Debunking 5 Myths About Furniture Financing

Furniture financing is surprisingly controversial. Too many people believe false information about financing options that they heard online or from a friend who didn’t get what they wanted. To find the truth, you need to do your own research. We’re happy to help you with that research process so that you can make an informed decision when furniture shopping. Keep reading to debunk five myths about furniture financing in an effort to can get the furniture you want at a price you can afford.

You Need a Good Credit Score

One of the first myths people believe about furniture financing is that you need a good credit score in order to get the furniture you want. While having a good credit score won’t hinder the financing process, having no credit or bad credit won’t hinder you either.

Financing Will Hurt Your Credit Score

Many people have heard that financing furniture will hurt their credit score. This isn’t true. As long as you make your payments on time, financing won’t hurt your credit score. If you have no credit or bad credit, making these monthly payments could even help your credit score since the payments will be smaller than other traditionally financed purchases, such as cars and houses.

You Need to Put Money Down

Another myth many shoppers believe is that they have to put money down before they can bring their furniture home. While that may be true at some furniture stores, Grand has an option that includes no down payment. That means you don’t have to scrimp and save for months just to hand it all over and start financing; you can just take your furniture home.

There Are Crazy Interest Rates

Interest rates for furniture financing can change due to multiple factors, such as how many pieces you’re buying and how long of a payment plan you want. Don’t write off furniture financing before even learning what the interest rates will be for your purchasing situation. And keep in mind that Grand offers options that include months of no-interest financing.

Your Financial Information Isn’t Safe

You may have heard that when you finance furniture, any store employee can see your financial information. At Grand, we promise that your financial information will be kept safe. You can even get prequalified online at home so that you can come in with an offer that you safely obtained.

We’ve debunked five myths about furniture financing so that you can confidently start the shopping process. If you didn’t trust financing but can’t afford furniture without it, you now know that it’s a safe option for you and your wallet. At Grand Furniture, you can buy furniture on credit to get the furniture you need at a price you can afford. Come into our showroom today to see our pieces in person and start your shopping experience.