How do I get financing at Gun's E-Z Own Financing?

Recently, my son was going to purchase a car from my father and needed a loan to do so. My son went to his bank here in town and they wanted documents from my dad like home mortgage papers, banking information, Tax return information and more. Then they wanted more documents from my son. Well why did they need my dad's info. he wasn't getting a loan. This can be very frustrating.

At Gun's E-Z Own, we make it as simple as we can. So what we have you do is fill out what we call a Customer Information Sheet, aka credit application. It only takes to 10 to 15 minutes to fill it out.

Page one of our CIS asks for your name, address and landlord name. Previous address, place of employment and their contact information.

Page two, we get a copy of your Driver's License and proof of your SSN. Four character references, two relatives and two friends all with different phone numbers and addresses. We try to get you approved within one day. Sometimes we have to fax stuff to employers and landlords and then they take a little extra time to get back to us.

Our minimum requirements are 3 months at your residence and 3 months at your place of employment. We ask all this information because we DON'T do credit checks. You must also live in our service area. Within 30 miles of Red Wing or Rochester.

If we can't get a hold of your employer and landlord in a reasonable amount of time, we will ask you to bring in pay stubs as proof of your employment and a copy of your lease or utility bill as proof of your residence.

Once approve you pay 10% of the retail price. For example if you wish to purchase a Sofa and Love Seat that retails for $999.99. You would put $100 down and pay an estimated $84 per month. It's works like a car loan. Put a down payment and make monthly payments on the loan.

Estimated, what do you mean estimated? Well there are different factors, such as what interest rate you would be at, do you need delivery and where is the delivery. We charge to deliver the product. (Hey, those chiropractic appointments to adjust my back don't pay for themselves.) Then we also offer credit insurance and extended warranties which would factor in.

People ask if we are a Rent to Own. NO, we are not. We hold an Industrial Loan License and we must follow the Minnesota Department of Commerce regulations. Speaking of which I better put this disclaimer in. You can read it or skip it. Sample Disclosure: for $1,000 loan, $100 down, 16 payments of $84 APR 31.62%.

So if you need financing, stop in the store or download our Customer Information Sheet and we will get you set up with some nice furniture.

Back to my son's loan. I told them to go to my bank, which they did. He filled out a two page loan application and got approved within two days.

Just like my son, who was able to get a newer car, you can get a loan for new furniture, appliances or electronics from Gun's E-Z Own, Which will make you happy. If that doesn't I'll have to tell you an Ole & Lena joke.

Next time, I will go over our different interest rate options. I will let you know how you can pay zero percent interest which will make you even happier. I don't know if it would make you happier than an Ole & Lena joke but it will be close.

Thank you for reading my blog. Until next time, Stay Safe and Have Great Day.