Inquire Now

Watching Out for Bad Contractors

The warm weather of summer provides the perfect opportunity for you to take on those home improvement projects that weren’t suited for the cold months. It also provides bad contractors the opportunity to take advantage of the increased demand for work. Bigger, more reputable contractors may have been booked up well in advance, causing homeowners to seek out alternatives. Sometimes these alternatives are on the up and up, but other times they can be scammers who will take payments up front and won’t do any work on the project. Here’s how to tell the difference.

How To Watch Out for Bad Contractors

First things first, ask them if they’re licensed and insured. If they won’t give you this information, there’s no reason to go any further. If they do provide the information, verify it with the proper local agencies. You’ll also want to verify their address. If the address is not local or is unable to be found, this is another red flag. References are another important starting point. Lack of references is a reason for pause.

With regards to the contract itself, there are several tactics that scam contractors will use that you should look for. They may say you don’t need to sign a contract, but will ask you to pay up front. They may also ask you to sign a contract at a low price that they’ll only offer that day. A reputable contractor will never do this.

Contractors should also never ask you to make out a check to them directly. This is a sure sign that they’re looking to scam you. Similarly, never pay for work or materials in advance. Bad contractors may try to get you to pay for things you don’t need such as expensive extras, or they may try to get you to replace things that are fine as they are in order to bump up the total cost.

Overall, in addition to watching out for these practices, your gut is always a good indicator. If you feel like something’s off, there’s a good chance it is.

bad contractor

Your Project Loan has over 55 years of experience helping homeowners get the loans they need to make their remodeling dreams a reality. Is your kitchen aging faster than you’d like it to? Is the bathroom in need of a facelift? We’ve got you covered. No matter what kind of remodeling you want to do, we can get you the loan to finance it. With new low 4.99% APR financing available in all 50 states and up to $100,000 with no equity required, now is the perfect time to go to our website and fill out our 60 second loan application.

Are you a home improvement dealer? Want to increase your sales?! We can help you provide financing for your customers as well. Please fill out our dealer application and you will be contacted within 24 hours by one of our Home Improvement specialists.

As the old adage goes, time is money, and for an investment of just 60 seconds you could be looking at a great loan for your home remodeling project. In less than the time it took you to read this blog, you could have been on your way to a loan today. So don’t delay, head over to our application and get started! And be sure to follow Your Project Loan on FacebookTwitterGoogle + and LinkedIn.


This entry was posted on Wednesday, June 18th, 2014 at 1:24 pm . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.