I walked in to Conn's with credit around the 550 mark. I compared pricing on Televisions at every major store. I found a deal here on a Samsung 4k TV that was the exact same pricing at Wal-Mart and Best Buy. If you do your homework, they actually do have some good deals here. I was approved for about $5000, but I only spent about $750. With interest the TV ended up being $950 over about 24 months. I paid it off in about a year. I made all of my payments early or on-time and avoided any annoying phone calls or late fees. I would recommend anyone doing a little bit of research before they walk into the store, and know what product or purchase range you would like to be in so that you land a good price. Salespeople are pretty aggressive in Conn's (I'm guessing because of the commissions), but it's a great way to build credit, and finance furniture, appliances, or electronics if you have poor credit. I would advise everyone to keep up with payments, because from everything I read, they aggressively pursue you when you're late on payments. Most of the negative feedback I read before walking into Conn's was centered around harrassment for late payments. Personally, I had no issues at all with Conn's because I made every payment on time.
Most Helpful Positive Review
Most Helpful Negative Review
As I was just beginning to rebuild my credit, I applied for credit at Conn's. Synchrony Financial, who provides the credit card, turned me down, but I qualified for Conn's Yes Money finance plan, which offers 12 months same as cash. With that, I purchased a couple pieces of much-needed furniture. It was way overpriced, but the trade-off was the opportunity to maintain a positive credit line. Because the Yes Money plan is a secured loan--meaning that they can repo the merchandise if you don't pay--the buyer is required to purchase an accompanying insurance plan for the company's protection in case of consumer default. That's completely normal. My plan was to pay off the full amount within the 12 months because after 12 months, interest kicks in retroactively, meaning that you pay a very high interest rate all the way back to the beginning and for 24 months afterward. For me, that would have meant paying more than triple for the already overpriced furniture. I ended up paying off the full amount of the loan within 11 months. I went to the store to make my last payment, so that I could request a "Paid in Full" receipt. They assured me that I had indeed paid in full, but that I would receive a letter in the mail from corporate in a few days. It would show that the debt was satisfied, and that my balance was zero. When I didn't receive that letter after a couple weeks, I logged into my account online to see what was up. There, I found that my account still had an eight-dollar balance. Then, I called to find out why. Apparently, when I paid off the account, Conn's had failed to cancel the insurance, so I was assessed another monthly premium just a few weeks before my 12-month mark. The rep I spoke with told me that if I were to ignore that $8, the clock would restart on my account, and I would automatically owe 36 months of interest. However, she told me that because it was a "simple oversight", she could probably credit me the eight dollars and then, I'd receive my "Paid in Full" letter in a couple weeks. I decided NOT to chance it, and I went online and paid that ****ed 8 bucks right then. I then called and made certain that the insurance on the account was definitely cancelled. While I have no proof that they tried to pull a fast one on me, I'm HIGHLY SUSPICIOUS of them. After more than a year, I never received the "Paid in Full" letter I was promised, but it does show paid and closed on my credit reports. If you can avoid Conn's Yes Money financing, I highly recommend that you do at all cost. However, if you do take the chance with them, make sure that you watch EVERY move they make. Conn's has always had the reputation of being a very sleazy company both to work for and to do business with.
See Your Approval Odds Before You Apply
Sign up for a free membership, and Credit Karma can estimate your chances of approval based on your credit profile. You’ll also get:
- Credit scores and reports
- Credit monitoring
- Personalized recommendations