How easy is it to apply?
Very easy! Online applications only require basic information and you can receive an approval in seconds.
Why would I choose this over a credit card or layaway?
We offer easy monthly payments, and our interest rates have been designed to be competitive and lower than a credit card in most cases (depending on your credit worthiness). Also, our loans will not go on your credit record unless you default on payment, and we do not make credit inquiries to your file.
In comparison to layaway, you get your merchandise right away, once approved. No waiting.
With our layaway option, you pay us over 3 months, and at the end we ship your firearm. With financing, you can receive your firearm right away and then pay.
What will you finance?
Currently, we finance firearms with a minimum purchase price of $300. We also finance firearm optics. We basically finance anything we have for sale.
Can I purchase online?
We will gladly finance firearms purchased online from our dealer partners. Please fill out an application by clicking here.
Is there a minimum purchase amount? Is there a maximum?
We currently have a minimum purchase to finance of $300. The maximum amount is $3500.00.
Is my information safe?
Absolutely! We take great care in protecting the information and privacy of all of our customers. We will not divulge your information to any third party.
We take the security of our customers’ information very seriously. Our website uses the latest SSL (Secure Sockets Layer) technology – the industry standard for encryption technology. It is used to create a secure transaction environment for commerce on the Internet. If your browser, and local network support the use of encrypted data transmissions, our secure application system, secures your personal information passed from you to ARC90 in encrypted packets, making it extremely difficult to be intercepted by an unauthorized party. SSL technology is compatible with Netscape, Internet Explorer, AOL, Web TV and most major browsers. It is the same level of encryption technology used by NASA and the CIA. In order to add another layer of security we also encrypt all sensitive information stored in our database.
Can I finance more than one firearm at once?
You may finance as many firearms at once as you choose, depending on our credit process
I have bad credit, will you finance me?
We use various credit tools to assess each borrower. We will do our best to work with all borrowers. In certain cases will may need to approve you for a lower amount, charge a higher rate, require a down payment, or require a guarantor.
How much will I be approved for?
Depending on your application details, we can approve you between $300 and $5,000
What if my total order cost is greater than my approval?
You can finance up to the full amount of your approval. If your order cost exceeds your approval amount, you will be required to pay the difference before the order will ship.
What type of financing is offered?
Credova is partnered with a network of financing options that offer retail installment sales contracts (RISCs) and/or closed-end consumer lease agreements.
What is the difference between a RISC and a closed-end consumer lease agreement?
With a RISC, you are purchasing the item and agreeing to make installment payments over a specific term plus any associated interest rate. A closed-end consumer lease agreement doesn’t have an interest rate, but rather 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 finance with a company offering a closed-end consumer lease, with each monthly payment, you will pay leasing fees. These fees represent the premium charged by the lessor for allowing you to lease an item and will vary depending on customer approval information. Please review your offer/s carefully prior to 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 over an annual basis commonly referred to as the annual percentage rate (APR). With a RISC, the system considers more than just your credit and your interest rate will vary based on the information provided. Please review your offer/s carefully prior to completing your agreement.
Am I locked into my financing contract for the full term?
Not at all. Whether you are using a RISC or closed-end consumer lease, you can payoff your balance at anytime and there are never any prepayment penalties!
What Information do I need to apply?
Open/Active checking or savings account
Government issue photo ID
Social Security Number
Phone Number and Address
How often are payments made?
Payments are made on a monthly basis.
When will my purchase be shipped to me?
Please keep in mind, if you order a firearm it must be shipped to your local FFL dealer rather than your home address. For shipping timing and tracking, please review the shipping policies.
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 required, you will be able to complete your first payment at checkout.
Can I finance a firearm if I am out of state?
Yes, you can finance a firearm out of state. Certain restrictions may apply. Please be aware, all purchases must be picked up from your local FFL dealer.
How do I make my monthly payments?
In many cases, all you need to send us is proof of employment like a pay stub and a photo I.D or drivers license. This requires you to email or fax us that information.
Are there processing fees for finance orders?
Yes. Orders less than $300 will attract a processing fee of $25. However, there are NO processing fees for orders above $300.
How long does it take to get my firearm approved?
Once we receive your application we will contact you within 24-48 business hours.
Do you fund purchases outside of the lower 48 United States?
Currently, we only work with customers and dealers located within the lower 48 states.
Do I need to re-apply every time I want to finance a firearm?
We will work with you to make additional purchases as easy as possible. The credit line is revolving.
What if I miss a payment?
Our customer service agents will work with you to keep your account in good standing. Fees for missed payments may be charged.
Can I prepay the financing?
Absolutely, we allow borrowers to prepay at any time without penalty.
I do not live close to the retailer. Can I finance a firearm?
Yes. Please submit an online application below. If approved, email us with the firearm you would like. Please include the retailer’s price in the application. If approved, our retail partners will ship the firearm to you.
The below application is secured with 56 bit encryption technology to protect your privacy.