Buying furniture with bad credit can be a nightmare. You’re wondering if you can even do it. We know that bad credit sometime happens. Whether you’re been out of work or trying to make ends meet, it’s not easy. And let’s face it, we all need furniture. You could save by implementing a minimalist lifestyle requiring a smaller amount of furniture pieces. Even then, you still need to buy the basic furniture needed for creating a comfortable living space.
If you have bad credit, you may think that purchasing new furniture is out of the question. But, furnishing your home doesn’t have to be a financial nightmare. Today, there are a lot of financing options available that you can take advantage of. Here are three main areas that you can buy furniture with bad credit.
- Financing through a furniture store
- A personal loan
- A credit card
Buying furniture with bad credit is possible if you do some research. Luckily, we’ve done that for you below so you don’t have to spent a lot of time looking for your best financing option. Have a look below and pick what’s best for you.
Furniture Stores Financing Options
Below we’ll discuss some of the biggest furniture retailers that offer financing options so you can buy furniture even if you have bad credit.
1. Furniture Mart
With no credit check needed, you can buy your furniture at Furniture Mart. In fact, Furniture Mart offers three options to buy your furniture even though you may be short of cash, have bad credit or looking to rent to buy.
a. Special Financing – this is a buy now, pay over time offer. Furniture financing is available from 6 to 72 months. Read the financial terms and conditions as always before committing though.
b. No Credit Card Required – this option gives you the ability to buy furniture without a credit card. The easy online application is quick and you have a 90 day payment option. There’s also a “Lease to Own” option and you can set your payments to match your payday.
c. Layaway Option – if you’re not interested in financing your furniture purchase and don’t want to use all your cash, this option works best. Depending on your furniture needs, you can get a full bedroom or living room set with a low 25% downpayment.
2. FlexShopper Furniture Financing
FlexShopper offers lease-to-own financing on furniture and thousands of other products. Their offering consist of over 85,000 items. You can own your furniture in 12 months or less. Bad credit is not an issue. There’s no money down. Weekly payments are ok and you can quality for an up to $2,500 instant spending limit.
FlexShopper financing option is easy. There are four steps in the process. First, you can apply online for free. Second, shop thousands of furniture pieces, electronics, appliances and more. Third, accept their electronic lease agreement and the products ordered will be shipped straight to your door. Fourth, lease to own. After receiving your products, your weekly affordable payments will be deducted from your bank. If you make all your payments for one year, you own it all.
3. Bob’s Discount Furniture Financing Options
Bob’s Discount Furniture offers three options to finance your furniture purchase. Bob’s offers a very large selection of furniture for every need. From Living Room to Outdoor Furniture, including Home Office you’ll be able to find something that fits your style and budget. Mattresses as well as Home Decor products are also available.
What we like about Bob’s Discount Furniture is their View in Your Room application as well as 3D Room Designer. You can shop online at any time and have your new furniture delivered to your door.
a. 6 Month Special Financing With Approved Credit On Any Purchase of $399 or more
There’s no interest if paid in full within 6 months. Interest will be paid from the date of purchase if the balance is not paid in full within the promotional period.
b. 12 Month Special Financing With Approved Credit of $1,200 Purchase of more
Similar to the financial arrangement above but with a 12 month period.
c. 30 Month Special Financing on $2,500 or more
Special rate of 9.99% with equal 30 month payments.
The other option for buying furniture is with a Personal Loan for Bad Credit. We’re going to list a few options here but do check in your area to see what’s available for personal loan for furniture purchases, rent-to-lease options and no credit check required options.
Personal Loans for Bad Credit
- Money Mutual – offers short terms loans of up to $2,500. This is an online market place for lenders. It’s a simple process and money can be made available in 24 hours in some cases. There are over 2 million customers that have tried this service so it seems reliable from what we have reviewed.
- CreditLoan – variety of loans from $250-$5,000 available. Bad credit is OK. In business since 1998 with more than 750,000 customers. You can qualify and get a loan out in as little as 24 hours.
- Cash Advance – short terms loans offered. Get anywhere from $100 to $1,000 in financing. Bad credit is not an issue. There’s a large network of lenders. This requires a minimum income of $1,000/moth and being in a job for at least 90 days.
Credit Card Options for Bad Credit
If you don’t want to take advantage of the loans offered above, there are a few credit cards that may suit your needs. We reviewed 3 options that feel are the best suited for buying furniture.
- Surge MasterCard – encourages all credit types to apply. Fast and easy application process. You have the option to see if you pre-qualify without impacting your credit score. A checking account is required. Free online account access is available.
- First Access Visa Card – this is an unsecured VISA card that is accepted at millions of retailers, ATMs and online. Applications takes 10 minutes.
- Milestone MasterCard – less than perfect credit score is acceptable. 24/7 account information is available, even on mobile. Application takes about 5 to 8 minutes. Credit card interest is around 24%, a bit high but if you can meet the payment plans, it’s worth it.
Keep in mind that these credit card companies will have to do a credit check in order to approve you for a loan. The upside is that, with a credit card your purchasing power increases which allows you to buy more than furniture. Key is to make your payments onetime, overtime.
So, with these financing options discussed, you can still furnish your home even though you may have bad credit. You can start designing your perfect home today.
Whether you chose to finance directly from a furniture shop, get a personal loan or apply for a credit card, these borrowing options are some of the best on the market to buy furniture and make your place a comfortable sanctuary that you can enjoy.
Please share in the comments what other options you may be aware of that can benefit others with bad credit.
