Second Look Financing

Fortiva Financial specializes in providing second look financing to underserved consumers.

Furniture Financing

Get instant approvals on furniture financing with Fortiva even with bad credit score.

Medical Loans

At Fortiva Financial, we care for you and gives you option for medical financing with host of benefits and features.

Retail Financing

Fortiva gives its customers access to powerful features and various payment options with its retail financing.

Tuesday, 26 November 2013

Top 5 Reasons to Apply For Furniture Finance

Furniture financing helps people to buy the furniture they desire irrespective of their current credit situation. Retail stores offer multiple financing options to fit the best needs. These financing options help people buy furniture instantly and pay for the stiff over a long time period. Special financing schemes have repayment periods lasting over 6 to 18 months. Apart from this some stores offer interest financing for 24 to 60 months! So people can gradually pay off the debt but enjoy the commodities instantly.

The most important reasons why one must go for furniture financing are as follows:

  • These finances get approved within no time. Moreover the chances of disapproval of these loans are very less.
  • The amount of money that gets sanctioned through furniture financing is pretty generous and up to 75% of the furniture cost gets covered.
  • One does not need high credit scores to apply for these loans.
  • Furniture loans can be paid off over long time periods according to the buyer’s comfort level.
  • The down payment is as low as 25% while booking the furniture.

Many furniture shops, both small and big, offer furniture financing aid to local buyers. Due to this huge number of furniture financing options available in the market, there are suitable options for every pocket. But every shop has separate policies, terms and conditions that vary from store to store; buyers must carefully study these clauses before availing the loan.

Thus furniture financing is the best layaway possible. One can take home merchandise at the discounted price with 25% down payment only. Moreover, long repayment periods ensure that the buyer is not burdened with the loan amount and still gets to enjoy the comforts of their furniture.

How To Apply For Retail Finance?

Retail financing is basically a payment solution through which retailers and merchants can offer customers a point of sale financial aid. Several stores across America as well as abroad use this strategy for augmented sales. The advantage of these finances is that they have flexible payment terms according to different retailer’s wishes. So customers pay back the loan through monthly installments with or without interest. Some retail finances allow customers to open an account while the financing application gets approved. Here are a few steps on how to apply for  retail finance in order to reap the benefits of goods and services from a store.

Retail finances are offered to customers either online or in-store. In case of online application, there is no paperwork involved and a customer needs to do the following:

  • Customers can select a specific type of finance option that is presented by the retailer to them. They click on the link in the email to get redirected to a credit application form.
  • The credit application form has a retailer branding and also incorporates a credit summary that displays all details to a customer. Customers fill up these forms and complete it with an e-signature.
  • After signing the credit agreement and submitting the application, the retail store returns an instant decision.

In-store retail financing involves e-signatures, a mutual pre-contract that is explained via videos or in person and also involve an instant credit decision. It is a highly efficient and ethical process that is in line with the legislation of an area. Customers can complete the credit application themselves after having a word with the finance officer or after going through all terms and conditions in detail. 

While online retail financing has no delays and a person can obtain instant approval, likewise in-store retail financing is private and fast. Both the options have easy steps and a buyer can easily apply for retail financing through these methods.

Thursday, 31 October 2013

Best Things about Subprime Credit

Subprime borrowers have access to bank credit cards, retail credit cards and auto loans. In the last few years bank-issued credit cards lending to subprime have witnessed a considerable rise in numbers. Banks are doing it to grow lending power by providing credit opportunities to more consumers as well as woo back rejected applicants. So, borrowers have been consistently taking advantage of the new opportunities. They have begun to look for diversified financial activity.

Following are a few of the best things about subprime credit and how this type of loan can be beneficial to a bank and a borrower.

Best things about subprime credit from a bank’s point of view:
  • It helps to boost economic growth. This is because investors are banking sector’s growth prospectsin the post-recessionor post-crisis world.
  • The high credit risk offered by banks is coupled with higher interest rates, poor quality collateral, and less favorable terms.
  • Subprime lenders pay higher premiums, and the loans are generally secured against saleable real-estate. So these loans theoretically can never fail.

Best things about subprime credit from a borrower’s point of view:
  • A borrower’s employment, income and assets sometimes do not get verified in such loans.
  • People who have difficulty maintaining the repayment schedule due to setbacks such as unemployment, divorce, medical emergencies are entitled to get these loans.
  • People who normally wouldn’t have had any access to the credit market now enjoy credit through these loans.
Hence these subprime credit loans are equally beneficial to both lender and borrower.

Tuesday, 29 October 2013

How Much Does Your Credit Score Cost You?

Are you aware of the fact that not having a great credit score can be expensive? In case you are aware of it, do you know how much your score costs you? I could be a lot! A credit score can actually pose as a threat to a borrower’s already burnt pocket.

Basically a credit score is supposed to extract all the information in a credit report, using a formula to calculate a single number that indicates the credit worthiness of a borrower. People who have high credit scores actually pay lesser money for their vehicle loans as compared to people with low or poor credit scores.

The lender obtains a fast, accurate prediction of the risk involved in sanctioning the auto insurance or loan. On the basis of this thumb rule, good credit owners are generally rewarded for auto insurance.

But again difference between rates paid by a person with good credit points and another with excellent credit points is not much. So an excellent credit score does not have bulky rewards attached.

Experts always advise customers shopping for insurance to enter accurate information in order to get an accurate quote. Fake information does not entitle for credit information inclusion while calculating rate of interest. Hence a consumer must check for credit score while shopping. They should also apply for cards that are more likely to get approved. This helps to avoid rejections, credit history inquiries and thereby does not impact the credit score.

Monday, 7 October 2013

Introduction to FHA 203k Loan

The FHA 203K loan for owners, occupants and non-profits is the ideal home improvement loan for a house that needs repairs. The loan which was initiated to aid in the repair and rehabilitation of run down homes is applicable for both - property that you may be planning to purchase as well as repairs to your present residence. Even though it is a government backed loan which is very popular given that many people use it for fixing their houses perhaps it is better to have a knowhow on this. Since most banks won’t lend you money to buy a house without the repairs being completed and you couldn’t possibly repair something that you don’t own, this is especially where one such home improvement loan comes to the rescue.
One of the basic criterions for getting the FHA 203k loan approved is that your property can be anything from a town home or condominium but it must be a one to four family structure. Borrowers seeking this loan cannot own more than seven units within a two block radius of the structure they wish to get the loan sanctioned for. While the loan cannot be used for major structural repairs, it can be used for interior rehabilitation with a major contractor looking after the repairs. The minimum amount is 5,000 $ while the maximum amount is 35,000 $. Remember take the advice of your consultant or plan reviewer so that you don’t underestimate the costs since you cannot raise your home loan amount later on.
You can turn to your Department of Housing & Urban Development-approved housing counselling agency for more information on the FHA 203k home improvement loan or log on to for exploring a plethora of financial services available for your aid.

Wednesday, 4 September 2013

How to Get a Home Improvement Loan

If your cozy hearth is in dire need of a complete overhauling and you are hesitant because of a low credit score, a subprime loan can come to your assistance. Your home is where your heart is and when the leaky ceiling, the dampened walls or the chipped tiles disillusions you it is essential that you go for a home improvement venture. Fixing up plumbing issues, doing up the floors and repairing rooftops can help you live comfortably while also augmenting the resale value of your house. However, these do not come at cheap costs and at such times taking a home improvement loan can be a wise decision.

Push Up your Credit Score: One of the best ways to go for a home improvement loan with bad credit is talking to your present credit agencies to negotiate pending payments. If you can pay off your dues, it leads to an increase in your credit score, thus boosting your chances of getting the loan at lower interest rates.

Look for Government Sources: The United States government provides FHA Title One loan for low income group individuals as well as those writhing under the ordeals of poor credit with home improvement loans to repair their homes. Check out your eligibility with the same as these loans come with relatively lower interest rates than their private counterparts.

Search for Private Lenders: There are umpteen private lenders out there providing subprime lending for home improvement purposes. Compare interest rates from at least 4 to 5 lenders before settling for the best one. However, do not be only lured by interest rates. It is equally important to look into the reputation of the company, years of experience, whether they proffer secured loans and other things. In certain cases you might have to proffer some sort of collateral or find someone with a good credit rating to be a co-signee.

For home improvement loans at some of the most affordable rates, Fortiva Financial can be your finance partner. With over 15 years of experience in the credit world the company excels in providing home improvement loans designed to suit your purposes and budget in a hassle-free manner.

Monday, 5 August 2013

How to Apply for Subprime Loan?

A subprime credit is often the only option present for those individuals who do not meet the criteria for prime rate loans because of their past credit history. These people are usually turned down by traditional credit lending agencies because of their lack of credit worthiness which gives a signal that such people may default of their debt payments later.

However, even defaulters deserve a second chance. But it is necessary to ensure that one follows a proper process while applying for a subprime loan. Given below are the steps for application:

  • Find out about various lenders in your area that offer such loans. Talk to them about the criteria and the rates and fees charged by them. On the basis of available information, choose a lender that you are most comfortable with.
  • Every lender would want some supporting documents that make your case for a loan approval strong. Gather documentation like income proof, monthly expenses etc. Bank statements that have details about your savings and money market accounts will be crucial.
  • Fill in the application form and sign all requisite paperwork to ensure that there is no delay from your end when the lender wants to pull the credit.
  • And finally, since it is a subprime loan; be prepared to provide for any additional documents, explanation, or verification that may be asked for by your lender. After all, they too would like to make sure that you are credit worthy and have the capability to repay the loan back. 

To gather information about how to apply for a subprime credit will be helpful to you, write to:

Monday, 8 July 2013

Tips for Furniture Lending

Till a few years ago, furniture loans were unheard of. Mortgage in most cases involved that for homes or cars, or the occasional credit card. But with time, as our homes become investments in themselves, we want to buy furniture that stays good for a longer period of time. Also, financing of furniture gives us the option of purchasing stuff that we wanted but could not pay for at one go. So, if you always had that luxurious 4 poster bed in mind but couldn’t think of burning a hole in your pocket; you can make it yours now by slowly paying back the amount.
However, in our excitement to get the best for our homes, we often end up making costly mistakes. Here is a list of the top 5 things that you must keep in mind while you consider financing for furniture:
  • Furniture lending gives you the opportunity to add a personal touch to your house by letting you buy products that you want. Use it wisely instead of nose-diving into a spending spree.
  • Buying new furniture is important, but maintenance work takes precedence over it. It is your house and everything from a leaking roof to a clogged washroom will have to be taken care of by you.
  • It may be tempting to use the money to get fancy furniture while you do the basic mending yourself. This is not advisable and may land you in bigger trouble because you are not the right person for the job. Get hold of a qualified contractor instead.
  • When we do not have to pay up immediately, there is a human tendency to splurge. Avoid it by keeping a tab of all your bills.
  • Finally, though it is not a specific part of furniture financing, it may be a good idea to get your home insured. It is a heavy financial and emotional investment, and while one may always hope for the best; it is advisable to be prepared for the worst.
To know in detail about what aspects are covered by furniture loans, write to us at:

Wednesday, 12 June 2013

Is Furniture Financing a Good Idea?

Till about a decade ago, most people would not even have heard about furniture financing, let alone think about considering it. Financing of furniture was for commercial use. But today, things are different. An informed customer who makes a buying decision aims at saving up more with smart purchasing. And thus, financing of furniture is not only rampant, but also preferred. But banks do not loan out money for such financing and finding help from credit card too is difficult. Then why should one consider this option?

Simply because, furniture financing helps you manage your expenses. You may currently be on a tight budget because you are furnishing your home, but that should not stop you from buying the perfect furniture that suits the d├ęcor of your house. The reason behind this is logical. If you buy furniture that you do not like or that which does not go with the overall appearance of the house just because it is cheap or that is what you can afford at the moment; you will tend to tire of it within a few years. Also, cheap furniture will mean compromises have been made in some way or the other – build, quality, paint etc. So why take that route when you could borrow some money to buy the kind of furniture you like so that it is a quality product, goes well with your house, and will probably last you a lifetime.

Most furniture stores have options of financing. However, one must carefully go through the details before agreeing to anything.

If you are building or refurnishing your dream home and are looking for options to finance furniture, write to us at

Monday, 13 May 2013

Introduction to Furniture Financing

Furniture financing seems to be a very wise option, especially if you can get credit that is interest free. It makes more sense to pay for the furniture that you have bought over a period of time, than furnish your dwelling with cash that can be used for various other purposes. The best part being that once you get the furniture financed the amount can be paid even in 1 or 2 year’s time. Now-a-days, furniture shops have been attracting potential buyers by offering various kinds of loan plans, where a buyer just has to pay a percentage of the billed amount. The buyer can make a down payment of as less as 15 % and the rest can be easily financed, which can be paid in easy monthly installments.

Anyone who is employed can avail such a loan because this will guarantee that you can pay back the money borrowed to buy furniture pieces for your home or office. If all the terms and conditions are met, then you can also apply for such a loan online, which is offered by leading banks, firms and furniture shops, as well. But, make sure that all the installments are made on time. Failing to do so may even shoot up your zero percent interest schemes to almost 20% in no time at all. Apart from this, it will also affect your credit history report if any of the payments are given a miss.

In case you want to get your furniture financed, then Fortiva Financing is a name you should remember for loan and credit solutions.

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