Looking For No Credit Check Furniture Financing?
You’ve finally done it. After months or years of looking, you’ve found a home that has the bedroom you’ve always dreamed of. Now, it’s time to find bedroom furniture that will complement the space you’re eager to lay your head in every night. With so many different payment options around, furniture financing might be the tool to help you achieve the perfect bedroom.
According to some estimates, furnishing a new residence may cost as much as 25 percent of your home’s purchase price. While that number can vary wildly, there’s no doubt that buying new furniture can be expensive. Even if you already have some furniture and you plan on purchasing the rest on a room by room basis as you can afford to do so, waiting isn’t an option if you want to create an idyllic sleep environment in your new bedroom.
When you’re shopping for bedroom furniture, you’ll have several payment options available to you. The most obvious option is to pay for the bedroom set you want with cash. While paying with cash prevents you from having to pay interest, it can be a risky move if it will deplete your emergency savings.
In general, it’s wise to have the equivalent of three to six months worth of your expenses saved in case an emergency occurs, such as you losing your job. If paying for bedroom furniture with cash will reduce your emergency fund below this level, you may want to stagger your furniture purchases or find another way to pay for the furniture.
If you don’t want to pay for furniture with your savings, you might want to take out a personal loan with your bank. Depending on the size of your loan, you may be able to buy all of your furniture right away, or at least get most of it at once. When you take out a personal loan, you can pay for your furniture over time. Just be sure the loan payments attached to your loan are affordable before you sign the loan contract.
Another payment option is to pay for your bedroom furniture with a credit card. If you choose to do this, be sure you use a credit card that offers cash-back or rewards points so your purchase pays you back in some way.
Finance through Ben’s
Financing your bedroom set through Ben’s is another smart option if you want to buy affordable bedroom furniture from one of our Atlanta-area retail locations. Even if you have poor or no credit, we can help you establish or improve your credit history with a loan you can use to pay for the furniture you buy from Ben’s.
Whether you have great credit, no credit or a credit score that’s in between the two, you’ll have to satisfy certain criteria to qualify for financing through one of our trusted lenders. Here are some of the requirements you’ll have to meet:
- You must have at least one recent paycheck from your current employer
- You must have a valid, state-issued picture ID
- Your gross income must be at least $1,200 per month
- You must deposit at least $900 into your bank account per month and have no more than four outstanding checks or debits on your latest 30-day bank statement
- Your bank account must be at least 60 days old
- You must provide a down payment