If you want to buy new furniture for your house then furniture financing is the best option for you. There are many types financing option in market right now. In case you have a new home, imagine the amount of each bed that you have to buy multiply it by the number of rooms you have in your new home. Getting a furniture financing can help you lessen the financial burden. Not everyone can pay upfront cash especially for large purchases like furniture. Here are the common financing options available when purchasing a furniture.
Some furniture stores provide you store credit card in which you can use to purchase any furniture in their store. This is very suitable method to finance furniture because their interest free agreement. This is just like a normal credit card that you normally use. Usually these cards will offer you points if you repay the finance amount in time. The points can be used to get discounts or use it to pay for your future purchases.
You can get furniture credit as unsecured loan. All you have to do is show your credit history and they will not ask for any collateral. This kind of loan is based entirely on your credit rating. The better your score is the better the interest rate will be. Your score will also determine how much loan you can apply for. A good credit score will always mean better chances of loan approval.
Bad credit finance
For people with a short cash and has a history of bad credit rating, there is still a chance for you to avail of furniture financing. This is through a no credit check furniture financing. The requirements usually are proof that you have a job and has stayed there for at least 6 months, a bank account and of legal age. The cons for a loan like this is the higher interest rate and the amount you can loan is limited.