First, how much do you expect to spend on your living room set?
Online Lending For Furniture
You might think that the only place you can finance furniture is the retailer, but you might be surprised. Online lending can also get you the money you need to buy a new living room set and it comes with several benefits. Take a look at just a few of the reasons to finance online and then learn how to get your offer.
Bad Credit Is Not The End
With most furniture store financing, if you bad or even poor credit, you will get denied. Online lending is a bit different for several reasons.
First, you have many more lenders. There are dozens of different lenders in our lending group and they all have varying lending requirements. Second, many of the lenders in our group actually specialize in dealing with consumers with bad credit.
What this all means is that you may be able to get a yes from a lender in our group, even if you have already been turned down for living room set financing because of bad credit.
You Can Shop Any Store You Like
If approved for financing by one of our lenders, they will deposit money directly into your account. What that does is make you a cash buyer with all of the benefits that come with cash.
As a cash buyer you can, among other things, shop any retailer that you like. This allows you to get the perfect living room set for you and it gives you the ability to more effectively negotiate a good deal.
It Is Much Faster To Lock Up Financing
Finally, you have the wonderful benefit of speed. It takes just a few minutes to fill out a secure quote form and get a loan decision. You can then go about the more fun part of shopping for your new living room set.
Getting Your Loan Offer
There are obviously a lot of benefits of getting an online loan to use for living room set financing, so let’s take a little closer look at how easy it is to get a quote. Here is all that you need to do.
Enter Some Basic Information
First, we are going to need a bit of information about you and the loan you are seeking. Enter how much you expect to spend and then some information about your income and contact details. You will also need to provide a checking account number, because this is where your lender will send money. Remember, this is a cash loan and your lender deals with you only, not a retailer.
Get A Cash Loan Offer From A Lender
Next, if approved, you will receive an offer from a lender. You will be forwarded to this lender’s website where you can review the loan details. Take the time to thoroughly read the offer and ask your lender questions if need be. Keep in mind that your loan is between you and your lender. FYG will not have loan details.
Make A Decision To Accept Or Decline
Finally, with all the information in hand, you can make a loan decision. If you decide to accept the offer, you can usually handle the remaining details online. They, your lender will go about getting you your money ASAP. This can happen as soon as the next day.
But what if you do not like the offer? You can simply walk away. There is no obligation in simply getting a loan quote for furniture.
Buying Your Living Room Set
Once you have secured your financing, it is time to go shopping for your furniture. Here are some tips that may allow you to get the best deal.
Most Stores Use Just A Few Wholesalers
You might think that one certain store has the perfect living room set for you, but you might be surprised to hear that dozens of stores have the exact set. This is because most furniture stores use the same wholesalers to secure their inventory. Even the big chain stores use some of the same wholesalers as the mom and pop stores.
Furniture Has A Huge Markup
Most furniture has a tremendous markup and that may give you an opportunity to save. Sure, the retailer needs to make a profit, but there is no reason that you should not try to knock a few hundred dollars off the price.
