Fridge Freezers: Pay Weekly, Pay Monthly & Bad Credit Options

Being able to store food by keeping it refrigerated or frozen was one of the biggest innovations in history, as it allowed people to keep food fresh longer and be able to plan for the future. Not to forget the impact on health having food fresher.

A fridge freezer is, therefore, an absolute necessity in the modern-day. Unfortunately, while fridge freezers are necessary to live, they do not necessarily come cheap if you decide to purchase one outright.

Thankfully, you no longer need to save enough money to buy one outright anymore, as thankfully, there are multiple options to choose from when it comes to purchasing or renting an item these days.

This means you will be able to store your food in a fridge freezer, so your frozen food can stay frozen without hurting your bank balance all that much.

Below we will discuss the different options available to you when deciding how to purchase a fridge freezer and the different stores that support these options.

Can I Pay Weekly For Fridge Freezers?

There are a wide variety of stores that allow you to purchase appliances like fridge freezers, such as Pay Weekly World, HomeSmile, Studio, Hughes Rental, and Forbes Rental.

All of these stores provide consumers with the option to either pay for fridge freezers in weekly instalments or rent a fridge freezer and pay weekly. This will allow you to afford a fridge freezer that is to your liking, almost regardless of how much you earn on a weekly or monthly basis.

Unfortunately, as with everything, there is a catch, as paying for a fridge freezer on a weekly basis will mean that you will generally end up paying more for the appliance than if you were to buy it outright.

If you miss a payment, you will also be liable to pay late fees, which will cause you to pay even more than what you originally expected.

Can I Pay Monthly For Fridge Freezers?

If you would rather pay for a fridge freezer monthly instead of weekly, a good few stores and online retailers still support this.

One of these online retailers is Appliances Direct, as they have integrated fridge freezers, retro fridge freezers, stainless steel with energy rating and ice dispenser, extra storage space, and many other fridge freezers options, so you'll be sure to find one you like.

You will be able to pay for these products on a monthly basis and eventually own them when you have finished paying your instalments.

Paying monthly, unfortunately, will still cause you to pay more for a product than if you were to buy it outright, although you may incur less interest.

If you miss a payment or your payment bounces, you will still be liable to pay late fees, so you should be sure to have enough money to at least cover your instalment every month.

Can I Buy A Fridge Freezer Now And Pay Later?

There are various buy now, pay later options available to consumers. This is a great option if you need a fridge freezer right away but don't have enough cash to pay for it right then and there.

Consumers should, however, still be careful, as interest rates can be extremely high if you don't pay for the item in the required period.

Are There No Credit Check Options Available?

A good few online retailers offer no credit check options, although it will somewhat limit your options. Some of these retailers will perform a soft credit check that won't show up on your credit record.

If you have ended up with some credit by making some poor financial decisions, then you will still be able to receive credit, provided that you have not declared bankruptcy.

What If I Have Bad Credit?

Having bad credit will definitely make it more difficult to apply for credit, but thankfully, there are still some companies that will offer you purchasing options if you have bad credit.

Paying off an item on credit through one of these services can also help you work towards improving your credit as well, so it is not a bad option.

Are Rent-To-Own Options Available?

Consumers should have a wide variety of rent-to-own options available to them. Unfortunately, this is not always the most cost-effective option, as the interest rates can sometimes be quite a bit higher.

Renting to own will, however, eventually allow you to own the product you are renting, as opposed to normal renting, which can leave you with nothing regardless of how much you have paid.

Can I Apply For Finance?

Consumers will be able to apply for finance so long as they don't have bad credit and meet certain criteria, which will usually be company-specific.

Some of the criteria that need to be met are the fact that the consumer must be over the age of 18, have lived in the UK for a specified period, and be able to provide proof that you will be able to afford the instalments of the product you wish to buy.

Stores To Buy Fridge Freezers On Credit?

Appliances Direct

Who they Are?

Appliances Direct was founded in 2008 by Nick Glynne. The company has come a long way since then and now has access to three warehouses based in Elland, East Midlands, and Huddersfield.

The staff complement is 600 strong, and the company has 50 vans, which they use to deliver their products.

What do they sell?

Appliances Direct has a wide range of electronic products. If you are looking for a frost-free fridge freezer or even a smartphone, they will likely have it in stock.

They normally stock TVs, audio equipment, cookers, fridge freezers, airconditioning units, smartphones, cleaning appliances, garden equipment, bathroom fittings, and even smartphones.

What is the APR ate?

The APR rate of Appliances Direct is 21.9%, as they only offer PayPal Credit as an option. Alternatively, Appliances Direct also offers PayPal in 3, which allows you to split the cost of a product into three interest-free instalments.

The first payment will be made when you order a product, while the other two will need to be paid within 60 days.

How to order?

To order an item from Appliances Direct, you will either need to apply for credit from PayPal Credit or pay for it with a debit card or credit card.

You can then choose to either have the product delivered to your home or you can collect it from an Appliance Direct store.

How to obtain credit?

Applying for PayPal Credit is, thankfully, quite simple. You just need to add a product to your cart that costs more than £99, select PayPal Credit when checking out, and then complete your application through the PayPal app or website.

After completing these steps, you should know whether you will be eligible for credit or not.

What are the payment terms?

If you decide to use PayPal Credit, it will work like any normal credit card would. However, if you use PayPal in 3, you can pay for the product in 3 interest-free instalments.

Pay Weekly World

Who they are?

Pay Weekly World is an online electronics retailer that allows consumers to pay for electronic items on a weekly basis, which is fitting considering its name.

Consumers also have the option to pay for items on a fortnightly or even monthly basis if they wish. Pay Weekly World can also install or connect your products for an extra fee.

What do they sell?

Pay Weekly World specialises in electronics, so they sell fridge freezers, TVs, TV accessories, computers, furniture, vacuum cleaners, dishwashers, cookers, laundry appliances, and gardening equipment.

What is the APR rate?

Pay Weekly World has an APR rate of 63.4%, which is rather high, but an upside of using the service is that the company does not perform any hard credit checks.

How to order?

If you want to purchase a fridge freezer from Pay Weekly World, it is, thankfully, not all that difficult. You need only select the fridge freezer that you want to purchase, add it to your cart, and then click on the apply now button to apply for credit.

If you are eligible for credit, then it won't be too long before you receive your new fridge freezer.

How to obtain credit?

To be eligible for credit from Pay Weekly World, you need to be within their coverage area. You will be able to find out if you are within the coverage area by entering your postcode.

After entering a few other details, you will be contacted by Pay Weekly World so that they can arrange a time for you to complete the application process.

To be eligible for credit, you need to have your name on a mortgage or tenancy agreement as a safety measure so that they know who to contact if payments are not made.

You will not be eligible for the credit if you have declared bankruptcy, have an IVA, or a DRO.

What are the Payment Terms?

You can pay on a weekly, fortnightly, or even monthly basis.

Forbes Rentals

Who they are?

Forbes Rentals is an online retailer that focuses on appliances and TVs. You cannot purchase any of the items from the store, as they are only available for rent and are not rent-to-own.

What do they sell?

Forbes Rentals sells appliances and electronics, such as fridge freezers, cookers, mobility scooters, vacuums, and laundry appliances.

What is the APR rate?

Forbes Rentals does not have an APR rate as you will never be able to purchase the items you are renting from them. While this may mean you will not pay any interest, you will no longer be in possession of the product at the end of the contract.

How to order?

It is easy to order items from Forbes Rentals, as you can apply online, after which a member from the support team will contact you, and you should then be able to schedule delivery.

How to obtain credit?

Once you apply to receive a product to rent, you will be called by the support team if any other information is needed. Forbes Rentals will then check your credit, and you will be contacted to inform you whether your application has been accepted or not.

What are the payment terms?

The payment terms and contract with Forbes Rental will depend on whether you want to rent a new product or a refurbished product. The contract for new products will last for 18 months, while the contract for refurbished items will last for 12 months.

Hughes Rental

Who they Are?

Hughes Rental is an online electronics retailer specialising in the rental of electronics.

What do they sell?

Hughes Rental rents electronics like cookers, dishwashers, tumble dryers, fridges, TVs, video game consoles, computers, vacuum cleaners, fridge freezers, and cookers.

What is the APR rate?

Hughes Rentals does not have an APR rate, as you will not be able to purchase any of the products. You will only be able to rent the products and not rent-to-own.

How to order?

Once you choose the product you want and have been confirmed as eligible to receive credit after filling in some forms, then you will be able to receive your product.

How to obtain credit?

To be able to rent a product from Hughes Rentals, you will need to be over 18, and you will be subjected to a credit check. If these requirements are met, you can have your product delivered.

What are the payment terms?

The minimum period you will be able to rent a product from Hughes Rentals is 12 months.