If you are searching for the Conn's credit card in 2026, there is one thing you need to know first: Conn's HomePlus went out of business. The retailer filed for bankruptcy in 2024 and closed every store. You cannot apply for a new Conn's card or finance a new purchase, and existing accounts were sold off. Here is the full, honest picture of what happened and what to do instead, as of June 2026.
What happened to Conn's
Conn's HomePlus, a furniture and electronics retailer founded in 1890, filed for Chapter 11 bankruptcy on July 23, 2024. What started as a plan to close around 70 stores quickly became a full wind-down. By late October 2024, the company had shuttered all of its locations, ending roughly 134 years of operations. Its sister brand, Badcock Home Furniture, was wound down in the same process.
The bankruptcy court confirmed the Chapter 11 plan on July 21, 2025, with an effective date around July 31, 2025. So this is not a temporary closure or a brand that might come back soon. The stores are gone.
What happened to existing Conn's credit accounts
Conn's was unusual because it was both a retailer and a lender. It carried a large book of customer financing on its own balance sheet. When the company liquidated, those receivables were sold.
The customer accounts and receivables were sold to a debt buyer, Jefferson Capital Systems, in a transaction approved by the bankruptcy court on November 6, 2024 and closed on December 3, 2024. In plain terms, if you still owe a balance on a Conn's purchase, that debt did not disappear. It was transferred to a new owner, and you are still expected to make your scheduled payments to whoever now services the account. If a balance you owe has slipped into collections, how you handle it from here still affects your score.
This matters for your credit. A Conn's account that was reporting to the bureaus can keep affecting your credit after the sale. Keep paying as agreed, watch for notices about who services your account now, and confirm any new payment instructions are legitimate before sending money.
How Conn's financing and YES MONEY worked
Conn's built its business around offering financing to shoppers who could not easily get approved elsewhere, often people with fair or subprime credit. It offered two main paths.
The Conn's HomePlus store credit card was a closed-loop store card you could only use at Conn's. Like most subprime store financing, it carried high interest rates and was aimed at customers who needed to spread out payments on furniture, appliances, and electronics.
YES MONEY was Conn's in-house installment financing, separate from the store card. It was a retail installment or direct-loan style contract rather than a revolving credit card. YES MONEY was marketed as a way to get approved even with limited or damaged credit, and the contracts disclosed that finance charges could apply, including on default of a cash option or direct loan contract. As part of the wind-down, Conn's stopped offering its in-house credit options, so YES MONEY is no longer available to new customers.
It is worth noting that Conn's financing drew scrutiny over the years for high costs and aggressive terms, which is part of why shoppers should be careful with any subprime store-financing offer.
Where to finance furniture and electronics now
Since Conn's is gone, the practical question is where to turn for furniture and electronics financing, especially if your credit is still building. If you do want to stay in the store-card lane, our roundup of the best store cards for fair credit covers the safer picks. A few honest options to consider:
If you want a card you can use anywhere, not just at one store, an unsecured card beats a store card. Aspire Mastercard is an unsecured option that reports to all three bureaus and works anywhere Mastercard is accepted, so you can use it at any furniture or electronics retailer and build credit at the same time, which is exactly the flexibility a single-store Conn's card never had.
Aspire® Cash Back Rewards Mastercard
Aspire® Cash Back Rewards Mastercard
Aspire® Cash Back Rewards Mastercard. Prequalify* For Up To $1000 Credit Limit. No security deposit. Packed with great benefits, it’s designed to give you more flexibility—and purchasing power—along with up to 3% cash back rewards!** Good anywhere Mastercard is accepted, it’s the go-to card for any lifestyle.
Standout feature
Up to 3% cashback rewards
Fees
$49 to $175; after that $0 to $49 annually; - $60 to $159 annually billed at $5 to $12.50 per month after the first year.
Pros
No Deposit Required. Prequalify for up to $1000 credit limit
Cons
High APR. 25.74% to 36%, based on your creditworthiness.
If you specifically want to pay for a big purchase over time, Perpay uses a pay-over-time model tied to your paycheck and reports your activity to help build credit, which is closer to what Conn's installment and YES MONEY shoppers were looking for, without the subprime store-card rates.
Perpay Credit Card
Perpay Credit Card
Meet the only card powered by your paycheck. With automatic transfers from your paycheck, you can manage payments stress-free and build credit with ease.
Fee
$9/month plus $9 account opening fee
APR
Marketplace: 0% / Credit Card: 27.74% to 29.99% depending on your creditworthiness.
Minimum Deposit Amount
$0
Credit Check
No
Cashback
2% reward on purchases made in Perpay Marketplace
Benefit
2% rewards, no security deposit
Arro Card is another unsecured starter with no security deposit and no hard credit pull to check if you prequalify, and its limit can grow as you use it responsibly, making it a low-risk way to rebuild after a closed store account.
Arro Card
Arro Card
No deposit. No hard credit check. Start with up to $300 and grow your credit line to $2,500 by completing in-app tasks. Earn 1% cash back on gas and groceries — including Walmart and Target.
Standout feature
Unsecured — no deposit required
Fees
up to $60/ year
Pros
1% cash back on gas & groceries
Cons
Starting credit limit: $50–$300
Before you apply for any of these, checking your credit with a monitoring tool like Creditship helps you see where you stand and avoid wasted hard inquiries.
The key lesson from Conn's is to be cautious with store-only financing aimed at subprime borrowers. The interest costs are often very high, and a card you can only use in one chain leaves you stranded if that chain disappears, which is exactly what happened here.
The bottom line
The Conn's credit card and YES MONEY financing are no longer available because Conn's HomePlus went out of business in 2024. If you still owe a balance, that debt was sold to a debt buyer and you should keep paying the new servicer. For new purchases, a card that works everywhere and reports to all three bureaus is a safer foundation than any single-store financing offer.
What users commonly report
Former Conn's customers often describe the financing as easy to get approved for even with weak credit, which was the main draw. The most frequent complaint is cost: many felt the interest and total payments ended up far higher than expected, and some described aggressive collection practices. After the closures, a common source of confusion has been not knowing who to pay or whether a balance still mattered, with people unsure if their account survived the bankruptcy. The general takeaway from these accounts is to keep paying any remaining balance to the current servicer and to be cautious about high-cost subprime store financing in the future.
Frequently Asked Questions
Is the Conn's credit card still available?
No. Conn's HomePlus filed for bankruptcy in 2024 and closed all of its stores, and it stopped offering its in-house credit options as part of the wind-down. You cannot apply for a new Conn's credit card or YES MONEY financing as of June 2026.
Do I still have to pay my Conn's balance?
Yes. Existing Conn's accounts and receivables were sold to a debt buyer, Jefferson Capital Systems, in late 2024. If you still owe a balance, that debt transferred to the new owner, and you are expected to keep making payments. Watch for legitimate notices about who now services your account.
What was YES MONEY financing?
YES MONEY was Conn's in-house installment financing, a retail installment or direct-loan contract rather than a revolving credit card. It was marketed to shoppers with limited or damaged credit and could carry finance charges. It is no longer offered because Conn's went out of business.
Where can I finance furniture now that Conn's is closed?
Consider a card that works anywhere rather than a single-store card. Unsecured options like Aspire Mastercard report to all three bureaus and are accepted broadly, Arro Card is an unsecured starter with no deposit, and Perpay offers pay-over-time financing that builds credit. Compare interest costs carefully before committing to any plan.
