Can you have fair or poor credit & rent a car, as long as you have the money?
2007-01-20 15:31:59 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
i actually work for a rental car company. the national companies like the one i work for if they accept a debit card will run a credit check. they are looking for bounced checks, bankruptcies anything like that. if you think there may be a problem have a back up plan. call an independent car rental company which may charge more but their policies are usually pretty lenient. if you are travelling out of town look in the yellow pages for that town BEFORE you get there.
2007-01-20 15:43:34 · answer #1 · answered by starla 3 · 2⤊ 1⤋
I have rented many, many cars and never had my credit checked to do so. I only needed a credit card with at least $500 available - so that they could hold that amount to ensure I brought the car back in good condition. If I didn't they could threaten to charge my card the $500 for an insurance deductible. Hope this helps!
2007-01-20 15:41:16 · answer #2 · answered by amy23 3 · 2⤊ 1⤋
The big rental car companies are making it COST PROHIBITIVE for you to conduct business with him when you have horrible (bad) credit.
Not to be cruel but rental car companies have noticed through statistical research that damage to their rental vehicles have typically occurred from those folks with awful FICO scores. As such, the agencies have established policies that make make it "more expensive" for bad credit folks to do business with them such as significantly increasing SECURITY DEPOSITS and running credit checks for "cash" or "debit card" customers.
If you lack a credit card at most of these rental car companies, they will require a security deposit around the order of $400-$500 and on top of that, they will run a credit check on you at the point of sale, at the terminal.
Should you have a ridiculously low FICO score, they will decline your rental on the spot and THEN REFUSE to accept any other forms of payment from you for that transaction (and until you get your FICO score in an acceptable range or at least get a credit card with an adequate credit line to accommodate the total amount required for reserving a car rental).
So with the big Four Rental Car Companies, money is not enough.
You need to establish, in no uncertain terms, that you are responsible.
2007-01-20 19:25:47 · answer #3 · answered by DaMan 5 · 1⤊ 1⤋
I have rented many cars in my lifetime and I have never had a company run a credit check, but as others have said you must have a credit card or a debit card
2007-01-20 16:21:25 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Sure as long as you have a credit card for deposit
2007-01-20 15:40:50 · answer #5 · answered by Anonymous · 2⤊ 2⤋
Wanted to ask this question too this morning
2016-07-28 07:48:06 · answer #6 · answered by ? 3 · 0⤊ 0⤋
Hurrah, that's what I was searching for! Thanks op of this question.
2016-08-23 15:44:14 · answer #7 · answered by Anonymous · 0⤊ 0⤋