“Bad Credit” Furniture Financing (Top 14 Options)

“Bad Credit” Furniture Financing (Top 14 Options)
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Amber Brooks
By: Amber Brooks
Posted: June 3, 2016
BadCredit.org's popular "How-To" series is for those who seek to improve, rebuild or better understand their subprime credit rating.

While you could save money by not buying furniture for your home, you’d soon grow tired of sitting on the floor, eating over the sink, or sleeping on just a mattress. A home should be a sanctuary, not a place of discomfort and discontent.

You may think you can’t afford furniture, but furnishing your home doesn’t have to be a financial nightmare. There are a variety of financing options you can take advantage of. Even with poor credit, you can still get financing through a furniture store, a personal loan, or a credit card.

We’ve outlined 14 options that get you financing to buy furniture for your home, and some can even help improve your credit score if you make your payments on time.

In-Store Furniture Financing (Options #1-4)

Even with bad credit, you can get financing directly from certain furniture stores. The following stores provide payment plans for customers with all types of credit:

Furniture&LivingRooms.com logo1. FurnitureAndLivingRooms.com approves loans of up to $2,500 for customers with bad credit scores (400-560). In the Rent-To-Own program, you can be financed up to $3,000. Select the “get financing” payment option at checkout to get started. This store does not deliver outside the continental U.S.

Jack's Warehouse.com logo2. Jack’s Warehouse offers financing with no credit check. You might also qualify for no-interest payments for the first 90 days. For financing, you’ll need a checking account and proof of six months’ employment. Jack’s Warehouse will ship anywhere in the contiguous U.S.

Bob's Discount Furniture logo3. Bob’s Discount Furniture lets customers select a monthly payment plan that works for them, and the No-Credit-Needed Payment Option offers the chance to build a good credit history. This option can be applied for online but can’t be used for online purchases. My Bob’s Card requires a credit check before offering a line of credit.

Furniture Mart logo4. Furniture Mart has three financing options, all easily accessed online. Special financing via a Furniture Mart USA Credit Card is available for anywhere from six to 60 months. Furniture Mart’s leasing plan has a flexible payment schedule with no minimum credit score necessary. There’s also a layaway option that requires a 25% downpayment.

The downside of store financing is the potentially high interest rates attached. You could strain your budget paying interest over time. You’re also limited by the furniture store’s policy and its various requirements. Before applying, read through the details of the plan so that you know exactly what you’re signing up for.

Personal Loans for Bad Credit (Options #5-9)

Rather than store-specific financing, you can get a more general personal loan for some extra cash that can be used at any furniture store you like. The following five lenders have been reviewed by our experts and rated as helpful options for you:

The above options are able to provide installment loans — if you qualify — where you’re able to pay your loan off over an extended period of time, whereas the below options specialize in short-term loans of up to $1,000.

  • Short-term loan of $100 to $1,000
  • Bad credit is no problem
  • Large network of lenders
  • Loan decision as fast as a few minutes; funding as soon as next business day
  • Required: Income of $1000+/month and at least 90 days on job
  • Click here for official site, terms, and details.
             
★★★★★

4.6

Overall Rating

Interest Rate In Business Since Form Length Reputation Score
Varies 1997 5 minutes 9.0/10

It only takes a few minutes to apply for a personal loan on these websites. By completing an application you’ll be presented with loan terms for your review, and you’re never obligated to accept a loan. Once approved, you can shop anywhere you like!

Credit Cards for Bad Credit (Options #10-14)

You can always turn to credit card companies to finance you, and just like with a personal loan, this option allows you to use your money wherever and whenever. Below, we’ve reviewed and rated five credit cards meant for those with poor credit — our top three go to the First PREMIER Bank MasterCard, Total VISA credit card, and the First PREMIER Bank Gold card.

  • Checking account required
  • Easy online application
  • Unlike some other issuers, good credit is not required
  • All credit types welcome to apply
  • Reports to the major Consumer Reporting Agencies
  • Application response in 30 seconds
  • We may approve those currently building credit history
  • Click here for official site, terms, and details.
★★★★★

4.7

Overall Rating

Application Length Interest Rate Reports Monthly Reputation Score
9 minutes See issuer website Yes 9.5/10
  • Checking account required
  • Fast and easy application process; response provided in seconds
  • A genuine VISA card accepted by merchants nationwide across the USA and online
  • Manageable monthly payments
  • If approved, simply pay a processing fee to open your account and access your available credit
  • Reports monthly to all three major credit bureaus
  • Click here for official site, terms, and details.
★★★★★

4.7

Overall Rating

Interest Rate In Business Since Form Length Reputation Score
See terms 9 Minutes 8.5/10
  • Checking account required
  • A manageable credit limit can help you stay in control
  • This is a credit card - not a debit or prepaid card
  • Track your progress. Your FICO Score is provided for free on your monthly billing statement.
  • Make your payments on time each month, and keep your balance low relative to the credit limit, for positive marks on your credit report.
  • Click here for official site, terms, and details.
★★★★★

4.6

Overall Rating

Interest Rate In Business Since Form Length Reputation Score
See issuer website 9 minutes 9.5/10

The following two cards are still great options for anyone, particularly with bad credit, seeking credit to finance anything — not just furniture. And with on-time payments, can help rebuild your credit score over time.

  • Checking account required
  • Monthly reporting to the major Consumer Reporting Agencies
  • We provide a response in 60 seconds or less
  • No security deposit required
  • Apply today, and if approved, pay a Program Fee to access your available credit (additional fees and charges apply)
  • Click here for official site, terms, and details.
★★★★★

4.6

Overall Rating

Application Length Interest Rate Reports Monthly Reputation Score
9 minutes See issuer website Yes 9.5/10
  • Monthly reporting to the three major credit bureaus
  • Fast and easy application process; results in seconds
  • Use your card at locations everywhere that MasterCard® is accepted
  • Free online account access 24/7
  • Checking account required
  • Click here for official site, terms, and details.
★★★★★

4.5

Overall Rating

Application Length Interest Rate Reports Monthly Reputation Score
9 Minutes See terms Yes 8.5/10

+See More Credit Cards for Bad Credit

Remember that these credit card companies will have to check your credit in order to approve you. With a credit card, your purchasing power increases, allowing you to buy more than just furniture. Of course, this is borrowed money that you’ll have to pay back because you don’t want interest payments to pile up on you. As long as you make your payments on time, however, you can avoid paying interest entirely.

Furnish Your Home Affordably

With these financing options, you can stop sleeping on the floor and rest in affordable comfort in your very own bed, sofa, or oh-so-cozy armchair. Start designing your home the way you want it by financing your furniture purchases using any of the 14 resources we’ve recommended.

Whether it’s from the store itself, a personal loan, or a credit card company, you have choices for financing — even with poor credit history. No matter what your credit score is, you can still get the furniture you want and deserve by taking advantage of these generous borrowing options. Choose wisely!