Product Warning
Hopkins Management Group Trailers: Rent-to-Own Credit Warning
HMG offers rent-to-own financing on utility, gooseneck, dump, and cargo trailers with promises it won't hurt your credit. Here's the truth.
HMG's Trailer Rent-to-Own Program
Hopkins Management Group offers rent-to-own financing for a wide range of trailers through dealer networks across all 38 states where they operate. Their trailer program covers utility trailers, gooseneck trailers, dump trailers, and enclosed cargo trailers, marketed toward both consumers and small businesses.
Like their portable building program, HMG's trailer financing is marketed heavily with claims like "bad credit okay," "no credit check needed," and "will not hurt your credit." These claims are designed to attract customers who may have difficulty obtaining traditional financing for equipment purchases.
What many consumers and business owners discover too late is that despite these reassuring marketing claims, Hopkins Management Group reports trailer payment history to credit bureaus. Late or missed payments on any trailer type can damage your credit score for up to seven years.
The Credit Reporting Truth
“Will not hurt your credit”
HMG reports trailer payment history to credit bureaus. Late or missed payments on any trailer type 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 trailer payment activity to credit bureaus, so poor payment history 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 trailer agreement 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 trailer payments can stay on your report for up to 7 years.
Trailer Types
Hopkins Management Group offers rent-to-own financing for the following trailer types, all subject to the same credit reporting practices.
Utility Trailers
Flatbed and utility trailers for hauling equipment, materials, and more.
Gooseneck Trailers
Heavy-duty gooseneck trailers for commercial and agricultural use.
Dump Trailers
Hydraulic dump trailers for construction, landscaping, and hauling.
Cargo Trailers
Enclosed cargo trailers for secure transport of goods and equipment.
States Where Trailers Are Available
Hopkins Management Group offers trailer rent-to-own financing in all 38 states where they operate. 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 trailer 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 trailers to credit bureaus. Late or missed payments on utility, gooseneck, dump, or cargo trailers will appear as derogatory marks on your credit report.
What happens if I miss a payment on an HMG trailer?
If you miss a payment on a Hopkins Management Group trailer, 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 affecting your ability to obtain loans, credit cards, housing, or even employment.
Is HMG trailer rent-to-own really "no credit check"?
HMG advertises "no credit check needed" and "bad credit okay" for their trailer 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 trailer becomes part of your credit record regardless.
What types of trailers does Hopkins Management Group offer through rent-to-own?
Hopkins Management Group offers rent-to-own financing for utility trailers, gooseneck trailers, dump trailers, and cargo trailers. All trailer types are subject to the same financing terms and credit reporting practices. Whether you rent-to-own a small utility trailer or a heavy-duty gooseneck, HMG reports your payment history to credit bureaus.
Can I return an HMG trailer if I can't afford the payments?
Most HMG rent-to-own agreements allow you to return the trailer, but returning it does not erase any negative credit reporting that has already occurred. If HMG has reported late payments before you return the trailer, those marks remain on your credit report for up to seven years. Review your contract carefully before signing.
How can I file a complaint about Hopkins Management Group trailer 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 regarding trailer financing.