When the idea came to me to create a no credit check rent to own program I was actually working for someone else selling pressure washers. I would come across so many pressure washing contractors, or individuals who were trying to get into the industry that needed to buy new equipment. The vast majority of them submitted a credit application and were turned down.
Having been in the pressure washing business for over 20 years, I could relate to these people. There was a time I had bad credit and needed new equipment and could not afford it or get it financed.
So, I made up my mind that as soon as I started selling for myself and got the opportunity, I would start a program to help “Good People that have Bad Credit”.
It was not easy to convince a finance company to loan money to customers that lack a good credit history, but after searching for about two years I finally found one.
The interest is higher than I would have liked, but it is reasonable. It is the same rates some pay for their credit cards. To compensate, however, I provide the lowest rate possible to take some of the sting out of the rate. And it has worked. The price my customers pay with interest is not too much more that what other similar units cost without the interest. Additionally, there is the option to pay the equipment off early with no penalty.
It is really a blessing from God that I am able to help people change their lives by starting or improving their business and provide for their families. I have been taken advantage of a couple of times. But no evil that is done to me can take away the joy I feel when I, as one customer put it, “You’re helping people’s dreams come true”.
The best part of this business, though is meeting and helping people and the fact that most of my customers also become my good friends.