Financing Appliances with Bad Credit

An oven blowing up right before your playoff party isn’t just inconvenient – it means now you have to get a new oven considering they’re pretty essential to preparing food for you and your family.

While this occurrence might seem extreme, you will likely find yourself in search of new appliances within a four to five-year window. And if you have bad credit, you might feel that financing appliances with said poor credit history is difficult.

Luckily, financing appliances with bad credit is more available than ever due to financial tools to help those with less-than-stellar credit histories. Furnishing your home with working and much-needed appliances, (or electronics) can be helpful, and in this guide, you will learn about these essential aspects of bad credit appliance financing below:

  • What Exactly Is Bad Credit Appliance Financing?
  • Does “No Credit Check” Mean the Same as “No Credit Needed?”
  • Where is Appliance Financing for Bad Credit Available?
  • Who Can Get Appliance Financing, and How Do I Apply?
  • FAQs About Bad Credit Appliance Financing

Bad Credit Appliance Financing – What Does It Really Mean?

Similar to when you were in school and received a poor grade on a test, it can feel like there is a stigma behind having a poor credit score which makes us think we can’t get financing.

However, it is good to know that bad credit appliance financing is possible. If you’re someone who has poor credit, you may be a good candidate for financing, even if you have a poor credit score, for no credit-needed payment options.

laundry room with washer and dryer

Bad credit financing means getting financing for things like furniture, tires and wheels, appliances, or other products, despite having bad credit. Creditors may pull your credit history when you apply, but how it’s used depends on the company. While there is no guarantee for approvals, at the end of the day, it is refreshing to know that even with a poor credit history, you can still find financing for your new appliances.

Below, we delineate the key differences between no credit check financing and no credit needed financing.

No Credit Check vs. No Credit Needed Appliance Financing

When you happen to be considering financing for new appliances and you have a low credit score, there is a misconception about financing you should be aware of.  Understanding the difference between no credit check financing and no credit needed financing is essential:

  • No Credit Check is when someone’s credit will not be pulled in the process of finding lending for a new appliance.
  • No Credit Needed refers to the fact that your credit score may be checked, but there are other factors that are part of the approval requirements.

It’s important to know whether you’re working with a no-credit-check or no-credit-needed company when pursuing financing options.

You might be wondering: Is a lease the same as a loan?

Leases & loans are quite different – here’s what you need to know:

  • A loan (or personal loan) is generally a lump sum of funds provided on the recipient’s behalf that is paid back over time (and, like most loans, includes interest.)
  • A lease (or rent-to-own option) allows the recipient to possess the leased item for a pre-determined period of time and includes the option to purchase the item outright. It does not include interest but has leasing fees.

What Kind of Appliances Can Be Financed With Bad Credit?

Purchasing a brand new sectional on credit might be viewed as more of a “want” instead of a need. However, many appliances are 100% a need in just about any situation. You can’t wash your clothes for work, cook dinner for the family, or keep your food cold if you don’t have a washing machine, oven, or refrigerator.

Knowing this, your credit score should no longer hinder you from purchasing your next appliance. And with many appliances stretching the typical adult budget for a one-time payment, financing is a popular route for many families.


Popular Appliance Items

Below are some of the more popular appliances to consider financing:

Type of Appliance: Ovens

Average Price**: $1,000

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Type of Appliance: Refrigerators

Average Price**: $1,500

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Type of Appliance: Dishwashers

Average Price**: $400

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Type of Appliance: Washing Machines

Average Price**: $650

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Type of Appliance: Dryers

Average Price**: $500

Find a Store*



When it comes to your home’s oven, there are plenty of options to choose from, including electric and gas ovens, with no shortage of popular brands. By the time an oven reaches age 10, it’s more likely to come with some issues but may also become a safety concern as well.

Outdated technology is easy to update with a new oven making it a popular item to replace and finance.

store display of ovens and stove ranges


The most expensive appliance on anyone’s wish list is the refrigerator due to its countless features, options, and new technologies. If you can go without the wifi and grocery list-building capabilities, you can still find an affordable refrigerator, but they typically exceed the $1,000 price mark.

couple looking at smart fridge with touchscreen


While purchasing a dishwasher is a pretty straightforward and affordable process, installing one can be more complicated than buying one.

All jokes aside, dishwashers are perhaps the one kitchen appliance you could hold out on the longest. Still, you’re inevitably going to want to get a dishwasher eventually if your current dishwasher isn’t in working order.

man shopping for dish washing machine

Washing Machines

Purchasing a washing machine often comes after your previous washer fails you or needs a significant repair. Either way, the latest washing machines offer many capabilities, including wifi technologies and water-saving cleaning methods.

The price tag for most washing machines is right at the range where affordability meets the need to finance your new washer, hence why many use financing to bring home their new washing machine.

woman and son loading washer with clothes


What do you do when your dryer stops working? You get a new one.

In most cases, a new gas or electric dryer costs just as much, or close to as much, as getting an older model fixed. However, that expense seems to come at the wrong time in most cases, so most buyers will often purchase their dryer with financing.

When purchasing a new dryer, you will always want to make sure you know what brand you prefer and do your research ahead of time.

laundry room with front loading washer and dryer

Popularity of Financing Appliances

Financing appliances is not only popular; it is how most households purchase new appliances.

Just visit any mega-retailer that sells appliances, and you will see promotions for financing a new kitchen or laundry room appliance. Whether or not you have bought appliances in the past isn’t usually an issue when purchasing appliances with credit.

Bad Credit Appliance Financing in Summary

Purchasing appliances should be an enjoyable experience as you know you are just moments away from making your life easier with the inclusion of a new stove, washer, or refrigerator. That said, financing your new appliances shouldn’t be a hassle – even with bad credit.

As you can see in this article, while the solutions to financing appliances with bad credit are there, it typically requires a few clicks and some outsourcing to figure out how to secure lending. Either way, the process is streamlined and straightforward, which makes it all easier for you!

store display of dishwashers

Financing Appliances With Bad Credit: FAQs

Below you will find frequently asked questions as it relates to bad credit financing for appliances.

Q: What Qualifies as “Bad Credit” Financing?

A: The term bad credit refers to an individual’s poor credit history due to a previous history of unpaid or late payments on money lent to them. A credit score can be used to determine if someone can get lending and how much. Bad credit financing often refers to lending a borrower money or extending credit even with a poor or “Bad Credit” score.


Q: What Credit Score Is Required to Get Financing?

A: In cases where someone doesn’t have an excellent credit score, there are ways to finance, including working with companies that offer bad credit appliance financing.


Q: Where’s the Best Place to Finance Appliances?

A: If you can’t pay for a new appliance outright, the alternative is to always finance your appliances with either a credit card, a pay-over-time plan, in-house financing with the store, or using a payment option offered by a third party.


Q: How Can I Finance Appliances With Bad Credit?

A: There are many companies that offer bad credit financing for appliances. Our website provides you with the ability to apply for appliance financing right now. Although not everyone will be approved, bad credit does not automatically mean you’ll be turned down. Although your credit may be checked, a low credit score does not automatically disqualify you. First, select your preferred store near you*, and you can apply directly in minutes.