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First, how much do you expect to spend on your appliances?
Online Financing For An Appliance
So, why should you apply for financing online when you can just go to the store and get credit? There are a number of reasons that online financing may be better for your situation. Here are a few of the benefits.
Fast & Easy Approval
It can be difficult to get financing at an appliance store. Most financing departments require you to have good to excellent credit, so if you have a few blemishes on your credit report, you will likely get denied.
Online financing is a bit different. There are more lenders available and many of them even specialize in bad credit financing. That means that you may be able to get a yes online , even if you have been turned down for appliance financing before.
Cash In Your Account
Another benefit of online financing is that your lender will deposit cash directly into your account. That makes you a cash buyer, with all of the advantages that come with it. Namely, the ability to buy your appliance from any dealer that you like. That allows you to get the perfect appliance for you and let’s you shop for the best deal.
Convenient & Discrete
Finally, online financing is easy and discreet. If you think that you might get denied by a retailer, this can save you a lot of embarrassment. If, for some reason, you get denied appliance financing because of bad credit, only you and your computer would know.
How Does Financing Work?
So, just how does all of this work? It is actually quite simple.
Step 1: Fill Out The Form
Navigate to the top of the page and fill in some basic information about yourself and how much you need. Remember, this will be a cash loan so you can request extra money for accessories or anything else that you might need.
Step 2: Get Your Offer
If approved for appliance financing, even with bad credit, one lender from the group will make you an offer. The offer is between you and your lender, so you will then be redirected to the lender website.
Step 3: Make A Smart Decision
With an offer in front of you, it is time to make a choice. Not every loan is a good one, so you should review the terms and make sure that they are acceptable to you. If the loan is not too costly and you like the payments, you can accept it. Otherwise, simply turn it down and move on.
Step 4: Buy Your Appliance
Should you accept a loan, your lender will deposit money for your appliance financing directly into your bank account. You can then shop any dealer that you like.
How Can You Use Your Appliance Loan?
Being a cash loan, you can use the money however you like. Here are just a few of the appliances that consumers purchase with their money.
Fun Facts About Appliances
Appliances are an integral part of our lives. They are a part of our daily routine and we use them for both personal and professional purposes.
1. The first microwave oven was invented in 1947 by Percy Spencer, an engineer from Raytheon Corporation.
2. The first dishwasher was invented in 1887 by Josephine Cochrane, who patented the invention as “Cochrane’s Dish Washing Machine.”
3. A clothes dryer is the most power consuming appliance in a home, using about 2% more energy than a refrigerator and about 20% more energy than a dishwasher to operate annually.
4. For every 10 minutes you spend on your hair dryer, you’re using up around two kilowatt hours of electricity or around $0.35 worth of electricity per use.