan. Some people with a lot of equity use a home equity loan instead - using their equity in the house as the basis for the loan. Those are generally the lowest rate, followed by credit union home construction/improvement loans. Bank and finance company loans usually next higher, personal signature loans (but not with poor credit) quite a bit higher, short-term consumer loans higher yet, credit card higher, and "payday" loan shops highest interest rates - along with loan sharks of course.

You did not say WHY you need your roof replaced - but unless the shingles are literally falling apart, have lost a great percentage of their granules and are cellulose based so they are soaking up water, or are all cracked up from sun exposure, if you do not have the money or the ability to get a reasonable interest rate home improvement loan, your roof can probably be repaired much cheaper and you might be better off with just a repair or localized spot replacement of the trouble area until you can save uyp the replacement money.

Generally, unless the shingles are torn away from wind damage, REALLY shot and breaking up in earnest, or deeply covered in tree debris and/or moss so are rotting away in place, replacement of not more than 5% of shingles in bad areas and maybe a bit of flashing repair will work wonders in the majority of cases and may prolong your roof life 5 or more years. It is really pretty rare to see a roof under about 30-40 years old that absolutely has to be replaced unless debris and moss has been allowed to accumulate on it or it has suffered major wind or VERY large hail damage - might not be real pretty, but generally locallzed reshingling will let it go a while longer in probably a vast majority of cases, and if only one or two specific leaks commonly a few hundred to maybe $500 or so of repairs will spot specific location leaks, because they are usually related to rusted through or damaged flashing or damaged shingles in a very localized spot or two.

If your credit rating is not "bad" because of non-payments or defaults, but rather due to lack of credit history or not using credit enough to build a credit record or maybe using too much of your available credit but still staying on top of required payments in a timely manner, you can generally get a home improvement loan as long as it will not drive your combined debt on the house above about 80-90% of market value.

Answered 4 years ago by LCD


are there in any roofing companies that will repair a roof with a person with a poor credit score and can not get credit at this time, somebody please help me.

Answered 3 years ago by blackpearl22

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