Bad Credit Furniture Financing

Get Bad Credit Furniture Financing: The Definitive Guide


Shopping for furniture can be a challenge if you have bad credit. Having a bad credit might make you ineligible for some financing options and require you to pay more money upfront. It might also mean that you pay a higher interest rate. Bad credit furniture financing  is a type of loan that allows you to purchase furniture and it is offered by furniture stores, department stores, and third-party lenders. If you have a bad credit, it might mean that you need to pay off your debt faster.

The Best Bad Credit Furniture Financing Options

The Best Bad Credit Furniture Financing Options

Furniture is crucial whether you have moved into a new house, apartment, or condominium. You will definitely require a bedroom set, bed, dining room set, living room set, and electronic items. If you have bad credit, you will definitely be held back from getting the things you desire, but furniture is necessary. And some lenders would not offer you a personal loan based on your bad credit. But you cannot imagine staying without furnishing your dwelling. 

Fortunately, many furniture stores offer furniture bad credit financing to help make their pieces available to a more significant number of consumers. In addition, it provides the consumers with the flexibility to pay over time, which could also help improve credit scores. However, you may require a minimum payment or minimum purchase amount. Listed are the stores that offer bad credit furniture financing.

Winner Furniture:

It is a Louisville-based furniture financing company that has stores throughout Kentucky and Southern Indiana. Winner Furniture provides options that include lease-to-own, credit cards, and in-house financing for consumers with bad credit. You can apply to all the financing options available in the store, and your application will be matched with their available plans.

Conn’s HomePlus:

It is located in Texas and provides three financing options: a retail installment contract, rent-to-own, and store credit cards. Conn’s HomePlus considers its installments financing as a YES MONEY® program. You do not get a line of credit on a store credit card; instead, a specific amount upfront with this type of financing.

Bob Mills Furniture:

Bob Mills Furniture is based in Oklahoma and has an online store. You have many easy furniture financing options such as no credit financing through Westcreek, a store card, and lease-to-own agreements. In addition, consumers with higher credit scores can qualify for the Bob Bills Furniture Credit Card, issued by TD Bank. 

Luther Sales:

For up to 36 months, you can be offered bad credit financing on furniture by Luther Sales. And with a down payment, you will be able to get financing if you have a very poor credit score. If you want to qualify for the financing, you need to prove yourself employed for at least three months. They do provide a credit limit, but they limit financing to the things purchased for “one-room” at a time.

New Lots Furniture:

According to their website, New Lots Furniture provides a 95 percent approval rate for financing around the country. It also offers a good range of credit options. But the credit applications are processed only in the Brooklyn, New York store. So you can get credit with no credit check if you belong to the local area, otherwise you can get no credit check furniture financing online.

Snap Finance:

Snap Finance started operating in 2015. It offers people the options for furniture financing for bad credit. The consumers are provided with an easy application process, and they get a credit line of up to $3,000. It is a variety shop, and you will find mattresses, wheels and tires, electronic appliances, jewelry, mobile phones, and car audio apart from furniture. To fill-up the form, you will need to write your name, phone number, and email address. Then, you will go through a verification process through SMS before continuing with your application.

Elgin Furniture:

Elgin Furniture started operating in 1949, and it is based in Ohio. It provides its offers to the consumers having bad credits as they promise their customers things like no credit check, delivery the next day, and a low price furniture financing. Customers can purchase home office products, bedrooms, dining rooms, mattresses, etc. Besides, a section in Elgin Furniture offers a reduction in price for those who want to save the most. Most commonly, this markdown happens due to the reason that it does not get sold quickly. It means that the customers can catch hold of the fantastic furniture at the lowest price.

You will find Elgin’s financing form to be relatively straightforward. First, it asks for your name, address, date of birth, social security number, and mobile phone number. Next, they will collect information on whether you have a line of credit, and after that, you can start shopping your lists of furniture.

Furniture Mart:

Furniture Mart is based in Sioux Falls and offers three financing options that can easily be accessed online. You do not require a minimum credit score to provide you with a loan for your furniture. Besides, you also have a layaway option, and you will need a downpayment option of 25% to purchase your desired items. But the disadvantage of this store financing is that you will be charged with a potentially high-interest rate. In addition, you might also be limited to your purchases by their policy and their requirements.

Ashley Furniture:

Ashley Furniture has been serving its consumers since 1945. This furniture financing is based in Wisconsin and provides finance furniture with bad credit to the people with bad credit who want to furnish their dwellings. The consumers in Ashley Furniture have to sign a contract for the items they wish to purchase and can pay them off within 60 months. This company provides amazing offers, deals, and discounts to its consumers.

The store sells living room items, beds, kitchen furniture, bedroom sets, outdoor furniture, etc. After the consumers get approved for their credit, they can explore the deals section to take advantage of the deals on the day of their credit approval. Ashley Furniture does not offer no credit checks for furniture financing but offers bad credit furniture financing. They start with the debtors having credit scores as low as 550. To qualify for their furniture financing, the customer has to be 18 years of age and must be able to provide proof of income to get approval.

Shop Factory Direct:

Shop Factory Direct is based in Florida and is an authorized furniture dealer. It is an exclusively online company where you can neither see nor touch before buying the furniture. They offer two forms of financing, either you can purchase furniture through Paypal financing or go for the rent-to-own financing option. It gives you up to 12 months to pay for your purchase. Fortunately, it has no check furniture financing online option. Therefore, you would not be required to check your credit to qualify for the financing. But you need to prove your regular income of at least $1,000 a month.

Flex Shopper:

FlexShopper is a new furniture financing provider company that sells various furniture online. This company helps make it easier for people providing finance furniture with bad credit with an easy application process. You can get easier approval if you meet the criteria. Apart from furniture, you can get television, exercise equipment, tires, home appliances, microphones, etc. They offer their consumers a line of credit of up to $2,500.

Alternatives For Bad Credit Furniture Financing

Alternatives For Bad Credit Furniture Financing

If you’re struggling with bad credit and still looking for ways to acquire furniture, do not limit your options only to retail stores. There are still ways to buy new furniture. Only good credit is not a requirement for bad credit furniture financing. You will find many stores that offer guaranteed furniture financing even if you have bad credit. People with bad credit may be required to pay a security deposit or purchase insurance. If you have bad credit and need furniture, there are many other options. Listed are the ways to get credit for your furniture purchase.

Milestone Mastercard:

It is also known as Milestone Gold Mastercard. It has an annual fee of $75 in the first year, followed by $99 in subsequent years, and the regular variable interest rate is 24.90%.

Credit One Bank Platinum Visa:

It offers a reward program considered a rare perk for people with bad credit. The main drawback of the card is that it has an annual fee of as much as $99. However, the reward program helps you earn 1% cashback on specific purchases.

First Access Visa Card:

Bank of Missouri issues the First Access Visa. It does require a security deposit. But you will need to pay $95 as a one-time new account fee, a $6.25 monthly fee after the first year ends with an annual fee of $75 in the first year followed by $48 in subsequent years.

Surge Mastercard:

Continental Finance issues the Surge Mastercard. It offers an initial credit limit between $300 and $750. You will be granted a higher credit limit after six months only if you pay your bills timely. But you will be required to pay fees such as an annual fee between $75 to $99 and a monthly fee of more than $20, and the interest rate is 29.99%.

Total Visa Card:

It is an unsecured card that offers an initial credit limit of $300 and helps purchase something crucial to you but is not enough to buy a set of furniture for a whole room. The card’s interest is 34.99%, and you will need a 6.25 fee for monthly maintenance of the card after the first year ends. In addition, you will need to pay $89 as a “program fee,” $75 annual fee in the first year, and $48 annually after the first year.

It is a loan aggregator that helps to match the borrowers with the lenders. It does not fund any loans. You can borrow from $100 to $1,000, which is lower than other lenders on the list. Tribal lender Hawk, LLC, owns it.


It is a loan marketplace that connects borrowers with potential lenders. Even if you have bad credit, you can apply for it, but you can get a better deal if you have a decent credit profile. Different lenders have their unique requirements, but there is no cost to applying for the loan.

It is a loan marketplace with lenders. They offer loans like short-term loans, peer-to-peer loans, etc. You will find tribal lenders on It means that interest limits do not restrict these lenders. To qualify, you need to be above or 18 years of age, have a checking account, be a U.S resident, earn at least $1,000 a month and prove your employment for at least 90 days. You might be able to receive between $500 and $10,000, depending on your qualification.


It is a loan marketplace to match you with your lenders. If you are a borrower with bad credit, you can apply for a loan. You can borrow up to $2,500, which is certainly a disadvantage. If you are 18 years of age or above, you can qualify for this loan and make at least $800 a month. In addition, you must maintain an active checking account.

Things To Know Before Committing to Furniture Financing

Things To Know Before Getting Furniture Finance

Purchasing furniture is a huge investment. So people look for financing instead of paying cash. But bad credit doesn’t necessarily mean you’re out of luck when purchasing furniture. You can get furniture financing even if you have bad credit. But there are some important points that you should keep in mind:

  • Make a down payment: If you have bad credit, you might need to pay a down payment. 
  • A higher price for the furniture: You might have to pay a higher price for the furniture as retail store cards charge a higher interest rate than the cards issued by banks. But if you want to purchase furniture on a credit card, it is recommended to take a non-store card first. Therefore you might end up paying more interest.
  • Don’t buy anything you can’t afford: It is recommended to avoid purchasing anything that you think you cannot afford. 
  • Retail cards are limited to a single store: You will find some store cards limited to the store itself, and you cannot purchase the items at other stores.
  • Less likely to earn store rewards: Most retailer cards do not offer a rewards program. Therefore with store cards, you might not earn any rewards. But you may ask for any discounts or deals as most stores provide some perks to encourage the consumers to sign up.

Why is it necessary to make payments on time?

It is necessary to make payments on time because missing payments or paying late can affect your credit score. You might also be charged with late payment fees. Most furniture finance is interest-free but the fees added to the finance might leave you with financial stress. Paying the debts in time is excellent to prevent the financial stress and the extra charges. You can also get your loan cleared quickly and approved for a future loan without trouble. 

How to manage your payments?

You can manage your payments just by paying your loan on time every month so that it does not get accumulated. However, if your debt gets accumulated or you pay late or miss payments, you might need to pay extra charges. And you might end up adding more charges and get financially stressed. 

What happens if you miss a payment?

What Happens If You Miss A Payment?

If you miss any payments, it can negatively impact your credit score. You will also find that most finance agreements have missed payment fees. With the added fees, you might land yourself further in debt. Besides, missing your payment will also impact your credit score and hinder your chances of getting approved for loans in the future.

What happens if you pay off your debt early?

If you pay off your debt early, you can positively impact your credit score as it lowers the current usage percentage. In addition, you can also feel debt-free. But paying off early with a large sum of money has some drawbacks. You might put yourself at risk. Besides, 0% interest loans do not allow for early repayment, especially with repayment penalties. These penalties exist to enable the interest to build up, and paying off the loan early might be the opposite of a 0% interest loan. Therefore, it is essential to read the repayment terms carefully.

Security deposits and Insurance purchase for bad credit furniture financing

Security Deposits And Insurance Purchase For Furniture Financing With Bad Credit

While opting for furniture financing, some stores offer furniture financing for bad credit but require security deposits and specific insurance.

  • Security deposit: Security deposits are paid to the furniture financing company. It is a deposit that is a measure of protection. 
  • Insurance: It is a way to manage the risk. You need to purchase specific insurance to protect against unexpected risks.

You will find many furniture financing companies that require these measures to purchase the desired furniture.


After reading the article, you know that you can opt for furniture financing options even if you have bad credit. Many financing companies provide bad credit furniture financing to let you decorate your home and offer you several ways to pay for the items.

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