Furniture shoppers opting to pay by credit increasingly turned to 12 months IFC, in the final quarter of 2024.
Data from Zopa Bank across its top five retail accounts shows 12 months IFC was chosen by 80% of consumers using credit, an annual rise of 5%. A 12% increase in average order values to £1,093 helped drive demand.
The lender says that its top five retail accounts saw 87% approval rates.
In total, shoppers took out £3.6bn on credit across Zopa Bank’s retail sectors.
