Towels in a washing machine.

Washer & Dryer Financing – Good Or Bad Credit

It is amazing how expensive washers and dryers have become. A set can easily cost 2000 dollars these days and for most people, this is a hard expense to cover. This is why so many people get financing to cover the expense but this can be difficult with bad credit. If you need credit to purchase these all important appliances, we can help. Give us a couple of minutes of your time and you could walk away with an offer that can get you the money and more importantly, the appliances that you need.

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Infograph on washer and dryer financing with bad credit.

Links: Get Your Loan OfferAbout Appliance FinancingChoosing A Washer & Dryer

About Washer & Dryer Financing

It is amazing how expensive these appliances have gotten. It used to be that you could find a brand new set for as little as $500 but that was a simpler time. Washers and dryers have gotten way more complicated and sophisticated. What used to cost a few hundred dollars now costs a few thousand dollars which puts the average person in a bind when the time comes to replace them. This is why financing is no longer an option but a necessity.

When you have bad credit, this necessity becomes very difficult and that is where we step in. We are not a direct lender at that will work out very well for you. Instead, we get you access to a large network of online lenders. One of these lenders may be able to make you an offer when others have said no. In any case, there is no risk in getting a quote, so why not get started. Here is how it works when you get a quote.

First, you need to fill in your information on the quote form at the top of the page. It should take just a few minutes and all it asks for is some very basic information. Once you complete your form, you just need to accept the terms of service and hit submit.

Once you hit submit, your info goes to the loan network where a lender will be found that wants to make you an offer. If you receive an offer for your washer and dryer loan, you will then be forwarded to the lender website where you will have the opportunity to review it. Take time to review all of the details so that you know what you will be committing to.

If you decide to accept your loan, you can then do so online and your lender will get your money to you ASAP. This could be as early as the next business day.

The greatest thing about working with a lender from this network is that you will get paid in cash, not store credit. Money will be deposited directly to your checking account. That lets you buy your washer and dryer fro any store that you want. This can get you the best price since you can shop sales. In addition, you can pursue a used set of appliances locally and save some money.

Choosing Your Washer & Dryer

When it comes time to choose your new units, you have a lot of deciding to do.

Gone of the days when the washing machine was a simple appliance. You can not get the standard top loader, more modern high efficiency top loaders and the oh so desirable front loading machines.

If money is tight and you want to buy new, the old school top loader is for you. Being old tech does not mean that this appliance is not worthy of your consideration, quite the opposite. If you want a machine that is designed to give decades of trouble free service, this is the machine for you. Sure, they may use a bit more water and they may not hold as many clothes but they get the job done all day long.

Next on the list is the high efficiency top loaders. These are similar in design to the classic models but the drums will be very different. These will be more energy and water efficient and will have greater capacity than the older style of machine.

Finally, you have the front loading washing machine. These are very desirable units and are both energy efficient and high capacity. The design makes loading a snap and they can even be stacked for tight laundry rooms or if you just want room for a sink and shelf next to the machine. The catch to choosing this style is that a washer alone can be over 1000 dollars.

As for the dryer, they vary a bit, but realistically, you will just be choosing the machine that matches the washer that you decide on.

One last option is to look locally for a used pair. This can save you hundreds but there are, of course, two catches.

First, you have to take what you can get. There is usually not a huge selection of appliances online because they go quickly.

Second, you take the chance of your washer or dryer not working correctly. When buying use, try to test them out when possible.

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James Car is a finance, loan and budget expert based in the United States. After attending Brookhaven college, he went on to become a successful entrepreneur. He now enjoys writing articles that help people save and make the most of their money.