IKEA Finance - were you successful?

pablakeman

So we are planning a spend of around £3,000 at IKEA as we move into a new home (some of this can wait if finance rejected. But we wanted to have a good idea - we plan to look secondhand etc too).

We went into store on Saturday and asked about finance and nobody seemed to know about it - we got told different days to use the credit (14,30 and 90 - it was explained it might differ by department), but we were also told that if you are rejected for the amount you apply for, you can’t apply again.

Anybody on here applied for ikea finance and had a nice surprise? My credit score is good (814/999 at the moment - yes I know this means probably nothing, but I have no other idea of an indicator), never missed a credit payment etc.. and will have a mortgage by that point, hence why we are looking at furniture.

Just looking for other peoples experiences of applying for IKEA finance thanks!

ashe

Credit scores are irrelevant as you say, lenders don't use them - they have their own criteria and basically look at your history. amount you owe vs coming in, other outstanding credit. defaults and the like. If you think you are in a good position then should be nothing to worry about.

the only thing to consider is taking finance out before you move - generally this is considered a bad idea, although its not guaranteed to cause a problem, it has for some people. sounds like you'll be getting this after your mortgage though, in which case I dont think you will have a problem if your income and expenditure is not crazy.