Where Can I Finance Furniture with Bad Credit

Updated on December 26, 2013
T.K. asks from Grand Prairie, TX
28 answers

I need a new bedroom set, but my student loans have demolished my credit. I don't want to rent to own. I just want to buy nice, good quality furniture and make payments. I have good income and a long time on my job, so, do you know any stores that will work with me? Craigslist is kind of out because I don't have a truck. When I buy something big on Craigslist I have to rent a uhaul for $30 with a $250 deposit, then pay 99c a mile. I have to talk my honey into doing it and trying to pay someone to help. It seems like I always find what I want in Plano or some other really far place. SO, I end up getting, someone elses rejects, not what I really wanted, and having a pain in the butt and a lot of expense getting it home and put up. Wouldn't it be lovely, just once, to buy something new, under warranty, and have it delivered and set up.

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So What Happened?

I'm paying back my student loans. But I will be paying them back for the rest of my life. I do pay my bills on time. But my student loan debt is hgiher than my available credit - therefore it has a very negative impact on my credit. There is no quick and easy fix for my credit problem. I NEED a new bedroom set because the mattress was given to us years ago and it was in terrible shape then. It is supported by stacks of books. It has gotten to the point that my husband and I are in pain. He works really hard, back breaking physical labor and deserves a good nights sleep. We need dressers because we have clothes all over the place! It's a source of contention in our relationship. I work hard and I want a nice, calming, clean bedroom. We work hard, we tithe, we deserve a decent bed. I will more than likely do Craigslist, as usual. But saving $ for a few months doesn't really work out because I am a giver to the core. I will save for something I want and then my daughters car will break down, or the kids will get a great opportunity to go do something fun, or somthing else will come up. So, sometimes, I just have to stop in my tracks and do something for myself. If I Iet not having good credit stop me, we wouldn't have a decent car right now. If I waited until my credit improved - well, I'll be dead by then.

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answers from Chicago on

Try craigslist or bookoo.com ..........people are getting rid of very nice stuff these days for very cheap. Cash is King

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answers from Los Angeles on

I know this is not a direct answer to your question, but it is a direct answer to your problem. Bad credit is a PC way of saying you didn't pay your bills on time. You say you "need" a new bedroom set. Unless your old set is partially destroyed by fire or flood or something similar your real "need" is to repair your credit and to learn the difference between a "need" and a "want".

If you can learn to tell the difference between "need" and "want" and only buy the "needs" and save and invest the rest, you can become rich and live well. One of the few smart things congress ever did was to exempt student loans from bankruptsy.

Mamapedia has had numerous questions about saving money and spending less for what you "need". Read them and learn. Salvation Army, Craigslist, and a site for giveaway items are there to help you with the "need" furniture at inexpensive prices.

If you have any other questions or want more suggestions for saving money, e-mail me. But, I'm taking my wife on a cruise for her birthday, so I won't be back for 10 days to answer your questions. (I bought my needs and saved my wants so I could show my love and honor my wife with this cruise.)

Good luck to you and yours.

6 moms found this helpful


answers from Jacksonville on

If you can afford to make payments, then don't make payments. Save your "monthly payment" for a few months and then just pay cash for whatever you buy. Sure, you will have to wait a little longer to purchase and get the benefit of using it, but you will also be in a better bargaining position when you go to buy, will not have any payments to worry about, and will be more likely to buy what you can actually afford rather than what you can "afford to make payments on"... which are usually not the same thing.

Also, consider visiting some estate sales or going on Craigslist.

I JUST went on Craigslist (local listings) and the first thing there was a 5 piece hardwood Bassett Queen bedroom set (dresser/mirror, tall dresser and head/footboards, including mattress & boxspring) for $400. There are photos too. Most furniture listings will show photos. The one I saw probably cost about $1500 new, or more if you included the mattress/boxspring. So definitely check it out where you are.

I would also recommend reading Dave Ramsey's book or enrolling in a Financial Peace University class somewhere near you. After reading your additional information, it sounds like you might need to adjust your perspective regarding giving. Teaching your kids money management skills and how to save for things (including emergencies) is a valuable skill to teach (GIVE) to them. Perhaps you could teach them those skills through example rather than giving monetary gifts, while you save up for a bed/dresser.

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answers from San Antonio on

8kidsdad just said exactly what I was thinking!!!

If you have student loans and a good income, pay those babies off yesterday, then save the money and pay cash for a bedroom set.

I have been married 20 years. We have a "bedroom set" consisting of my old dresser and 2 old tables, my husband's bed frame and dresser from his first apt, and a nightstand from my aunt---and none of it matches. I would love a new bedroom set. But I don't need a bedroom set.

We have 3 teen age boys who are on track to go to college. Four years ago, one child got hurt and needed over a year of phys. therapy and doctor's visits, and my in laws needed help with a major home repair recently. We might get a new bedroom set someday....might not. I personally believe in the big scheme of things, it doesn't matter.

If you finance anything with your credit...car, furniture,... you are going to pay thru the nose until your debts are gone. Some might work with you, but you are going to hate the rates and the terms. A huge red flag goes up to any potential lender when they see your current status. So change it and go with furniture later on.

Best of luck.

5 moms found this helpful


answers from Benton Harbor on

You sound like a generous person, and I'm sure you deserve something nice for yourself. But do you really need a matched set of furniture? I sure don't mind the look of hodgepodge furniture in my bedroom--no two pieces are alike; they were purchased at different places and times. We lived without a headboard/footboard for a long time--we just had our mattress and box springs on a frame. It sounds like you mainly need clothing storage and a new mattress. Check Big Lots, Sam's Club, or even online for a mattress. Find some dressers at a yard sale, thrift store, or whatever. One of my most treasured possessions is my huge, solid Heywood Wakefield clothing armoire, purchased at a yard sale for $120.

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answers from Philadelphia on

Hi T.,
My husband makes good money and works really hard too! He and I have also have great credit. I tell you the truth when I say we never have bought a new bedroom set! We got our dressers, mirrors, night stand from a second hand store and the mattress was a hand me down from my mother. The bed frame was the only thing we bought new and we got it cheap from IKEA. I also splurged on a new bed set, sheets, comforter, pillows. So in total we only spent about $500.00 on our entire bedroom. You don't have to go buy new to make something nice or feel new to you. I don't know of any credit company that would allow you to finance with bad credit that wouldn't rip you off in the long run. If you have bad credit they make you pay are really really high interest rate. So all that to say that in the long run it's just not worth financing new furniture. There is no shame in buying second hand!

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answers from Pittsburgh on

Save up til you have enough ca$h. Dave Ramsay, Dave Ramsey, DAVE RAMSEY!!!!

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answers from Dallas on

If you have a good income, then make payments to yourself a few months and then go pay CASH.

Try Craigslist, garage sales. Don't go into more debt.

3 moms found this helpful


answers from Columbus on

A rent to own place might be your only option w/ bad credit. With this economy stores have really tightened down on who they give credit to. I did a rent to own before and the place I went to did 6 months same as cash so in the end I didn't end up paying interest but will still able to make monthly payments.

I know how frustrating it is to make good money but bad credit. I messed mine up when I was younger and it took me several years to get it back up (still working on it).
Good luck!

3 moms found this helpful


answers from Lincoln on

I would highly recommend looking on Craigslist for nice furniture. You can get great deals and if you make good income you should be able to redo your bedroom in just a couple of months. You will thank yourself later if you stop yourself from getting into more debt now.
I bought all new furniture on credit because I needed new furniture. However, after a short period of time I totally regretted it!! I had paid hundreds of dollars when I could have gotten nicer furniture used for less than half the price. All that debt is a huge burden.

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answers from Charlotte on


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answers from Missoula on

I agree with most of the other posters. Save your money and buy the furniture outright. Financing furniture is almost never a good idea, financially speaking, especially considering the terms you will get with poor credit.
If you students loans "demolished" your credit, it likely means you borrowed more than you could afford and have or have had trouble paying them back. Why take on more debt, especially for something like a bedroom set, which no one really "needs"?

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answers from Denver on

I have my aunts bedroom set from when she was a girl....It was pickle finished and just didn't work for us anymore. So I broke out the paint and finished it myself. Note: I'm NOT a crafty person. At all. But if I can do this, so can you.

If you have a little bit of time/inclination, go to a thrift store but a decent shaped headboard/footboard. The find a dresser made of wood, something decent shaped. And a nightstand or two.

Get some dark brown oil based paint. Paint all the furniture. Then get some ebony wood stain, pour some on a rag and wipe the rag over the dried, painted wood. It will leave streaks that are surprisingly like wood streaks. Once it's done put polyurethane over it all, it seals the look. (I sanded minimally, the oil based paint will cover and stick to, darn near anything)

I painted my headboard/footboard and vanity in a couple hours. It took maybe 30 mins to add the streaks. Another 30 for the urethane. I got the bedroom set I wanted with a $5 outlay for a trashily painted, but still solid, nightstand and another $20 in paints. My bedroom looks like something out of pottery barn and it cost next to nothing....I drooled for years over a new set in the PB catalog.

I splurged on a new pillow set/duvet set form the Bed Bath and Beyond outlet store.

Save up for a new mattress set and buy new. With the bedbug thing going on I personally wouldn't buy a used mattress form my best friend, let along a stranger on CL.

I know what you mean about wanting something coordinated and inviting in your bedroom. You do deserve it!! Sometimes it takes a little creativity to get there :)

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answers from Springfield on

Big Lots/Odd Lots is doing this, but I have no idea what the rate is.
A lady talked to the manager while I was waiting in line. He told her if she could wait until a certain day, the furniture would be 70% off retail.
He also said mattresses would be another 40% off. This was probally the big Labor Day sale, but maybe you could ask them to match that price?
I personally am afraid of credit since something always comes up in my life that wrecks my budget.

I took 10 years to pay off my student loans. I know how hard it is and how hopeless it feels. I lived with stained furniture and felt terrible when people asked me about it and acted like I must be wasting all my money or I could afford better. I stopped letting people come in who were not real friends because I didn't need to be put down.

After paying on time for ten years, my FICO score jumped to over 800, which is like an A rating. I hated having no vacations and living in debt, but when I went to get a house loan, I got offered the BEST rate. My friend didn't pay hers and can never get a house loan at any rate.

Plus, if someone tells you to take bankruptcy, don't. It can't cover student loans or I would have done it when I got hospitalized with no insurance.

My friend told everyone she knew she was looking to buy a cheap, good bedroom set. Her friend wanted a new set and sold her a $2600 solid wood set with fancy mattresses and bedding for $500.

I personally have seen neighbors sell things for 10-25 percent of the new cost because they were moving and not taking it with them or they were getting a divorce. Let people know. My mom has seen people in need and given them furniture FREE because they were working hard and trying. She and I both remember how hard life can be. I had a neighbor give me a mattress that was only three years old because she decided to buy one of those fancy beds on tv. I had mentioned to her that I was going mattress shopping or she would have set it on the curb.

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answers from Dallas on

Make that payment to yourself (save up what you would be paying in payments, basically) and pay for the furniture with cash. This way there is no interest and no hassle. Everybody takes cash:).

I know someone said it was rude to just post something like this when all you're asking is to find a place to buy, but I disagree. Instead of getting yourself into a worse bind financially, many people here are trying to help you see some error to your thinking. Dave Ramsey has a wonderful plan and by following it you can finally see some hope. Don't ruin your life anymore by drowning yourself in more payments...especially for some furniture that will undeniably be old/out of style within just a short period of time.

And no, you don't deserve it unless you can pay for it. You deserve to make a better life for yourself through hard work and discipline. You will feel better about things and actually have something to show for it.

I'm speaking from experience. We started Dave Ramsey's plan almost exactly a year ago and we've had a $15,000 on a $32,000 salary. We've paid off $12,000 in debt, cash flowed $2000+ worth of dental work, and we have a mini emergency fund of $1000...not to mention we've had a couple of emergencies so we've refunded that emergency fund twice. I stay at home with my kids and we live well. It can be done.

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answers from Phoenix on

I buy almost all of my furniture second hand and get compliments on it all the time. I tend to buy solid oak because I love it and it lasts forever. You already said you aren't going to do Rent to Own, that's smart. My ex inlaws did that with a $600 TV and by the time they were done making payments they had paid over $3,000 and I'm not kidding! Anyway, maybe save up several hundred and keep your eye out at consignment shops (tell the manager your price range and what you are looking for and ask them to call you when something comes in). Good luck!

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answers from Austin on

www.daveramsey.com. Read the book The Total Money Make-over by DaveRamsey. And then enroll in Financial Peace. And get control of your money instead of letting your money control you.


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answers from New York on

Most furniture stores will probably work with you, but expect to make a large downpayment and pay an extrememly high interest rate. Furniture stores charge people with great credit high interest rates (unless you qualify for those no interest...but if your late watch out).

If you have a good income, then you can save up to make your purchase. Make that monthly payment to your savings account. Is it that you NEED to buy some furniture now, or that you WANT to have something new? If your in NEED, buy something used, check out yard sales, craigs list, thrift stores.

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answers from Dallas on

I don't want to sound like I'm judging you, but if your credit is bad because of student loans, why not use the good income you have to just knock them out (pay more than you are supposed to) in order to get them gone before you buy furniture? Don't rent to own, just wait. If you haven't heard of Dave Ramsey, I'd check him out and his plan before you do anything else, especially like take out a loan for furniture. That is a want, not a need. If you really want to do it right, save that good income you are making until you can save enough for your bedroom furniture and then pay cash for it! You'll feel so much better not having that debt.

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answers from Norfolk on

Renting furniture is such a bad idea. You end up paying so much more than it's worth, and when you have credit problems, it can make things so much worse. Craigslist, Freecycle, etc will help you find something affordable. The only truly new things you need is a mattress and bedding and some people will just put a mattress on the floor for awhile. If that does not appeal, you can raise it up with some plywood and cinder blocks. Not elegant but very affordable. You could wait till you have the cash and in the mean time, shop around and be aware of when stores have sales and deals. What's the rush?
Additional: "You are a giver to the core". You are completely correct - you WILL being paying down debt the rest of your life if you do not get a handle on your finances. So give to yourself first. After you receive your paycheck, the FIRST thing you 'pay' is a set amount into a savings account. Every paycheck - no exceptions. Just my opinion, but charity begins at home - namely yours - and to tithe when you have debt? Well, it makes no sense to me. Is the church (religious group. whatever you tithe to) helping you with your bedroom furniture, daughters car troubles (Is she an adult and working and if she is, why isn't she paying her own bills?), and other emergencies that pop up? Maybe some places will, but most won't and the tithing would be the first thing I would put a stop to. (Yeah, I'd fry in hell, but I'll worry about this life first before I deal with the afterlife. One life at a time, please.) Good luck.

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answers from Dallas on

T....I, too have issues with credit and student loans, etc. My husband and I both have good jobs that pay decent and we work hard. I know exactly what it feels like to need something knowing you cannot 1) afford to just go buy it, 2) get approved to get it on credit, OR 3) save for it. We have been married 12 years and EVERY piece of furniture we have is hand-me-down, rent-to-own, or Craigslist stuff. True, with rent-to-own, you pay WAY more than if you could just buy it, but for some of us, that is the only realistic option. If you can afford the payments, and don't just get into further trouble there, I don't see anything wrong with it. We are about to pay off our living room furniture from Sam's Furniture in Haltom City, and once that is done, we will be going to Mattress Giant to get a desperately needed new bed (they have a no-credit-check payment plan and layaway...sleep number stores also offer layaway -- I know with layaway you don't get your purchase right away, but at least you know it's coming sooner than having try and foot the whole bill up front OR worry about getting 'approved'). Dave Ramsey...my dad is a big fan of his ideals and advice, and has thrown that advice out there for us, but he himself has not been able to get to the point of following Dave's 'rules'. Everyone spends money differently and whatever works for you, just do it. No one will ever understand your individual situation no matter how much you try to explain.

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answers from Dallas on

I'm so sick of Moms posting unwanted advice. Hey Moms, she didn't ask for a lecture. If you don't know the answer to her question, move on!

T., I know credit problems are difficult. I heard that conn's does in-house financing, which sometimes can be much more lenient than third-party lenders. I also think mattress giant does no-credit-check financing. Not sure the details on that one though.

I usually buy through craigslist. it takes some shopping around to get something good, but usually I can get some really nice stuff for a fraction of the price. I'm ok with hand-me downs though, a bargain makes me happy, lol.

Good luck!

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answers from Dallas on

Save some cash and pay by cash аnywhere you want.

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answers from Las Vegas on

My first apartment was furnished by Fingerhut. Back then you made a ridiculously small payment for several years. I am not sure if it is done the same way, but you can give it a try. http://www.fingerhut.com/

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answers from San Francisco on

I don't know what they do with bad credit, but Macy's is a good place to buy furniture. Good quality furniture, usually good payment plans.



answers from Chicago on

I agree with some of the other posts...

Do you NEED a new bedroom set? I mean a wash machine, yes. A refrigerator, yes. But a bedroom SET?

If I were you, I think I'd focus on saving for it. Paying for it either in cash or with a credit card (if you still have one) and then IMMEDIATELY pay it off. Paying in cash will not work to repair your credit history. Paying with a credit card and paying it off will.

Also, there are lots of great deals on Craigslist, Freecycle, etc. You may not get it now and it may not be new, but you can ask questions about the condition. I know when I lived out of state for awhile, then decided to leave, we had a 1 yr old queen sized mattress and other furniture that weren't worth moving. There are many people in this situation who need to "unload". I think this may be a better option for you. However, again you will need to be able to pay cash, or get it for free, well used.

Finally, another option may be to ask stores about a floor model sale. Obviously the items have been "used" on the floor, but it would give you a "set".

Again, I can't emphasize enough...if you have bad credit, don't "make payments" on something. It just perpetuates your problem. In the long run a $1000 will cost you MUCH more just in the interest alone.

And about your "demolished credit" was this your fault? Have you tried contacting the company/creditor that posted bad info about getting it taken off or anything?

I once had a "bad"/negative mark on my credit score. I contacted the company repeatly in writing and got the bad info taken off. There are many books out there. You can easily get one from the library to learn how to phrase the letter and know who to send it to to address your issue.

Obviously if it was "your fault" little may come of it. BUT STILL TRY!

Do yourself a favor and save for a set if you really think you need it. In the meantime, check out diff used sites. You may find a good deal. We've gotten and given lots of great stuff from Freecycle. I think that's a great resource for you.

Best wishes!



answers from Tampa on

Do you have Rooms to Go or Kanes furniture? Why not try craigslist? I bet people are "giving" away nice furniture at a low cost. Then you just have to buy a new mattress.



answers from Dallas on

Try Mattress Depot at 1301 U.S. 287 Frontage Rd, Mansfield, TX they go off what you make each month at your job to base your payments off of but they will finance you with bad credit as long as you have not had any returned check fees in the last 4 - 6 month as they draft your payments straight from you account. Hope this information helps someone.

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