Buying a new appliance or furniture is an exciting time, with innovative technology and designs offering a new way to go about your everyday routine. Because appliances and furniture can be a large and sometimes unexpected expense, financing is a great way to purchase the items you need without creating financial strain. At Goedeker's, we offer two special financing options, regardless of credit, to help you spread out the cost of purchasing furniture and appliances for stress-free shopping.
MySynchrony Financing is a line of credit offered to preferred Goedeker's customers who meet our approval criteria. This means that approved customers can purchase items without needing to reapply for credit each time.
Customers complete a fast, straightforward, and secure initial application process. Once your identity is verified, MySynchrony offers you a line of credit to use at Goedeker's checkout. Simply pay back the amount in the requested time frame, and your credit is renewed for future purchases.
For many of our customers, MySynchrony Financing offers a great alternative to using a credit card for purchases, but a MySynchrony line of credit also has several other benefits:
- Payments are interest-free if they are repaid within 12 months.
- Customers who meet the criteria can be approved in minutes.
- The online application is quick and easy.
- Funds are immediately ready upon verification of your new account.
- A continual line of credit is available at the store if you abide by the terms of the credit agreement.
- Securely manage your account online 24/7.
- Payments are affordable and spread out to reduce financial strain.
- MySynchrony credit can be used to purchase any items available at our store.
Our second financing option is a loan vs. line of credit. What's the difference? While a line-of-credit such as MySynchrony is a revolving amount from which customers can continually draw funds to pay for store purchases, a loan from American First Financing provides successful applicants with a lump sum up to $3,500 to cover the cost of their purchases, which is then paid back in regular installments.
At Goedeker's, we want all our customers to create the home of their dreams regardless of their credit. We offer American First Financing as a budget-friendly loan option, so customers with a less than stellar or no credit history can get the appliances and furniture they need to live comfortably with products they love.
For customers ineligible for MySynchrony Finance, American First Financing offers many advantages:
- Your credit score is not the only method used to determine eligible candidates, making it an excellent option for people with a mediocre or poor credit history.
- Applicants do not need a full-time job.
- Retired individuals, pensioners, and self-employed people who receive an income are eligible to apply.
- Non-U.S. citizens with a valid Individual Tax Identification Number can apply.
Applicants need to meet a few criteria before being approved for an American First Financing loan. Applicants must be over 18 years old and have a steady income of over $800 per month. They must also have an active bank account and submit to a credit check.
As with any loan or credit application, American First Finance performs a credit check to help determine your eligibility. American First Finance first performs a "hard credit inquiry," which means they view your credit report, payment history, and previous applications for credit.
While a credit check is a mandatory part of the application process, it is not the only method used to determine whether an applicant is creditworthy. This means that even people with limited choices for financial assistance can still apply for credit.
Once you have been approved for financing through American First, you receive a virtual card. A virtual card is a digital credit card that is accessible via an app on your phone or laptop after your loan documents have been processed. Your virtual card can be used for purchases in-store, over the phone, and online.
American First Financing makes repaying your loan simple and quick. Set up automatic payments to come out of your bank account on a specific day each month. Alternatively, transfer funds manually by accessing your account on American First Financing's website.
Whether you opt for a loan or a line of credit, appliance financing is an excellent way to afford appliances and furniture when you need them. Call Goedeker's at (888)-768-1710 and speak to our helpful staff about how our special financing options can help take the stress out of appliance and furniture shopping.
