Sofas: Pay Weekly, Pay Monthly & Bad Credit Options
When it comes to living room furniture, there aren't many more important pieces than a sofa. Sofas are typically a central piece that helps to tie the room together, and you will have an extensive range to choose from to suit your decor and style.
Sofas provide a comfortable place to sit and relax with your family and friends. You will be able to buy individual sofas or a full suite that includes chairs.
Whether you are looking for corner sofas, modular sofas, leather sofas, a sofa bed, or the perfect fabric sofa to fit in with your home.
How much space you have will often determine the type of sofa you are looking for and can also impact the overall price, including delivery charges.
A new sofa can be expensive, and not everyone will have the means or want to pay in full. If you are looking for a new sofa for your home, there will be a number of finance options available from different retailers. This article will look at some of the best ways to spread sofa payments and some of the best shops that offer credit facilities.
Can I Pay Weekly For Sofas?
Many UK sofa stores offer customers the opportunity of paying weekly. Different stores will offer different terms, with some offering pay weekly with no credit checks and o% interest. If interest is to be paid, paying weekly can help to reduce the amount payable, though this will be a minimal difference.
Can I Pay Monthly For Sofas?
Paying your sofa monthly is another option for consumers to consider. Depending on the company you buy your sofa from, different finance options will be available, and you might even be able to choose how much you want to pay per month to suit your budget. This is a good option for people that are paid monthly and like to keep their finances organised.
Can I Buy A Sofa Now And Pay Later?
Buy now pay later is a good option for people who need a sofa and want to spread the cost at their convenience. Companies can offer different credit options, with many offering an interest-free period during which the total cost can be paid.
If the amount is not cleared by the agreed time, a lump sum of pre-agreed interest can be added to the total, resulting in the customer paying interest on interest.
Are There No Credit Check Options Available?
Many companies offer weekly payment options with no credit checks, which will be down to each company's policy.
What If I Have Bad Credit?
There are still companies that offer options to those with bad credit. Adhering to payment plans can be an excellent way to improve credit.
Are Rent-To-Own Options Available?
Rent-to-own or RTO options are similar to buying with credit. The mark-up on these options can be pretty high, making it an expensive option.
Can I Apply For Finance?
To apply for finance, you will have to meet the terms of the company providing it. This would usually include being over the age of 18, being a UK resident for a specified period, and proving you can afford repayments.
Stores To Buy Sofas On Credit
Studio
Who they are?
Studio is a multi-channel retailer that offers flexible payment options for an extensive range of products.
What do they sell?
Studio carries an extensive range of home and garden products, as well as clothing, electricals, toys, and jewellery.
What is the APR rate?
Representative 39.9% APR variable
How to order
You need to open a Studio account and will be able to pay using their flexible payment options or by debit or credit card.
How to obtain credit
You can apply for a credit account by clicking on the “Open an Account” option when placing your first order.
What are the payment terms?
You can choose to pay in full or take advantage of their shop now pay later terms. You will be able to wait for your monthly statement to pay in full for no additional charge or pay an agreed monthly amount to clear your balance over time.
HomeSmile
Who they are?
HomeSmile offers a hire purchase service to customers, allowing them to spread payment for products with ownership transferring on completion of payment.
What do they sell?
HomeSmile offers customers a great choice of appliances, furniture, entertainment, computing, and flooring.
What is the APR rate?
Fixed Representative APR 177.7%
How to order
To order, you would add the items you want to your basket and complete an application form. HomeSmile then conducts an affordability assessment and credit checks.
How to obtain credit
Credit is obtained by completing an application form and passing credit checks.
What are the payment terms?
Payment terms are weekly; you can choose between 25, 52, 76, 102, and 147 weekly payments when applying.
RJF Furnishings
Who they are?
RJF Furnishings is located in Birmingham and was opened in 2015. It is a family-run business that specialises in the home furniture.
What do they sell?
RJF Furnishings has an extensive range of beds, sofas, mattresses, furniture, bedroom furniture, and rugs.
What is the APR rate?
Representative 69.9% APR
How to order
Sign up for an account and add items to your cart before choosing your payment method. Alternatively, you can apply for finance and call the sales tea to place an order.
How to obtain credit
You will be able to apply for Snap Finance or iDeal 4 Finance by clicking the links on the RJF Furnishings site.
What are the payment terms?
With Snap Finance, you will be able to pay weekly or monthly with a term of up to 24 months. The pay-in-four option allows you to pay off your credit in four months to avoid interest.
iDeal 4 Finance offers 12-month 0% interest options with a 10% deposit.
Pay Weekly World
Who they are?
Pay Weekly World is an online store that offers customers the opportunity to purchase a wide selection of products and even offers free delivery and connection/installation.
What do they sell?
Pay Weekly World sells TVs, TV accessories, laptops, BBQs, hot tubs, lawn mowers, kitchen appliances, as well as sofas, living room, dining room and bedroom furniture.
What is the APR rate?
Representative 39.3% APR
How to order
To order a sofa from Pay Weekly World, you should browse the store to find the model you want. You will be able to click on the blue “Apply Now” button to apply for credit.
How to obtain credit
You will be able to check whether Pay Weekly World covers your area by entering your postcode. You will then be asked to enter some details, and Pay Weekly World will text to arrange a convenient time to complete the application process.
The process should take between 3 to 4 minutes to complete, and your name must be on your mortgage or tenancy agreement. Anyone that has declared bankruptcy or has an IVA or DRO will not be able to apply.
What are the payment terms?
You will be able to choose between 12, 18, 24, and 36-month terms. When choosing a sofa, you can see the cash price to pay in full, the number of weeks each term lasts, the total you would pay over this period, and the weekly amount payable.
ManoMano
Who they are?
ManoMano was launched in 2013 by Christian Raisson and Philippe de Chanville as a way to revolutionise the DIY world. As well as offering an extensive range of DIY products, ManoMano also has an excellent collection of home and garden products.
The company helps customers across the UK and Europe to create the homes they want.
What do they sell?
The categories available to explore at ManoMano include a garden and outdoor, tools, home and living, bathroom, heating and plumbing, lighting, electrical, flooring, animal care, kitchen, hardware, appliances, building materials, and paint.
What is the APR rate?
The only credit facility available when buying a sofa from ManoMano is interest-free via PayPal.
How to order
Browse the ManoMano site to find the sofa you want. When you find the perfect sofa for you, click to add it to your basket. You will then be able to enter your delivery details. You can pay using Visa, PayPal, Mastercard, or bank transfer.
How to obtain credit
The only credit facility is available through PayPal and is known as ‘Pay in 3'.available through PayPal There are no set-up fees, and it is interest-free but will be subject to approval from Paypal. You can select ‘Pay in 3' to pay for items between £30 to £2,000.
What are the payment terms?
The cost of the product will be split into three, with the first payment made immediately. The following two payments will be made on the same date over the following two months.
Pay Per Week
Who they are?
Pay Per Week is a service that offers customers a way to spread payments for a wide selection of products.
The pay-weekly site is perfect for people with no credit history or bad credit as no credit checks are carried out, and all applicants are pre-approved.
What do they sell?
Pay Per Week offers a great selection of essential products for the home and garden, including flooring, beds, sofas, furniture, and BBQs.
What is the APR rate?
Pay Per Week differs from many weekly payment companies as they don't charge interest. The cost of the product will be broken up into weekly amounts across the term of the contract.
How to order
Search for the sofa you want and click on the ‘Enquire Now' button. You will be transferred to a new screen that asks for your postcode and to fill out a contact form. A home visit will be arranged with a consultant to speak to you within 48 hours. Placing a deposit will secure an order on the day of the visit.
How to obtain credit
No credit checks are required, and your local sales consultant will be able to arrange the purchase of your new sofa.
What are the payment terms?
You will have the option of paying weekly or monthly, and you will also be able to select the amount you want to pay as a deposit, reducing your payment terms. You will then be able to select how long you want to spread the payments up to 150 weeks.
Pay Weekly Carpets & Vinyls
Who they are?
Pay Weekly Carpets & Vinyls is a family-run business launched in West Yorkshire in 2015.
They have depots across the UK in Scotland, Belfast, Birkenhead, Swindon, Colchester, and more.
The company self-finances, so no credit checks are necessary when ordering.
What do they sell?
As well as specialising in carpets and flooring, Pay Weekly Carpets & Vinyls also sells beds, sofas, and mattresses.
What is the APR rate?
Pay Weekly Carpets & Vinyls offer a 0% interest service, allowing customers to concentrate on their weekly payments without additional costs.
How to order
Browse the selection of sofas to find the one you want. Pay a deposit and agree to the terms of the product.
How to obtain credit
Credit can be obtained by placing an order and agreeing to the Pay Weekly Carpets & Vinyl terms and conditions.
What are the payment terms?
The terms will be provided at the point of purchase. You will be advised of the weekly payment due and the length of the contract terms.
Pay Weekly Sofas & Beds
Who they are?
Pay Weekly Sofas are a sofa specialist that is a part of KC Sofas Limited and is regulated by the Financial Conduct Authority.
They have a selection of finance options available to all applicants, even with a bad credit history.
What do they sell?
Pay Weekly Sofas has a great selection of fabric sofas, making it easy for customers to select the right sofa for their home. As well as sofas, Pay Weekly Sofas sell beds and mattresses.
What is the APR rate?
Representative 69.9% APR
How to order
You will be able to browse the selection of sofas to find the perfect option for you. Click the red ‘Add to Basket button and choose whether you want to pay in full or spread the cost with Snap Finance.
How to obtain credit
To get credit with Snap Finance at Pay Weekly Sofas, you must be over 18, have a minimum income of £200 per week, be a UK resident, have a debit card, and pay a £15 deposit.
What are the payment terms?
You can spread your payment over 24 months or use their ‘Pay in 4' option. Pay in 4 allows the customer to pay their credit off within four months for the interest to be cancelled.