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The following Information will guide support agents regarding interactions with Sales Representatives and Installers in relation to the new credit score requirements
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Changes to Credit Score Requirements:
Starting on Friday, October 18th, 2024, The minimum Credit Score required for all of the company’s financing option in all markets will be 700
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The Project cost cap remains at $150.,000for all projects |
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Credit approvals prior October 18th:
Credit approvals issued Before October 18th 2024 will follow the previous credit score requirement of 670
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However: If a contract is not signed before the 60 day credit approval expiation expiration date: The credit score will be re evaluated based on the new criteria (700 Minimum) |
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Only one Co-Applicant is required to meet the new Credit Score of 700, But both applicants must still be included on the credit application Installers have already been informed of these changes
Installers have already been informed of these changes
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