At Abakus Direct, we’ve partnered with Klarna to give you an option to buy our sofas on finance, over a period of 3 to 12 months. Applying, qualifying & completing your sofa-on-finance purchase is an incredibly easy & quick process, detailed below.

HOW TO BUY OUR CHEAP SOFAS ON FINANCE?

Abakus Direct UK has a very wide range of quality affordable sofas in a wide variety of styles & seating configurations. Buying one is as simple as browsing, clicking on checkout & entering a few personal details you know off the top of your head! Here’s how you apply for sofas on finance at Abakus Direct.

1. Browse through our sofas (We have corner sofas on finance, sofa beds on finance, 3 & 2 seaters, armchairs & cuddle chairs & more!)

2. Select your sofa in your preferred colour & orientation style
   
   
3. Click add to shopping cart & then proceed to checkout
   
   
4. Enter email & billing address
   
   
5. Choose the Monthly Financing Option 
   
   
6. Click on Apply & Buy Now

That’s it. It takes all of 5 minutes to apply & all you need to apply is your name, e-mail address, mobile phone number & your address.

WILL I QUALIFY FOR SOFAS ON FINANCE AT ABAKUS DIRECT?

Abakus Direct itself doesn’t process your credit application. Your credit application will be handled by Klarna. Whether or not Klarna will approve your credit application will depend on;

• Your credit history
• Your annual income
• Your rent or mortgage payment
• The number of dependents who rely on your income

Generally speaking, you will be quickly approved for financing even if your credit is in fairly average condition. But, there are circumstances where your application may be denied. Some of these reasons could be having unpaid outstanding loans from other borrowers, having too little of an income or having a rent or mortgage payment that is a disproportionately high outflow from your income. Having many number of dependents might also hinder your chance of qualifying for a financing arrangement from Klarna.

WILL MY CREDIT BE CHECKED IF I APPLY FOR SOFAS ON FINANCE AT ABAKUS DIRECT?

Yes, if you apply for a monthly financing option, Klarna will run a ‘Hard Check’ on your credit score. This essentially means that this credit check will go on your credit history & it may or may not affect your credit score & standing, depending on whether or not you are approved.

If you have bad credit, please note that a hard check of your credit score may result in a further deterioration of your credit score, making it harder for you to borrow from Klarna or other lenders in the future.

HOW MUCH INTEREST WILL YOU PAY WHEN YOU BUY SOFAS ON FINANCE AT ABAKUS DIRECT?

This will again depend on Klarna. At the time of writing this post, Klarna is offering a promotional 0% interest offer, meaning you pay no more than what you see as advertised prices on our website, broken up into equated monthly payments over 3,6 or 12 months. However, this is subject to change. Please review your monthly financing options at the time of checkout to understand how much you will exactly pay every month, & for how long.

WHO DO I MAKE PAYMENTS TO?

You will make your sofa payments to Klarna. Abakus Direct does not directly receive, process or manage your monthly sofa payments.

HOW DO I MAKE MY SOFA PAYMENTS?

Once approved, you will make your monthly sofa payment to Klarna, through the app they will provide you access to. Klarna’s app for iOS & android devices will allow you to access a dashboard from where you can make your monthly sofa payments. The app’s dashboard will also allow you track your loan repayment, repayment history & also receive alerts & reminders about upcoming payments. If you have already borrowed from Klarna, you will see your purchase at Abakus Direct automatically populated in the Klarna app that you already use.

WHAT HAPPENS IF I MISS A PAYMENT?

It is recommended that you make all your payments on time, before the indicated due date. In the event you do miss one or more payments, some or many of the following conditions could apply;

• Your late or missed payments may be reported against your credit history, leading to a lower credit score which in turn will make it harder for you to borrow in the future
• You may lose the rights to enjoy promotional interest rates you originally signed up for, instead paying a higher interest rate on your outstanding financing arrangement
• You may be subject to recovery & legal action by Klarna or their contracted third parties

IS BUYING SOFAS ON FINANCE A GOOD IDEA?

This depends on your personal & financial circumstances. If you have just bought a starter home or have only just started your first job, buying sofas on finance can be a smart & cost-effective option. Not only does it allow you to buy a sofa with no deposit, but it also allows you to break up a few hundred pounds over several months, letting you breathe easy when it comes to managing your monthly cash flows.

Buying a sofa on finance can also be an excellent way to build your credit history. Many people wrongly assume that not borrowing will allow them to enjoy a high or perfect credit score. In fact, not borrowing at all can actually prevent someone from having a maximized credit score. If you borrow within your means & pay it back duly, your credit score can build nicely, allowing you to qualify for better & better financing options as your income & needs increase. Buying a £300 to £600 sofa at Abakus Direct therefore can be a great way to build your credit history, as long as you don’t have bad credit to begin with.

Visit this page for more information on making monthly payments on your sofa.