Jose D. from Riverview, FL

November 19, 2020

I am a Physician’s Assistant (PA) for a medical licensed provider and live alone. I used PACE financing from Renew Financial to replace my 10-year old air conditioner unit as it kept breaking down, and I also wanted to get one that was energy efficient to save money on electric bills. 

To be honest, I did not think that I woud be able to get approved for reasonable financing. My divorce affected my financial security and I did not feel comfortable using cash reserves to pay for the project. My credit score was also badly damaged as a result of the divorce, so no bank was willing to lend me money with a reasonable interest rate and term due to my credit score. I had lost hope but all of that changed for me when the contractor told me to look into PACE financing. 

I didn't even know that PACE financing was a thing. After doing extensive research and learning more about the program, I realized how great it was. I applied online in the comfort of my home and was approved very quickly. The interest rate I was approved for was competitive and the term was long enough to make my payments very affordable while I get back on my feet. I was pleased to see everything move along smoothly and quickly.

One of the biggest differences I noticed between the PACE program and other methods of financing I've experienced, was that I had to sign a certificate of completion in order for the contractor to get paid for the job. That alone gave me a great deal of confidence in my decision to use PACE. 

I am glad that this type of home improvement financing is available for homeowners like myself who do not have a great credit score but have a history of paying our bills on time, and make sufficient income to afford other obligations, to finance upgrades that make our homes safer, and more comfortable and efficient. When you have a less than perfect credit score, banks immediately assume that it is because you are not a good payer and not due to other circumstances that took place in your life. In my case my divorce ruined my credit. 

Renew Financial through the PACE program gave me the opportunity to finance a new air conditioner unit when other places turned me down based on my credit score. In my opinion and based on my personal experience, the PACE program is very well put together. The amount financed is added to your property tax bill for the duration of the financing, to me that is a very convenient way to pay it back.

My experience working with Renew Financial was amazing. The representative that assisted me was nice, knowledgeable, professional, and informative. I was kept informed every step of the way. I am considering PACE for another small project in my home and have already recommended Renew and the program to co-workers and friends. 


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Testimonial Disclaimer: 
The information provided by Renew FInancial ("we," "us" or "our") on this page is for general informational purposes only. These estimonials reflect the real-life experiences and opinions of such customers. However, the experiences are personal to those particular customers, and may not necessarily be representative of all users of our products and/or services. We do not claim, and you should not assume, that all customers will have the same experiences. Your individual results may vary.

The views and opinions contained in the testimonials belong solely to the individual customer and do not reflect our views and opinions. These customers obtained PACE financing through Renew Financial and were compensated accordingly for their time to share their experience and opinion.