Are you looking to buy your next rifle or handgun but don't want to pay for it all upfront? ModGuns.com and Credova Financing have got you covered!
With Credova, financing your purchase is easy and quick and won't affect your credit score. You can take advantage of smaller monthly payments and the option to pay off your balance anytime.
Credova offers a variety of financing options, including retail installment sales contracts (RISCs) and closed-end consumer lease agreements. And if you're worried about being locked into financing for the full term, don't be! You can pay off your balance at any time without any prepayment penalties.
Don't wait any longer to finance your firearms - apply online 24/7 and get approved in seconds. You can fill out applications from any device that has an internet connection.
Credova offers a 3-month interest-free option to pay off your principal without interest charges. And even if you don't qualify for this promotion, you can still spread out your payments over the full length of your contract. You can get prequalified without any impact on your credit score because there are no hard inquiries.
Instead of paying for the entire purchase upfront, Credova allows you to pay over time and puts the purchasing power in your hands with monthly payments.
For any questions or inquiries about Credova, they have dedicated support available to assist you during regular business hours of 3 AM to 3 PM PST. You can call 833-273-3382, email [email protected], or visit www.credova.com.
Credova Frequently Asked Questions
How exactly does the 3-month interest-free financing operate?*
Pay off your principal within a 3-month Credova promotional period to avoid interest charges. However, you need to pay or be late to ensure you get the promotion. Note that one month equals 30 days, so the 3-month period is 90 days. Not all offers are interest-free for three months.
Are All Financing Approvals 3 Months Interest-Free?*
If your financing is approved, it doesn't necessarily mean you'll get a 3-month interest-free offer. By checking your approval page, you can confirm if you're approved for a 3-month interest-free offer. If you're unsure about your eligibility for a 3-month interest-free offer, please don't hesitate to contact Credova support for further clarification.
What If I Don't Pay Off My Balance In 3 Months?*
Failure to pay your contract within the 3-month promotional period incurs full terms and conditions, including accrued interest. Not all offers have a 3-month interest-free option.
Can I Still Payoff My Contract Early, Even If It's Past The 3 Month Promotional Period?*
You can buy out of your contract at any time. If you pay off your contract early past the 3-month promotional period, you'll pay interest until the remaining principal—no future interest charges after your buyout.
What Type Of Financing Is Offered?
Credova has established a collaboration with a range of financing alternatives that provide retail installment sales contracts (RISCs) and closed-end consumer lease agreements.
What Is The Different Between A RISC And A Closed-End Consumer Lease Agreement?
With an RISC, you purchase the item and agree to make installments over a specific term plus any associated interest rate. A closed-end consumer lease agreement doesn't have an interest rate but charges monthly leasing fees. With a closed-end consumer lease, you are leasing the item/s from a lessor and have the option to purchase the item during the course of the lease.
What Are The Leasing Fees?
If you choose to accept a closed-end consumer lease offer, with each monthly payment, you will pay leasing fees. These fees represent the premium the lessor charges for allowing you to lease an item and will vary depending on customer approval information. Please review your offer/s carefully before completing your agreement.
What Is The Interest Rate?
The interest rate is the amount charged, as a percentage of principal, by a retailer to a customer for the ability to pay for an item over time. This is often expressed annually, commonly called the annual percentage rate (APR). The system considers more than just your credit; your interest rate will vary based on the information you provide. Please review your offer/s carefully before completing your agreement.
Am I Locked Into Financing For The Full Term?
Not at all. Whether using an RISC or a closed-end consumer lease, you can pay off your balance anytime, and there are never any prepayment penalties.
How Easy Is It To Apply?
Very easy! Online applications only require basic information; you can receive approval in seconds.
How Much Will I Be Approved For?
You can be approved for offers up to $5,000, depending on your application details.
If I Have Bad Credit, Will I Be Declined?
Credova considers all credit types during the approval process. Applying won't impact your credit score as there is no hard credit inquiry.
How Often Are Payments Made?
Payments are required at least once a month on your scheduled due date.
When Will My Purchase Be Shipped To Me?
Please review ModGuns shipping policy.
How Much Do I Have To Pay Today?
Depending on the type of financing selected, you may be required to complete your first payment at the time of signature, whereas other financing products will not require a payment for at least 30 days. If needed, you can complete your first payment at checkout.
What If I Need To Return My Purchase?
If you need to make a return, contact ModGuns Customer Service to determine their return policy.
How Do I Apply?
Select the Credova banner or an Apply Now or Learn More button on the merchant website to apply. You can also visit www.credova.com and begin the application by clicking the Prequalify button.
If I Am Approved, How Long Is My Approval Good For?
Prequalification approvals are good for 30 days, while full approvals are suitable for 60 days.
Who Can Assist Me If I Am Having Trouble With My Application?
If you have any questions about your financing or need assistance with your application, please get in touch with Credova support at 833-273-3382. You can also email support at [email protected] or visit the Credova website at www.credova.com and select the chat feature from the homepage.
Can I Still Payoff My Contract Early, Even If I Didn't Receive A 3 Months Interest-Free Offer?*
You can buy out of your contract at any time. Remember that you will be responsible for either financing/leasing fees or interest if you do not have a three-month interest-free offer.