Financing a Washer & Dryer with Bad Credit

Consumers with bad credit now have more options when finding payment solutions* for washers and dryers. With this information, acquiring the appliances you need may be possible even with less-than-stellar credit history.

Below are some aspects of bad credit washer & dryer financing:

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

Bad Credit Washer & Dryer Financing – What Is It?

Going to the laundromat can be an inconvenience at times. In addition to taking up time, some vendors can charge over $5 a load. If you have a large family or need to do laundry often, you might be better served to work towards acquiring your own washer and dryer.

Being able to do laundry in the comfort of your own home can be convenient. If you are looking to purchase washers and dryers, consider alternative lenders. Alternative lenders may offer financing options* to help consumers access washer and dryer options, even with less-than-stellar credit.

No Credit Check vs. No Credit Needed

Alternative lenders may advertise a variation of “no credit check” or “no credit needed” for those who may not be able to secure traditional bank loans due to bad credit.

Although these terms sound similar, below are the differences between “no credit check” and “no credit needed.”

washing machine in washroom with laundry
  • No Credit Check is when someone’s credit will not be pulled.
  • 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.

What Kind of Washers & Dryers Can Be Financed with Bad Credit?

In general, most washers or dryers may be purchased with the help of outside financing. They can be purchased individually or as a pair, depending on a consumer’s individual needs.

Alternative lenders may offer consumers with bad credit or no credit history in some circumstances, the opportunity to apply for washers and dryers. In most cases, if approved, funding may be available as early as the next business day.


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 lease-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.


Washers & Dryers in 2024

Consumers have many options to choose from when it comes to washers and dryers.


Type of Washer: Front-Loading

Average Price**: $600 – $1,200

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Type of Washer: Top-Loading

Average Price**: $300 – $500

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Type of Washer: Laundry Centers

Average Price**: $600 – $1,000

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Type of Washer: Integrated

Average Price**: $650 – $2,000

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Type of Washer: Stackable

Average Price**: $1,000 – $2,000

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Type of Dryer: Gas & Electric

Average Price**: $350 – $1,600

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Type of Dryer: Condenser

Average Price**: $600 – $2,000

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Type of Dryer: Vented

Average Price**: $300 – $1,500

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Type of Dryer: Heat Pump

Average Price**: $700 – $1,000

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Front-Loading Washers

A front-load washing machine is a type of washing machine that uses gravity to draw water and detergent from the bottom of the machine, over the clothes, and down into the drain.


Top-Loading Washers

Top-load washers can be a popular choice for some consumers because they can be relatively easy to use.

laundry room with front loading washer and dryer


A dryer can be an essential household appliance for removing moisture from clothes, bedding, and textiles. There are several types of dryers to choose from:

  • Gas dryers – For heating and drying clothes, they use gas. Gas generally is more energy-efficient and generally less costly to use.
  • Electric dryers – Electricity is used to heat and dry your clothing. While they tend to be cheaper, they can possibly quickly rack up your electricity bill.
  • Condenser dryers – The condenser dryer draws air from the unit, passes it through the condenser, gets warmed up, then channels the hot air to the drum to dry the clothes.
  • Vented dryers – Moisture is removed from a vented tumble dryer by venting it from an exterior wall or by using a hose.
  • Heat pump dryers – Heat pumps are used to remove moisture from clothes in these dryers. With its refrigerant system, hot and cold coils pull air from the surrounding environment, warm it, and release it to the clothes.

Where Can I Use Bad Credit Washer & Dryer Financing?

Alternative lenders typically partner with merchants who sell washers and dryers. In most cases, if approved, financing may be available to consumers as soon as the next business day.

Applying for financing on our website is easy and can be done through our merchant search tool* in just a few minutes.


mom and baby playing with clothes in laundry room

The Popularity of Financing Washers & Dryers

Years ago, washers and dryers were commonly purchased through in-store layaway programs. Sometimes, this took a year or more for customers to pay in full. Unlike with a loan, products held on layaway were not released to the customer until the purchase balance was satisfied.

While layaway may have prevented some credit and interest rate dilemmas, waiting periods were lengthy. In the past, you may have had to wait to replace necessary household items, especially if you had to pay for either the whole washer or dryer all upfront.

More recently, alternative lenders have helped provide a financing option* for consumers who have a less-than-perfect credit score, or for those who don’t have credit history.

The ability to replace a broken washer through the use of alternative payment solutions* instead of spending time and money at the laundromat has become another option if you have less than stellar credit or no credit.

Bad Credit Washer & Dryer Financing Options

If your credit score is fair to low, traditional financing may be difficult to obtain. Traditional lenders may approve those with a higher credit score and decline borrowers with bad credit. But the good news is alternative lenders may be able to help, and options* are available in the market, whether you have bad credit or no credit at all (although approvals are not guaranteed).

store display of washers and dryers

Bad Credit Washer & Dryer Financing in Summary

Nowadays, having bad credit or spotty credit history may not exclude consumers from accessing financing options* for appliances. Today, options may be available whether you have bad credit or no credit, through alternative payment solutions.*

These lenders may offer financing options* that take more factors into consideration than just your credit score alone, making it a viable option for consumes facing credit challenges.

washer and dryer in laundry room with clothes hampers

Washer & Dryer Financing With Bad Credit FAQs

Understanding financial terms and conditions can be confusing sometimes. Below are frequently asked questions and answers:


Q: What Qualifies as “Bad Credit” Financing?

A: The credit score between 580 and 669 is considered fair. Individuals with no credit or low credit scores may be able to access goods and services via bad credit financing.


Q: What Credit Score Is Required to Get Financing?

A: To qualify for financing options, most traditional lenders generally require a credit score of 620 or greater. Alternative lenders typically offer alternative payment solutions* to those who might not qualify for traditional lending. These lenders may offer washer and dryer financing to those with credit scores that are low or for those without credit scores.


Q: Where Can I Finance a Washer & Dryer?

A: Where you can use your washer & dryer financing will depend on the company you choose to sign a contract with. Always be sure to gather all the helpful information you need to make an informed financial decision before agreeing to a contract.


Q: How Can I Finance a Washer & Dryer with Bad Credit?

A: You may be able to apply for washer and dryer financing in minutes. Some applicants will not be approved but having bad credit does not automatically mean you will be denied. Although your credit history may be checked, a less-than-perfect or no credit history does not automatically disqualify you.


Q: Where Can I Use My Washer & Dryer Financing if Approved?

A: There are hundreds of locations across the U.S. that customers looking for washers and dryers can choose from. To find an appliance store near you and apply for financing online, use our Merchant Search tool.*