Credit scores matter a lot, especially when it comes to obtaining loans and making purchases. If you have a bad credit score, financing your purchase can be very difficult or impossible. Many times borrowers and investors choose to borrow from Value City Furniture instead of other lenders because of the lower rates often associated with low credit scores. However, if you are unable to raise your credit score through traditional routes, Value City Furniture may not be a viable option for you.
What is Value City Furniture?
Value City Furniture is a nationwide retailer of furniture and home decor. Value City Furniture offers financing to those with bad credit. Their interest rates are a fraction of what you would typically find at most other furniture stores. In addition, they offer a hassle free assembly program. Just bring your old furniture into one of their stores and they will pick it up and replace it with a new piece that’s matching or better quality. Plus, all Value City Furniture purchases come with free shipping!
Who are they? A hit or miss company?
Value City Furniture is a company that is hit or miss when it comes to financing. This is because the company has had a history of providing bad credit financing options. This means that not all of their borrowers are successful in being approved for a loan. This can make it difficult for people who are looking for furniture financing to find a company that they can trust.
How much can I afford on the Value City Furniture Credit Card?
If you have bad credit, you may be wondering if you can still qualify for a Value City Furniture Credit Card. The good news is that the company does accept some applicants with less-than-stellar credit ratings. Here’s how much money you can borrow with a Value City Furniture Credit Card:
You can borrow up to $5,000 with a Value City Furniture Credit Card.
Of course, there are some limitations to these loans: you must have good credit, you must be at least 18 years old, and you must live in the United States. Plus, your regular monthly payments must be made on time in order to keep your loan in good standing. So if your credit is poor but you still want to apply for a Value City Furniture Credit Card, it’s worth considering your eligibility first.
Pros and Cons of a ValueCityFurniture Contract Plan
If you have bad credit, you may be worried about being approved for a furniture purchase. Here’s a look at the pros and cons of using a contract plan with ValueCityFurniture.
The Pros of Using a Contract Plan with ValueCityFurniture:
1. You can save money on your furniture purchase.
2. You can get a low interest rate on your financing.
3. You can avoid having to go through the hassle and stress of dealing with banks and lenders.
4. You can be sure that you will be satisfied with your furniture purchase because you have control over the timeline in which it’s delivered to you.
5. You can receive monthly payments directly from ValueCityFurniture, which makes it easier for you to budget for your furniture expenses.
The Cons of Using a Contract Plan with ValueCityFurniture:
1. You may have to make monthly payments for a longer period of time than if you had purchased your furniture outright.
2. You may have to sign up for a long-term contract, which may not be appealing if you’re looking to buy furniture on an
Things To Consider When Buying Furniture With Bad Credit
When you are shopping for furniture with bad credit, it is important to be aware of some things to consider. First, make sure you understand the different types of debt that can impact your credit score. Secured and unsecured debt will both have an impact, but unsecured debt will have a greater one. Second, be prepared to put down a security deposit. This may sound like a big expense, but it is a necessary one if you want to qualify for a good interest rate on your purchase. Lastly, keep in mind that furniture can take up a sizable chunk of your available credit, so it is important to choose something that will fit within your budget. By taking these steps, you can ensure that your furniture purchase goes smoothly and that you get the best possible interest rate on your debt.
How’s my credit? Signs you need to improve your credit score
If you’re like most people, your credit score is something you care about a great deal. Unfortunately, if you’re not careful, poorcredit can have a big impact on your life. If you’re having trouble getting approved for a loan or car insurance, here are some tell-tale signs that you need to improve your credit score:
You’ve been injured in an accident.
You’ve filed bankruptcy.
You’ve missed payments on credit cards or loans in the past.
Your ratio of net worth to debt is high (>40%).
Your credit utilization (the amount of your total debt as a percentage of your total available credit) is high (>30%).