Blog provided by Curacao
It can be a challenge to finance furniture products for your house if you have a low credit score. Popular furniture retailers such as IKEA offer 0% interest financing for 6 months to 2 years, but IKEA also requires credit scores of around 670 or higher to qualify. Customers have reported similar credit score requirements for brands such as Pier 1, which requires scores of around 250 or higher. These are fair credit scores, which means that many people will qualify, but what happens to the customers whose scores are lower than the required amount?
If you need low-credit furniture financing solutions, you can turn to personal loans, rent-to-own centers, or other in-store financing providers. Some personal loans require no credit checks, but lenders can be unpredictable and even predatory. Personal loans can lead to large amounts of debt if you are not careful. Rent-to-own centers also do not require credit checks, but they are very expensive. Customers may end up paying several times the retail price of a product, which may not justify using this option.
You can find in-store financing options from retailers with more forgiving credit checks. Ashley Furniture and Curacao are two examples of retailers who make furniture financing services available to customers with low credit scores. One crucial difference between their services is that Curacao guarantees that you’ll always get the best interest rates on their products. Curacao’s interest beat guarantee allows you to bring in a lower interest rate from one of their major competitors. Bring in a recent billing statement or pre-approved offer and they won’t just match the rate. They’ll also beat it by an additional 0.25%!
Sign up for Curacao Credit today to begin financing furniture for the bedroom, living room, and outdoor patio space!
