Financing Steel Buildings With Bad Credit

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    Steel Buildings

    • Steel buildings are used for a variety of purposes including garages, car ports, gazebos and storage sheds. The American Institute of Steel Construction says that steel is the most recycled material on the planet, is widely available, and steel buildings can be constructed quickly and at a lower cost than other construction options.

    Financing

    • If you are looking to purchase a steel building, many of the dealers providing these buildings also offer financing, including for people with bad or no credit.

      First, find three to five dealers who service your area and contact them for a price quote. Most dealers advertise in local newspapers, online and in the yellow pages. Price quotes should be offered to you for free.

      Second, evaluate your price quotes based on building style, accessories, budget and construction time frame.

      Third, inquire about financing. Expect to fill out a credit application, which will supply details about your credit history to the steel building dealer. From there, the dealer will either approve or reject your request for credit. If approved, determine whether their requirements suit you, reviewing their financing agreement for down payment, amount financed, interest rate and loan term.

    Warnings

    • Before considering a dealer to provide a steel building, you'll want to check their references, review their guarantee, and learn how they are viewed by the local business community and your state's office of the attorney general. Contact the Better Business Bureau to find out if there are unresolved complaints against them.

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