Credit Score Needed For Jordan's Furniture
Jordan's Furniture is a well-known furniture retailer that has been in business for over a century. With a wide variety of furniture options available, including living room, bedroom, and dining room sets, it's no wonder why customers flock to Jordan's Furniture to furnish their homes. However, before you can purchase furniture from Jordan's, you need to know what credit score is needed to be approved for financing. In this article, we will delve into the credit score requirements for Jordan's Furniture and provide tips on how to improve your credit score.
What Credit Score Is Needed For Jordan's Furniture?
Jordan's Furniture offers financing options through their Jordan's Credit Card. The credit score needed to be approved for this card varies depending on the type of financing you are seeking. For example, if you are looking for a 0% interest financing option, you will likely need a credit score of at least 700. However, if you are looking for a longer-term financing option with a lower interest rate, you may be able to get approved with a credit score of 650 or higher.
It's important to note that your credit score is not the only factor that Jordan's Furniture considers when approving you for financing. They will also look at your income, employment history, and debt-to-income ratio. If you have a high income and a low debt-to-income ratio, you may be able to get approved for financing even if your credit score is lower than the recommended range.
How To Improve Your Credit Score
If your credit score is lower than the recommended range for Jordan's Furniture financing, don't worry. There are steps you can take to improve your credit score and increase your chances of approval.
One of the most important things you can do is make all of your payments on time. Late payments can have a significant negative impact on your credit score, so it's crucial to always pay your bills on or before their due dates.
Another way to improve your credit score is to pay down your debt. High levels of debt can also hurt your credit score, so paying off credit card balances and other loans can help boost your score.
You can also consider getting a secured credit card. With a secured credit card, you put down a deposit that serves as your credit limit. By using the card responsibly and making payments on time, you can build up a positive credit history and improve your credit score.
Conclusion
If you're looking to finance your furniture purchase at Jordan's Furniture, it's important to know what credit score is needed for approval. While the recommended range varies depending on the type of financing you're seeking, it's always a good idea to work on improving your credit score to increase your chances of approval. By making payments on time, paying down debt, and considering a secured credit card, you can take steps towards building a positive credit history and achieving your financing goals.