Is Washer and Dryer Financing for Bad Credit a Real Solution?
16 Min Read
Reviewed by Michael Lefler Key Takeaways
- Even with bad credit, financing a washer and dryer is possible through loans, store programs, BNPL, or rent-to-own.
- High rates and extra fees often push the final price of financed appliances far above their original retail cost.
- The best option depends on budget and discipline, as structured low-cost plans and timely payments prevent deeper debt.
People often turn to banks to finance washing machines and dryers due to their high costs. But what should you do if you have a bad credit history and will almost certainly be denied a loan? Luckily, there are several options available to applicants with a bad credit history. Let’s explore how to obtain the washer and dryer financing without a credit check, so that the needed household appliances can finally appear in your home.
What Are Your Washer and Dryer Financing Options with Bad Credit?
If your credit history isn’t perfect, your borrowing options are quite limited. But here’s the good news: there are still ways to get the washer and dryer you need. Let’s explore the choices available and what each one really means for your budget:
Rent-to-Own
With rent-to-own or lease-to-own, you take the washer or dryer home right away and make small weekly or bi-weekly payments to use it, with an option to buy the appliance at the end of the rental period. The approval process is fast, and your credit score usually doesn’t matter. The downside is that the total you pay ends up much higher than the store price.
Pros:
- Quick approval, even with bad credit
- You can use the appliance immediately
- Some programs include free repairs or allow return flexibility
Cons:
- Final cost can be 1.5×–2.5× the cash price
- Frequent payments can squeeze your budget
- Late or missed payments add extra fees quickly
Store Financing
Many retailers offer financing with special “buy here, pay here deals,” such as interest-free periods of 6–12 months. This can be a good option if you manage to pay the total amount before the promo ends. If you don’t, interest charges can jump sharply and sometimes apply to the full original amount.
Pros:
- Easy to apply right at checkout
- Real savings if paid off during the promo period
- A clear payoff timeline makes budgeting easier
Cons:
- Interest after the promo period is often 25%–30%+
- Deferred interest can backdate if you miss the deadline
- Requires steady payments to avoid big charges
Credit Card
You can pay for appliances with a credit card. If you have a 0% intro APR card, it can be one of the cheapest options. But with a regular card, interest rates are high, and it’s easy to fall into long-term debt if you only make minimum payments.
Pros:
- Immediate use with built-in purchase protections
- Very low cost if paid off during 0% intro period
- Flexible repayment with no prepayment penalty
Cons:
- Standard APR is usually 20%–30%+
- Paying only minimums can keep you in debt for years
- Best intro offers typically require good credit
Personal Loan
An online personal loan gives you a lump sum, usually sent to your bank account the same or the next day. You then pay it back in fixed monthly installments. This option gives you a clear payoff date and predictable costs.
Pros:
- Fixed payments and set payoff date
- Prequalification often won’t affect your credit score
- On-time payments may improve your credit history
Cons:
- APRs for bad credit are usually 18%–36%+
- Some lenders charge an origination fee
- Not all lenders are available in every state
Personal Line of Credit
A line of credit works like a safety net. You have a set limit and can borrow what you need, when you need it. You only pay interest on the money you actually use, and you can borrow again later as long as you stay within the limit.
Pros:
- Interest applies only to the amount you use
- Can reuse the line without reapplying
- Helpful for unexpected extras like delivery or repairs
Cons:
- Rates can change and go up
- Easy to keep borrowing and carry balances
- Usually requires better credit than lease-to-own
Installment Loan
Some lenders offer installment loans to people with poor credit. You make equal monthly payments until the loan is finished. Approval is easier than with banks, but rates and fees depend heavily on your state’s laws and the lender’s rules.
Pros:
- Fixed monthly payment with a clear payoff date
- Easier to qualify for than a bank loan
- May help rebuild credit if reported to credit bureaus
Cons:
- High APR, often 36%–99%+, depending on state rules
- Extra fees vary by lender
- Some lenders may not be fully licensed
Payday Loan
A payday loan is a short-term loan usually due on your next payday. It’s fast and doesn’t require strong credit, but the cost is high if you can’t pay it back right away. In many states, payday loans are heavily restricted or not allowed at all.
Pros:
- Same-day funding with simple requirements
- Quick approval and easy application
- Works as a short-term bridge until payday
Cons:
- Very high cost if rolled over (200%–700%+ APR)
- Short repayment period creates pressure
- Legality and availability depend on the state
Buy Now Pay Later
BNPL allows you to split the cost of a washer or dryer into several small payments, typically made bi-weekly or monthly. Approval is quick, and many services don’t focus heavily on your credit score. It feels like renting at first, but once you complete all the payments, the appliance is fully yours.
Pros:
- Fast approval with no complicated paperwork
- Small, predictable payments that are easy to manage
- Often interest-free if you pay on time
Cons:
- Missed payments can lead to late fees and penalties
- Not all retailers offer BNPL on large appliances
- Easy to overspend if you use it too often
For clarity, the main details are presented in the table below:
| Option | Amount | Term | Cost (APR/fee) | Funding |
|---|---|---|---|---|
| Rent-to-Own | Up to full retail price | 6–24 months | Often totals ~2×–3× the cash price; APRs often >100% | Same/next day |
| Store Financing | $500–$3,000+ | 6–36 months | 0% promo if paid in full; else ~30% APR | Same day |
| Credit Card | $300–$2,000+ | Revolving | Avg ~21–24% APR | Immediate |
| Personal Loan | $1,000–$50,000 | 6–60 months | Up to 36% APR | Same day–3 days |
| Line of Credit | $1000+ | Open/variable | ~11.5–21.5% APR | After approval |
| Installment Loan | $500–$5,000 | 6–24 months (sometimes up to 36) | ~99–200% APR; some caps at 36% | Same/next day |
| Payday Loan | $100–$1,000 (capped) | 14–31 days | $10–$30 per $100 | Same/next day |
| Buy Now Pay Later | $100–$3,000 | 3–12 months | Often 0% if on time; late fees apply | Immediate |
What You Need to Apply for Appliance Financing with Bad Credit
Requirements can differ depending on whether you choose store financing, rent-to-own, a personal loan, or another option. In most cases, you will be asked for:
- Proof of income – pay stubs, bank statements, benefit or assistance documents.
- Government-issued ID – driver’s license, passport, or state ID.
- Active checking account or debit card – for deposits, withdrawals, or automatic payments.
- Proof of residence – utility bill, lease agreement, or official mail.
- Contact and employment details – employer name, phone number, or alternative income source.
- Social Security number or ITIN – needed for most credit-based financing, but not always required for rent-to-own programs.
How Washer and Dryer Financing Works
You can get financing for a washer and dryer in-store and online. These two options differ slightly in terms of speed, requirements, and convenience:
- Choose. Online, you select a licensed lender in your state, while in-store, you pick the financing or lease-to-own option offered at checkout.
- Apply. The online process involves filling out a form with personal, income, and bank details. In-store, you provide ID, proof of income, and contact details directly to a representative.
- Verify. Lenders can automatically check income, employment, and bank activity online. In stores, documents are confirmed manually or through a financing partner.
- Approve. Online applications give an instant decision with funds sent to your bank. In-store, approval usually comes the same day and is tied to the purchase.
- Receive. If approved online, you use deposited funds to pay the retailer. In-store, you can take the appliance home with same-day pickup.
- Repay. Online loans are paid back in fixed monthly payments. Store financing typically follows weekly, bi-weekly, or monthly schedules agreed at the time of purchase.
What is Meant By “No Credit Check”?
“No credit check” means a lender does not review a borrower’s record with credit bureaus such as Experian, Equifax, or TransUnion. Approval is determined by current factors – income, employment status, or bank account activity – rather than past credit history. This approach makes borrowing possible for people with poor or limited credit, though it often involves higher interest rates and shorter repayment terms because the lender takes on greater risk.
What You’ll Pay in 2025 (Appliances + Setup)
Below is a 2025 cost breakdown of washers and dryers:
| Format | Typical price | Installation/service* | Savings note |
|---|---|---|---|
| Washing machine (average) | $700–$1,300 | Basic hook-up $100–$300; if no existing hookups – $350–$1,150; complex cases up to ~$2,000 | Price depends on type (front/top load) and drum capacity |
| Electric dryer (average) | $800–$1,200 | As above, a dedicated cord/vent duct may be needed | Energy-efficient models cut usage by ~20% (ENERGY STAR) |
| Washer + dryer pair (freestanding) | $1,000–$2,300 per set | Package delivery/installation often available; haul-away is extra | During sales, a set is usually cheaper than buying separately |
| Stackable washer and dryer | ~$1,300–$1,900 | Requires standard venting/electrical (gas separate) | Saves space; less flexibility for upgrades |
| All-in-one (combo, wash+dry) | ~$950–$2,100 | Hook-up like a washer; usually ventless (condensation/heat pump) | Handy when space is tight; cycles are usually longer |
| Heat pump dryer | Often pricier than a standard electric | Install like a ventless dryer | Saves up to ~70% energy vs conventional; lower operating bills |
| Annual electricity costs (est.) | ~$65+/yr with moderate use | – | Heavily depends on your tariff/frequency; savings are higher with ENERGY STAR/heat pump. |
Installation notes: basic hook-up means water/drain/vent/outlet (240V for dryer) already in place, no new rough-ins. Gas dryer installs cost more due to the gas line and safety requirements.
What to Look for When Picking Your Washer and Dryer
It is usually more cost-effective to buy a washer and dryer set. Retailers run bundle discounts (often 10–20%) and offer perks like reduced delivery/installation. This is typically cheaper than buying each unit separately, especially around major sales (Memorial Day, Labor Day, Black Friday).
To choose the right washer and dryer, consider size and capacity first. For a family of 3–4 people, the optimal choice is 4.5–5.0 cu.ft for the washer and from 7.0 cu.ft for the dryer.
Then decide on the type – front-load or top-load for the washer, and electric, gas, or heat pump for the dryer; gas costs about $100 more at purchase but pays off in use, while a heat pump provides maximum energy savings.
Next, look at energy efficiency and the ENERGY STAR label, and as a final step, check ratings, reviews, and plan your purchase for seasonal discounts.
Why Use 1F Cash Advance for Washer and Dryer Financing
If you urgently need money for appliances, don’t worry – there is a way out. At 1F Cash Advance, we’ve made everything simple, safe, and fast.
Minimal Requirements
Here, no one will demand a “perfect” credit history or a pile of documents. It’s enough to show a stable income and an ID – and you are already one step closer to the money you need.
Safety and Confidentiality
We understand that financial matters are very personal. That’s why all your data is securely protected and used only for the loan process. No outsider will get access to it.
Same-Day Funding
Do you want to get a washer or dryer today? Apply in the morning, and the money will arrive the same day. This way, you can make your purchase right away without putting it off.
FAQ
What credit score is considered bad?
Usually, a score below 580 is considered bad. Don’t let this scare you – it just means lenders will be more careful, but options still exist.
What appliances can I purchase through bad credit financing?
You can finance almost any major appliance – washers, dryers, refrigerators, stoves, or even a set if you need more than one item.
Does 1F Cash Advance check my credit history?
We only run a soft check. It doesn’t affect your score and simply helps us understand your financial situation better.
Will a soft credit check impact my credit score?
No. A soft check won’t lower your score. Only a hard inquiry can drop it by a few points, so always confirm with the lender what type of check they use.
How much financing can I get for a washer and dryer with 1F Cash Advance?
You can qualify for up to $5,000, with repayment terms from 2 to 24 months.
What is the difference between “no credit required” and “no credit check”?
“No credit check” means that the lender won’t review your credit profile through the three major credit bureaus – Experian, TransUnion, and Equifax. “No credit required” means that your credit score may be checked, but approval depends mainly on other factors, such as your income.
How does a lease differ from a loan when financing appliances?
With a loan, you borrow money from a lender and use it to buy the appliance, so you own it fully. When you turn to a rent-to-own washer and dryer with no credit check, you take the appliance home right away and keep making regular payments to use it. After a fixed period, you can make a final payment to buy out the lease and keep the machine permanently.
Where can I find the best finance options for a washer and dryer with bad credit?
Start with trusted options from 1F Cash Advance. You can also consider offers from appliance stores, credit unions, and rent-to-own programs – compare costs and choose what feels safest for your budget.
Is a washer and dryer payment plan cheaper than rent-to-own?
Yes, usually. A washer and dryer payment plan (especially 0% or low-APR) keeps you near the sticker price, while rent-to-own often totals 1.5×–2.5× more; just be sure you pay on time to avoid fees.
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