Fortiva Financing - A Flexible Way to Pay

Fortiva Financing offers a convenient way to pay for your purchases with manageable monthly payments. Here's what you need to know:

How it Works:

• Easy Application: First, you'll be prequalified using a soft credit check. (This does not affect your credit score.)
   
• Quick Approval: If prequalified, we'll need a completed paper credit application and two forms of ID (including a photo ID that we'll keep a copy of). A hard credit check is only performed if you accept the financing offer. (This could affect your credit score.)
• Credit Reporting: Fortiva reports to all three major credit bureaus (Experian, Equifax, and TransUnion), so responsible use can help build your credit history.  
   
• Multiple Tiers: Fortiva has a multi-tier approval system, meaning your financing terms will depend on your creditworthiness.

Financing Tiers:

• Highest Tier:
  • Enjoy 6 months of deferred interest (no interest accrues if paid in full within 6 months).
  • 29.9% simple interest rate after the deferred interest period expires.
  • $99 annual fee (charged on your first bill).
• Lower Tiers:
  • 35.99% simple interest rate.
  • $99 annual fee (charged on your first bill).
  • There is no deferred interest period.

Understanding Simple Interest:

Simple interest means you're charged interest annually on the original loan amount. This interest is then divided evenly over your repayment term. If you pay off your balance early, you'll avoid paying the remaining interest!  

Example:

Let's say you borrow $1,000 at 20% simple interest for 12 months.

• Total Interest: $1,000 x 20% = $200
• Monthly Interest: $200 / 12 months = $16.67
• Total Cost: $1,000 + $200 = $1,200

Key Features:

• No Down Payment: Usually, no down payment is required unless your purchase amount exceeds your approved credit limit.
• Convenient Payments: We include sales tax in the financing, making it easy to manage your payments.
• Offer Expiration: You have 21 days to accept your financing offer.
• One Year to Use: Once accepted, you have one year to use your Fortiva credit line.
• Open Credit Line: Keep your credit line open by paying the annual fee.

Important Notes:

• Automatic Fortiva Consideration: If you apply for Synchrony financing in-store and are declined, you'll automatically be considered for Fortiva.
• $99 Annual Fee: A $99 annual fee is associated with the Fortiva account.
• Approval Amounts: Typical approval amounts range from $2,000 to $7,500.
• Online Applications: You cannot apply for Fortiva financing directly on our website. Please visit our store to apply.

Have questions? Our sales associates are happy to help! Just ask for more information about Fortiva Financing.