608-732-9063

Diving Into The Ins And Outs Of Financing A Roof Job With Bad Credit

Written by Heins Contracting

On May 15, 2020
do i need a new roof

The average American’s credit score has been climbing steadily over the last few years. However, there are still a huge number of people with poor credit.

If you’re one of these people, your credit score can cause you a variety of problems. The lower your score is, the less likely you are to secure credit in the future.

Financing a roof on bad credit may be more challenging than it would be otherwise. However, it’s still possible if you work with Heins Contracting Madison.

Read on as we look at the various ways in which you can install a new roof with bad credit.

What Is a Credit Score?

Your credit score is a numeric representation of your history of paying debts. The more closely you have followed repayment rules and structures in the past, the higher your score will be.

Your Options When Financing a Roof

There are a number of options for those looking to borrow the money required for a new roof.

Possibly the most common is a traditional bank loan. You can apply to your bank for a loan to install a roof in the same way you would for a new car or a holiday.

If you don’t want to borrow money from an institution, you can often borrow it from the roofing company itself.

“New roof pay monthly” programs are a system by which a construction company like Heins Contracting Madison will install your new roof for a small down payment, before accepting the balance in monthly installments over a number of months or years.

At Heins Contracting Madison, we offer Owens Corning roofing, GAF shingles, and other top brands.

New Roof Financing With Bad Credit

If you need a new roof but can’t get credit, you’re in a bind. Instead of Googling “how to pay for a roof with no money,” there are more productive steps you can take.

Firstly, you should be aware that it is possible to finance a roof with bad credit. It may be a little more difficult, but it can be done.

The first thing you should do is shop around. Even if the first bank you go to won’t work with you, there might well be another that does.

Specialist finance providers (like this one) do a lot of business with borrowers with lower credit scores. They’ll work with you directly to come up with a payment solution that works for everyone.

We at Heins Contracting Madison offer financing to a wide range of customers. We’re willing to look past your credit score if you don’t feel it’s an accurate reflection of your ability to pay.

Keeping All Your Options Open

Having poor credit can feel like being in prison, especially when you have something as vital as a roof that needs to be replaced. However, financing a roof is always possible if you know where to look for help.

At Heins Contracting Madison, we understand that everyone needs a roof over their head. To take the first steps towards financing your new roof, contact us today.

You May Also Like…

How to Find a Good Roofing Company: 10 Tips to Keep in Mind

How to Find a Good Roofing Company: 10 Tips to Keep in Mind

Hiring a contractor in Madison or Waukesha can be stressful. Whether you need landscaping work, a finished basement, or a new roof, choosing the right contractor makes a big difference.  A sturdy roof with solid construction helps make for a secure home. Plus, making...

What the best way to clear away the ice dam on my roof?

What the best way to clear away the ice dam on my roof?

Icicles hanging on the roof of your home might look attractive but they speak trouble. The same conditions often contribute to ice dams. Dams can tear off gutters, slack shingles, and cause water to back up and pour into your house. When that happens, the effects can...