How Poor Credit Can Affect HVAC Purchase Choices

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How Poor Credit Can Affect Your HVAC Purchase Choices

If you have poor credit, purchasing an HVAC unit may be difficult. When exploring traditional financing options with a less-than-perfect FICO assessment, these are the things you could be facing.

Large Down Payment: Most traditional financing companies won’t approve homeowners with low credit scores. Therefore, you could be asked to pay for a portion of the unit up front.

High Interest Rate: Lower credit scores mean a higher interest rate and a higher risk to institutions. Unfortunately, this means you may end up paying more than the original asking price by the time the deal is finished.

Denied Financing: Oftentimes, those with poor credit may be denied financing – or are faced with large upfront costs and high interest rates. If that’s the case, then you should consider a lease purchase program.



Microf Says Yes When Others Say No

Unlike traditional HVAC financing, our lease purchase program doesn’t require perfect credit and we don’t use your FICO score to determine eligibility. We offer multiple payment options for homeowners with excellent, good, or bad credit. Our application process is simple and fast. Apply today, get approved today.

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