Weekly Payment

Foundations Furniture Project, NEFirst Credit Union and The Gateshead Housing Company are working together to help you to furnish your home whilst avoiding getting into long-term, high-interest debt with "rent to own" weekly payment stores.

What's Available

We offer a wide range of new furniture, electricals and appliances which can be paid for weekly at a low interest rate.

We also offer quality second-hand furniture at very low prices (for example £30 for a sofa for low-income households/benefit claimants or around £85 for non-benefit claimants)

How It Works

Anyone over the age of 16 can call into the Foundations showroom to become a NEFirst Credit Union member and apply for an affordable loan to pay for the items you want.

Members and borrowers can then pay in savings or make loan repayments in a variety of ways, including at one of the regular Credit Union drop-in times (3pm until 4pm Monday to Friday).

To find out more about buying from Foundations through NEFirst Credit Union, pop into the Foundations showroom between 9am and 4pm weekdays or call 0191 477 8337. Alternatively, you can visit the NEFirst Credit Union Website

Here's How One Local Family Has Benefitted and Made Huge Savings...

In July 2016 Mrs A applied for a NEFirst Credit Union loan at Foundations Furniture for new household items. She selected a corner sofa, a reclining chair, a dining table with six chairs, a sideboard and a gas cooker.

For goods costing £1,100, Mrs A will pay no more than £1,538 over two years with a NEFirst Credit Union loan (£14.79 each week). However, depending on her circumstances, she may pay as little as £1,521 (£12.03 per week).

High-street weekly payment stores and “rent to own” schemes offering finance on new furniture and electrical items would have charged Mrs A £6,318 by the end of a three-year agreement.*

FOUNDATIONS HAVE THEREFORE SAVED MRS A AT LEAST £4,780.

(*Prices based on cheapest available comparable products from a highstreet weekly payment store 1/9/2016.)

Use our contacts page to find out more, call in to our showroom or give us a call on 0191 477 8337.