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You must
satisfy
the following requirements to receive No Credit Check Financing.
- - Must be
employed by the same company for at least SIX months.
- - Earn $1,000 a
month and deposit at least $500 a month into your checking account.
- - Must have a
checking account that has been open for at least THREE months.
- - No NSFs and no
more than 5 protected overdrafts in the last 30 days.
Approval Process
A)
Verify
INCOME REQUIREMENTS of $1,000 a month for at least 6 months, with a:
- Paystub showing
6 months of employement; or
- S.S. or
Disability Benefit Letter; or
- Letter
from
employer with hourly wage and YTD on company letterhead.
- If
self
employed - Provide a 1099 and 30 day bank statement or
a business license and
3 months of bank
statement
B)
Verify
CHECKING ACCOUNT REQUIREMENTS with a 30 day bank statement that shows:
- No NSFs
& no
more than 5 protected overdrafts;
- Account
open for
3 months;
- $500 in
deposits;
- Does not
end
with a negative balance.
C)
VOIDED
CHECK (Or a Bank Account Verification Form)
D)
PHOTO
I.D.
Frequently Asked Questions
Q:
What is
the interest for this program?
A:
This program has no interest because it is a lease-purchase contract.
If you pay your balance off within 90 days, all you pay is the invoice
price and the $50 Processing fee. If you take more than
the first 90
days to pay off the purchase, then you will pay 1.8 times the invoice
total over 12 equa l payments.
(Example: on
a $1,000 invoice, you will
pay the $50 processing fee and 12 monthly
payments of
$150; a total of
$1,850)
Q: Will my credit be
checked?
A:
No, we will verify information from your most recent 30-day bank
statement and pay stub.
Q: Does the price
change if
i Finance?
A: Yes
all prices are discounted for cash on most items you just add 10% for
financing.
Example if
the item you want is $199, the finance amount
would be $219.
Q:
Can i
finance everything i see on the website?
A:
No some items are cash special items only.
Q:
How long
do you have to be employed to qualify?
A:
At least six months with the same employer. The pay stub must show this
and you may
need a
December pay stub from the previous year or a W2 to
show six full months of employment.
Q: How long will my
account
be active?
A:
An approved account and contract are good for 31 days. If an invoice
takes more than
31 days to
deliver, then contact the store for an
extension. If the extension cannot be given
or the
delivery takes
longer, you will need to reapply.
Q: How do I get
started?
A: It
is a two step process. You can click below to get
started. Once pre-approved you will
need to fax all the supporting
documentation with the reference
number to 866-531-4923. Once everything is faxed you
will be notified of decision within an hour. Or for any other
financing questions please call 877-898-1970.
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At Katy Furniture, we understand the need for second chances, so we are
offering you a “no credit check” financing service through Okinus
Credit Solutions. To begin the credit process, customers need to fill
out an application at Katy Furniture and provide the following
information:
•
Most recent paycheck stub with YTD or proof of income.
Unfortunately, we do not accept letters from employers. Must be
employed a minimum of 180 days.
•
Most recent 30-day personal checking account statement. The
statement must represent a full 30 days with all the pages attached. A
print-out must date back a full 30 days.
• Voided check from your
personal checking account. An authorization form is also acceptable.
• Government-issued ID. A
military ID is also acceptable.
•
Proof of residence. If your current address is different than
what is featured on other documents, such as your driver’s license, you
must provide proof of your current address.
•
To qualify for this service, you cannot have experienced more
than four unpaid checks or debits with the last 30-day bank statement
(overdrafts are OK).
•
A down payment at the time of purchase will be required. Down
payments can range from 10% to 15% of the total cost; this figure will
be determined at the time of purchase. The delivery fee will be charged
up front at the time of purchase.
For customers who are self-employed, a completed application is
required in addition to the following:
•
Most recent 90-day bank statement. The statement must represent a
full 90 days with all the pages attached. A print-out must date back a
full 90 days.
• Government-issued ID. A
military ID is also acceptable.
•
Proof of residence. If your current address is different than
what is featured on other documents, such as your driver’s license, you
must provide proof of your current address.
•
To qualify for this service, you cannot have experienced more
than four unpaid checks or debits within each month's 30-day bank
statement (overdrafts are OK).
•
A down payment at the time of purchase will be required. Down
payments can range from 10% to 15% of the total cost; this figure will
be determined at the time of purchase. The delivery fee will be charged
up front at the time of purchase.
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