Fortiva Financing: How It Works

Fortiva Financing offers a flexible way to pay for your furniture with manageable monthly payments. If you applied for Synchrony financing and were not approved, you are automatically considered for Fortiva — no separate application needed. This applies to both in-store and online applications. Approval amounts typically range from $2,000 to $7,500.

How to Apply:

• Automatic consideration: If you are declined for Synchrony financing in-store or online, you are automatically sent to pre-qualify for Fortiva
• Pre-qualification uses a soft credit check that does not affect your credit score
• If pre-qualified, a paper credit application and two forms of ID (including one photo ID) are required in-store
• A hard credit check is only performed if you accept the financing offer
• Fortiva reports to all three major credit bureaus (Experian, Equifax, and TransUnion)

Financing Terms:

• Interest rate: 35.99% simple interest
• Deferred interest promotions: Well-qualified buyers may be offered 6 or 12 months of deferred interest. If paid in full within the promotional period, no interest is charged.
• Annual fee: $99 per year, charged on your first bill and every year the account remains open
• No down payment required unless your purchase exceeds your approved credit limit
• Sales tax is included in the financed amount

Understanding Simple Interest:

Simple interest means you are charged interest on the original loan amount annually. That interest is divided evenly over your repayment term. If you pay off your balance early, you avoid paying the remaining interest.

Important Details:

• 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
• Keep your account open by paying the annual fee each year
• Approval amounts typically range from $2,000 to $7,500
• If you are not approved for Fortiva, you will automatically be considered for the Koalifi lease-to-own program

Frequently Asked Questions:

Q: How do I apply for Fortiva financing? 

A: If you apply for Synchrony financing and are not approved, you are automatically considered for Fortiva — no separate application is needed. This works in-store and online.

Q: Does applying affect my credit score? 

A: Pre-qualification uses a soft credit check with no impact to your credit score. A hard credit check is only performed if you accept the financing offer.

Q: What is the interest rate? 

A: Fortiva charges 35.99% simple interest. Well-qualified buyers may be offered 6 or 12 months of deferred interest, where no interest is charged if the balance is paid in full within the promotional period.

Q: Is there an annual fee? 

A: Yes. Fortiva charges a $99 annual fee on your first bill, and it continues each year the account remains open.

Q: What happens if I'm not approved for Fortiva? 

A: You will automatically be considered for the Koalifi lease-to-own program, which does not require a credit check.