Product Warning
Hopkins Management Group Portable Buildings & Storage Sheds: Credit Warning
HMG markets portable building rent-to-own with promises that it won't hurt your credit. Here's what they don't tell you.
HMG's Portable Building Program
Hopkins Management Group offers rent-to-own financing for portable buildings and storage sheds through dealer networks across 33 states. Their program is marketed heavily toward consumers who may have difficulty obtaining traditional financing, using claims like "bad credit okay," "no credit check needed," and "will not hurt your credit."
The portable buildings include storage sheds, barns, cabins, garages, and other structures that can be delivered to your property. HMG acts as the financing intermediary between the consumer and local dealers, managing the rent-to-own agreement and collecting monthly payments.
What many consumers discover too late is that despite these reassuring marketing claims, Hopkins Management Group reports payment history to credit bureaus. This means late or missed payments on your portable building can damage your credit score for up to seven years.
The Credit Reporting Truth
“Will not hurt your credit”
HMG reports portable building payment history to credit bureaus. Late or missed payments will damage your credit score, potentially for up to seven years.
“Bad credit okay”
While HMG may approve you regardless of credit history, this does not mean your credit is safe. They report payment activity to credit bureaus, so poor payment history on a portable building follows you.
“All you need is your driver's license”
A low barrier to entry doesn't mean there are no consequences. Your rent-to-own agreement for a portable building is reported to credit bureaus just like other financial obligations.
“No credit check needed”
Not running a credit check upfront doesn't mean they won't affect your credit. HMG reports to bureaus, and negative marks from missed portable building payments can stay on your report for up to 7 years.
Products in This Category
Hopkins Management Group's portable building category includes the following products, all financed through their rent-to-own program with the same credit reporting practices.
Portable Buildings
Storage sheds, barns, cabins, and other portable structures offered through rent-to-own financing.
Storage Sheds
Outdoor storage sheds available through rent-to-own programs.
States Where Portable Buildings Are Available
Hopkins Management Group offers portable building rent-to-own financing in 33 states. Select your state for local consumer protection resources and complaint filing information.
Take Action
If Hopkins Management Group has damaged your credit, you have the right to file complaints with regulatory agencies. Every complaint matters.
Frequently Asked Questions
Does Hopkins Management Group report portable building payments to credit bureaus?
Yes. Despite marketing claims that their rent-to-own financing "will not hurt your credit," Hopkins Management Group reports payment history on portable buildings and storage sheds to credit bureaus. Late or missed payments will appear as derogatory marks on your credit report.
What happens if I miss a payment on an HMG portable building?
If you miss a payment on a Hopkins Management Group portable building or storage shed, HMG may report the late payment to credit bureaus. This negative mark can remain on your credit report for up to seven years, lowering your credit score and making it harder to obtain loans, credit cards, or even housing.
Is HMG portable building rent-to-own really "no credit check"?
HMG advertises "no credit check needed" and "bad credit okay" for their portable building financing. While they may not run a traditional hard inquiry before approval, this does not mean your credit is protected. HMG reports payment activity to credit bureaus, so your payment history on the building becomes part of your credit record.
How much do HMG portable buildings and storage sheds cost through rent-to-own?
Hopkins Management Group's rent-to-own pricing for portable buildings and storage sheds typically results in consumers paying significantly more than the cash price over the life of the agreement. The total cost depends on the building size, style, and term length. Before signing, compare the total rent-to-own cost against the cash price and alternative financing options.
Can I return an HMG portable building if I can't afford payments?
Most HMG rent-to-own agreements allow you to return the portable building, but this does not erase any negative credit reporting that has already occurred. If HMG has reported late payments before you return the building, those marks remain on your credit report. Read your contract carefully and understand the return terms before signing.
How can I file a complaint about Hopkins Management Group portable building financing?
You can file complaints with the Consumer Financial Protection Bureau (CFPB) at consumerfinance.gov, the Federal Trade Commission (FTC) at reportfraud.ftc.gov, and your state attorney general's office. Every complaint is part of the public record and helps increase regulatory scrutiny of HMG's marketing practices.