MOORHEAD — A brand new store within the EasTen Shopping Center is providing consumers with no credit or poor credit an possibility for buying house items.
Home Choice
, 3210 Highway 10 E., sells furnishings, home equipment, electronics and extra, together with gaming techniques, snowblowers and even electrical bikes. The franchise is a sister firm of
Rent-a-Center
and is unique to Minnesota.
Sales supervisor Kris Benlioglu defined that’s due to usury legal guidelines in Minnesota.
“Home Choice is Minnesota-based because you can’t rent in Minnesota. You can only finance,” he mentioned. “That’s why we came up with the concept of helping people with all sorts of credit, helping them build and maintain.”
Renting-to-personal isn’t unlawful within the state, however Minnesota does have strict legal guidelines limiting rates of interest and charges related with those transactions.
Home Choice offers in-home financing and acts as underwriters on loans to customers. The store offers versatile cost choices, with rates of interest primarily based on the whole buy value and down cost.
“If you put 25% down, then you’ll have the smallest interest rate we can give you,” Benlioglu mentioned. “If you put 50% down, you won’t have an interest rate (at all).”
“Say I come in and I have rough credit, but I have 50% to put down on a nice living room set. Yeah, I may not be paying interest, but I can still help build and maintain my credit by making those payments, no matter how much,” he continued.
Buyers sometimes have between three and six months to pay the objects off.
“We want customers and the community to know we’re here for them. We’re not just any other retail store. We’re here to help them maintain and build (their credit),” he mentioned. “We’ve gone through a pandemic and been to hell and back. We want to make sure people are coming in to get help. They’re coming in and being taken care of, not advantage of.”
All of the merchandise is new and identify model.
“Samsung, LG, everything is name brand. We don’t carry knock-off brands,” Benlioglu mentioned.
David Samson/The Forum
Store supervisor Jeremy Stute mentioned gross sales have been sturdy since they opened in late December.
“The word is getting out,” he mentioned. “We’ve just been waiting for the weather to get better.”
Benlioglu mentioned the primary merchandise that actually took off was their electrical bikes. Televisions and lounge units have additionally been standard.
For extra details about Home Choice and its finance plans, go to
www.homechoicestores.com
.
BUSINESS PROFILE
What: Home Choice
Where: 3210 Highway 10 E., Suite 3210, Moorhead
Contact: 218-443-9247
Online:
www.homechoicestores.com
Hours: 10 a.m. to 7 p.m. Monday by Friday; 9 a.m. to six p.m. Saturday.
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