Does Aaron's rent to own help build your credit?
Do rent to own stores like Aaron's help to build your credit? Do they report to the three credit reporting agencies/bureaus?
Rent to Own stores
Arrons sales and lease - reports to all three beaures. I was shocked to see my good credit history with them on my credit reports, I have used Rent a Center and Quality and neither of those two showed up.
If it were me, I would use Arrons, and they have exceptional customer service. I have never been unhappy with using them.
They do help
I rented a 70 inch TV from Aarons and used their 120 days same as cash agreement and was able to own my TV interest free! They even price matched the TV when I found it a few hundred dollars less at another store.
Tonight as I was reviewing my credit report, under accounts in good standing it shows Aarons as paid/closed and never late! It does not specify if it is an installment loan or anything and I am looking at my Experian report. Either way, another account in GOOD standing is completely okay by me! I will mention that they reported it AFTER I had paid it off.
I have now contacted them for another TV and I know they will price match that one as well and in 120 days I will have another TV paid for. Being able to budget large expenses is a PLUS
Moderator Recommendation: Looking to build credit? Try this out: