University of ArizonaNorton School of Family and Consumer Sciences

New retailer focuses on credit-challenged

A furniture, appliance and electronics store that bills itself as catering to the "underserved and underbanked" is set to open by year's end in central Tucson.

Conn's Home Plus will move into the site formerly occupied by Circuit City on the southeast corner of Broadway and Craycroft Road, Chief Operating Officer Mike Poppe said.

He said the company caters to "the blue-collar, working class that doesn't have access to credit."

No-interest financing and rent-to-own options are available for customers to purchase mattresses, dining rooms, televisions or washing machines, Poppe said.

Customers with stellar credit will qualify for long-term, no-interest financing; those with hiccups in their credit can use in-house financing for up to 32 months with interest rates in the mid-20 percent range, Poppe said.

Read more of the article at http://azstarnet.com/business/local/new-retailer-focuses-on-credit-chall...



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