Furniture Finance Bad Credit: How To Get The Furniture You Need

furniture finance bad credit

Furniture is essential in making a house feel like a home. However, with bad credit, obtaining furniture financing can be a daunting task. Fortunately, there are various options available to help you get the furniture you need without breaking the bank.

Problem: Furniture Financing with Bad Credit

Having bad credit can be a challenge when it comes to financing furniture purchases. Many traditional financing options require good credit scores, leaving those with bad credit in a bind. This can be frustrating, especially when furniture is needed for a new home or to replace old and worn-out pieces.

Solving the Problem

While having bad credit can limit your options, there are still ways to obtain furniture financing. One option is to look for furniture stores that offer in-house financing. These stores may be more flexible with credit requirements and can work with you to develop a payment plan that fits your budget.

You can also consider applying for a personal loan. Many lenders offer personal loans specifically for furniture purchases, and some may be willing to work with you despite bad credit. Additionally, you can try to improve your credit score by paying bills on time and reducing debt, which can increase your chances of being approved for traditional financing options in the future.

Furniture Financing Options

When it comes to financing furniture, there are several options available:

1. In-house financing: Some furniture stores offer in-house financing options, allowing you to make payments directly to the store rather than through a traditional lender.

2. Personal loans: Personal loans can be used for various purposes, including furniture purchases. However, interest rates may be higher for those with bad credit.

3. Credit cards: Many furniture stores accept credit cards, and some may offer financing options with special promotional rates.

4. Rent-to-own: Rent-to-own options allow you to make payments over time and eventually own the furniture. However, interest rates can be high, and you may end up paying more than the furniture is worth.

Improving Your Credit Score

If you have bad credit, improving your credit score can increase your chances of being approved for traditional financing options in the future. Some steps you can take to improve your credit score include:

1. Paying bills on time: Late payments can negatively impact your credit score, so it’s important to make payments on time.

2. Reducing debt: High levels of debt can lower your credit score, so paying down debt can help improve your score.

3. Checking your credit report: Errors on your credit report can lower your score, so it’s important to check your report regularly and dispute any errors.

4. Avoiding new credit: Applying for new credit can temporarily lower your score, so it’s best to avoid opening new accounts unless necessary.

Success Story

John had bad credit and was struggling to find furniture financing for his new home. He discovered an in-house financing option at a local furniture store and was able to purchase the furniture he needed with a payment plan that fit his budget. He also took steps to improve his credit score and was eventually approved for a traditional financing option for future purchases.


Can I get furniture financing with bad credit?

Yes, there are options available, such as in-house financing and personal loans.

Will I have to pay higher interest rates with bad credit?

It’s possible, but some lenders may offer more favorable rates depending on the circumstances.

Can I improve my credit score?

Yes, paying bills on time, reducing debt, and checking your credit report regularly can all help improve your credit score.

What if I can’t get approved for traditional financing options?

Consider alternative options such as in-house financing or rent-to-own, or work on improving your credit score for future purchases.

Can I negotiate a payment plan with furniture stores?

Yes, many furniture stores are willing to work with customers to develop a payment plan that fits their budget.

What should I look for when choosing a financing option?

Consider the interest rate, payment terms, and any fees associated with the financing option before making a decision.


1. Shop around for the best financing options.

2. Consider in-house financing options and personal loans.

3. Take steps to improve your credit score.

4. Negotiate payment plans with furniture stores.

5. Check for errors on your credit report.


Obtaining furniture financing with bad credit can be challenging, but there are still options available. In-house financing, personal loans, and rent-to-own options can all be viable choices, and improving your credit score can increase your chances of being approved for traditional financing in the future. Shopping around and negotiating payment plans can also help you get the furniture you need without breaking the bank.

Originally posted 2023-04-28 22:49:19.

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