Would that sofa set look great in your living room? Can a stylish bed turn your master bedroom into your own personal sanctuary? Do you want a dining table that can accommodate everyone for the Thanksgiving dinner? Is your office furniture drab and dull? Well, if your answer to any of these questions is a ‘yes’, then you certainly need to invest in furniture. Furniture isn’t just for sitting or sleeping. It is a decorative embellishment that can turn a simple house to a loving home, a dingy office to a stylish cabin. Considered a decorative art, furniture can truly serve several functions and increase the value of your property. But in current credit crises, even the modestly priced furniture seems to be out of reach for most Americans. The reason- more and more people have bad credit, thanks to the dwindling economy and issues such as divorce, unemployment and medical emergencies.
But that doesn’t mean that you can’t have a home or office with furniture that reflects your sophisticated sense of style. All you have to do is opt for furniture financing!
As the term suggest, ‘furniture credit’ refers to loans and credit facilities available for the purchase of furniture. Since giving a makeover to home or office can be pricey, opting for loans can aid you in revamping your property without putting any significant strain on your pocket.
Benefits of furniture lending
Refurbishing- Old furniture can make your home look drab, while new furniture can ditch the monotony and add vitality, style and vibrancy to your home décor. The same goes for office. Revamped offices have a positive impression on clients, allowing you to clinch those deals!
Ensures Comfort- Having quality furniture at your home or office guarantees comfort. And at the same time, furniture financing ensures that everything is more convenient. While buying furniture in all cash can burn a hole in your pocket, financing helps you cover the cost through affordable and easy to make monthly installments.
Accessibility- Furniture lending options came into focus for one simple reason- they allow individuals to get loans for their furnishing needs. These loans extend accessibility of credit system in the country. Otherwise majority of people couldn’t access loans and revamp their interiors.
Furniture Credit Options
For buyers- A number of moneylenders and financial companies now offer a range of customized loaning facilities for buyers. This includes full loans for the purchase of furniture, monthly repayment or installments schemes and special approvals for those with bad credit scores. Individuals with credit score lower than 660 should opt for companies that use different credit scores for risk assessment and offer customized loans.
For sellers- Furniture selling can be a profitable business, especially if the sellers have a broader base of buyers ready to buy their products. That’s why a few companies team up with furniture sellers and offer branded financial products to potential customers.