Building credit can be a daunting task. Without a history of on-time payments, it can be difficult, and sometimes impossible, to secure a loan or credit card. Thus, this introduces the classic dilemma so many find themselves in: being unable to improve your bad credit score since no one will give you credit.
In fact, in April 2016, only 20% of Americans had a credit score ranging from 800 to 850, which is considered excellent. For the many struggling with poor or bad credit, there are several alternative methods for rebuilding credit or establishing a credit history.
When to Choose Financing For Furniture
If you are furnishing a new home or apartment, this situation is ideal for furniture financing.
Did you know that the average lifespan of a sofa is roughly 8 years? Old and tattered furniture can be a major eyesore and risk for causing back and neck pain. Wobbly tables and chairs should be replaced immediately for safety concerns. When moving to a new location, financing for furniture can help save on moving costs, since your old furnishings may not be worth the transport.
According to ApartmentTherapy.com, the American consumer pays an average amount of $800 on a new sofa. As a general rule of thumb, the total spent on furnishings should not be more than 50% of the value of the home. A furniture financing calculator will help you understand your price range and plan ahead.
Choosing the Right Lease-Purchase Program For You
Unfortunately, finding the right furniture financing option can be as difficult as your original predicament. Luckily, Okinus offers efficient and easy to use lease-purchase programs with no credit needed financing. This means whether you are rebuilding credit or have just started building credit, you are eligible to start financing for furniture with Okinus credit solutions.
Okinus offers instant approval of up to $5,000. This means you won’t have to experience long waiting periods or rejection. The option of 24-month terms provides low payments as well as the opportunity for early payment options.
Along with zero down furniture leasing, Okinus offers financing for appliances, glasses, and HVAC systems. These lease-purchase programs are flexible, easily accessible, and provide the two-pronged benefit of furnishing your home with affordable amenities while simultaneously boosting your credit score. For more information, contact us today!