$40 down 90 days to pay “No Credit Needed”
You must have a personal checking account open for the past 3 months.
$1000 per month must be deposited into the account.
The account must show zero overdrafts for the past 30 days.
There must be a $45 minimum balance at the time of approval.
This is a no credit needed funding program. It is based on your banking activities, and how well you manage your checking account. There are four general requirements for approval.
At the time of approval Westcreek will hold the $40 down in your bank account. If you decide not to use this funding the $40 will be released back to you.
Three Payoff Options
12 month option - The program is set up to be a 12 month rent to own program. If you just allow the program to run the 12 months the program will cost you a little more than double your invoice price, plus tax, plus the $40 down. Lake Effect Furniture and Mattress recommends that you NOT use this option, but instead use the 90 days to pay option.
90 Days to pay - If you pay off the invoice amount within 90 days from the date you receive your furniture, your total cost will be the invoice price, plus tax, plus the initial $40 down payment. Lake Effect Furniture and Mattress highly recommend using this option.
Early Payoff - This is when you go past the 90 days, but still want to pay it off prior to the 12 months. The payoff amount is calculated by taking 65% of the remaining total amount of payments for the 12 month option. We only recommend this option if you failed to pay off within 90 days.
Call Westcreek and ask to make additional payments.
Use the Westcreek App and pay through it.