Who hasn’t experienced this? The sofa is showing its age, the kitchen table wobbles precariously, and the bed squeaks with every move. New furniture is needed! But what do you do when a negative Schufa entry throws your financing plans into disarray? Don’t worry, buying furniture on installments despite Schufa isn’t an impossible task. There are various ways to realize your dream of new furnishings without having to pay huge sums all at once.
“Many of my customers are surprised at the possibilities for financing furniture, even if their Schufa doesn’t look optimal,” tells us Car Master Mechanic Michael Schmidt from Berlin. “Often, these are just small hurdles that need to be overcome.”
What Does “Buying Furniture on Installments Despite Schufa” Mean?
First of all: A negative Schufa entry doesn’t automatically mean you can’t buy furniture on installments. It merely limits the range of financing options. This is because retailers and banks use the Schufa report to assess the risk of payment default. But there are alternatives!
Options for Buying Furniture Despite Schufa
1. Financing Through the Retailer
Many furniture stores offer their own financing models that can be accessible even with an imperfect Schufa. Often, they work together with specialized financial service providers who use different criteria than a traditional bank.
Tip: Ask directly at your trusted furniture store about financing options despite Schufa.
2. Installment Purchases Via Online Platforms
Various online platforms specialize in installment purchases, even with a negative Schufa. They check customers’ creditworthiness based on other criteria, such as regular income.
Tip: Compare the conditions of different providers before choosing a platform.
3. Peer-to-Peer Lending
Another possibility is taking out a loan from private individuals. Platforms like auxmoney or smava bring borrowers and lenders together.
Tip: Pay attention to reputable platforms and realistic interest rates.
