Beds can have a far more profound effect on our lives than what we give them credit for. Sleeping on a worn-out old bed and mattress can give you a really poor night's sleep, leave you with back pain and fatigue, and may make you feel irritable the next day.

Having a great night's sleep or a good night's sleep, on the other hand, can leave you feeling rested, happy, and ready to tackle the day. Unfortunately, while everyone would like to have a good night's sleep, quality beds and mattresses do not come cheap if you want to purchase one outright.

Purchasing anything expensive in one large lump sum is, thankfully, no longer commonplace, which means there are multiple options out there for those who want to buy appliances and furniture without needing to empty their bank accounts.

You will, therefore, be able to have a good night's sleep on a new bed and mattress without the stress of money keeping you up all night! There are multiple rent, rent-to-own, and financing options available for customers who want beds they will be able to afford.

Below we will discuss all of the different options available to consumers when they want to purchase a new bed or mattress that will give them a restful night of sleep.

Can I Pay Weekly For Beds?

Thankfully, there are a wide variety of stores and online retailers that give consumers the option to pay for beds and mattresses on a weekly basis.

Whether this means renting, renting-to-own, or receiving finance and paying your bed or mattress back in instalments. Some of the stores that offer this include Pay Per Week, Pay Weekly Carpets, Pay It Weekly Now, Easy2Pay, Pay Weekly World, HomeSmile, and Studio.

These stores give consumers the ability to receive a bed if they pay weekly instalments, which can make one far easier to afford.

However, while paying weekly for a bed can make it easier to afford in the short term, you will end up paying far more for a bed in the long run, this way, due to interest being added to your weekly payments.

Missing a payment can also cause you to have to pay late fees, which run the cost up even further, so you should always ensure you have enough money in your bank account to afford your weekly payment.

Can I Pay Monthly For Beds?

Paying weekly for items like beds can sometimes be a hassle, so some customers instead prefer to pay monthly, as your payment can come off of your account as soon as you receive your salary, so you can get payment out of the way.

There are still quite a few online retailers and stores that support this option, thankfully, so you won't struggle to find a store that lets you pay monthly for a bed.

One of the benefits of paying monthly for a bed is the fact that you can choose the right mattress and bed frame for you and not one that just suits your budget.

Unfortunately, as with paying weekly for a bed, you will end up paying more than the standard purchase price of a bed by paying for it monthly due to interest being added to each monthly payment.

Paying monthly will, however, ensure that you pay less interest than if you were to pay weekly. Late fees will also still apply to you if you decide to pay monthly for a bed and end up missing a payment.

Can I Buy A Bed Now And Pay Later?

There is various buy now, pay later options when it comes to buying beds, which will allow you to get a great night's sleep for a while before a cent even leaves your account.

This is great for consumers that might urgently need a bed but do not have the capital to purchase one right there and then. This can give consumers just enough time for their pay cheques to come in.

Consumers should, however, be careful when purchasing items using this method, as if you don't pay for the item in the allotted time, you can be subjected to exceptionally high-interest rates.

Are There No Credit Check Options Available?

While there are fewer stores that offer consumers no credit check options, there are still stores and online retailers that support this practice.

Some of these stores may only conduct a soft credit check, which means that even if your credit is not the greatest, you may still be able to receive credit for a bed that you want.

Soft credit checks are generally there to ensure the customer trying to buy something on credit has at least not declared bankruptcy or has other serious liquidity issues.

What If I Have Bad Credit?

Having bad credit will significantly reduce the number of stores that will sell you a bed on credit; however, there will still be a few stores that will be willing to sell you beds if you have bad credit.

Buying a bed or any other item on credit from these stores can help you to improve your credit rating, so you can get back on the right track towards getting a good credit score again.

Are Rent-To-Own Options Available?

Hire purchase, or rent-to-own online retailers and stores have become relatively common over the years, so there should be a good number of them for consumers to choose from.

One of the drawbacks of rent-to-own plans is the fact that they can often cause you to pay higher interest than many of the other options available.

One of the upsides of rent-to-own plans, when compared with companies that only allow you to rent, is the fact that at the end of your contract, ownership will be transferred into your name so that you will be the owner of the bed in this case.

Can I Apply For Finance?

If a consumer has good credit and the means to pay for an item they wish to finance, then they should easily be able to receive finance for any item that they want.

There will, however, be some other criteria that will need to be met before your finance is approved. Some of these criteria include the fact that the person that wants to apply for finance must be over 18, must have lived in the United Kingdom for a specified time frame, and must be able to provide proof that they will be able to afford the price of their instalments.