FREQUENTLY ASKED QUESTIONS
How will applying for financing affect my credit?
We access your credit file through a soft-pull inquiry from the credit bureau to determine financing eligibility. Soft-pull inquiries do not adversely impact your credit rating. Once you have accepted your financing offer you will be asked to review and agree to Application Consents and Disclaimers and complete the identity verification process. At that point a hard credit pull will be initiated to confirm final approval.
What are the program rates and terms?
The annual percentage rate (APR) charged will range from 12.99% and 23.99% and will remain fixed for the duration of the loan contract. Your interest rate and high approved amount will be dependent on your earned FICO score. The minimum amount financed is $500 with a maximum of $7,500. The financing terms range from 18 to 48 months based on the total amount financed. There are no prepayment penalties. The first contractual payment installment will be due 30 days from the date of signed documents and each month thereafter. Subsequent monthly installments will be made through the borrower’s method of payment each month. Not all buyers may qualify.
Example: APR 12.99%. Loan amount $1,500, 36 monthly payments of $50.53.
Are there any pre-payment penalties for paying off the loan early?
You may pay off your contract in full at any time without penalty.
What is Same-as-Cash?
To qualify for an offered same-as-cash promotional program, the minimum amount financed must be $1,000. The contract for your purchase may be paid in full at any time within the Promotional Period indicated on the contract from the date of disbursement (“Promotional Period”), and upon payment in full of the promotional balance within the specified period, any accrued finance charges will not be charged to your account. Regular monthly payments in the amount shown on your contract will be due on the monthly date during the Promotional Period in accordance with the payment schedule shown on your contract. However, larger payments may be made at any time to pay the promotional balance in full before the end of the Promotional Period. If you do not pay the promotional balance in full within the Promotional Period or if you fail to make all regularly scheduled payments during the Promotional Period in full and on time, then the accrued finance charges will be charged to your account.
How long do I have to spend my full approved amount?
The high credit approval is good for 90 days on your current application only. Any subsequent requests must be submitted through the same application process and will be re-evaluated. This product is not a revolving line of credit. A new credit report will not be pulled if within 90 days of previous application.
What happens if I change, cancel, or return my order?
All financing contracts are final. If you need to return your order, contact Grab-a-Gun to discuss a store credit minus a re-stocking fee.
How do I make payments?
Your payments will begin 30 days from the date you sign the loan contract. Your loan will be serviced by our partner, ZuntaFi. You will receive an email from them with your new account information and payment methods. You will have both a web based and mobile portals to submit payments, update account information and monitor your account. With questions regarding your account please contact them at (800) 521-7806 or [email protected]