Citizens and The Tile Shop partner to provide flexible financing options for home design projects

The new partnership will enable retailers of homebuilding materials and accessories to offer shoppers a more affordable financing method

Citizens Pay, a market leading consumer instalment-financing solution from Citizens, is the exclusive financing partner for The Tile Shop, giving customers shopping at one of the retailers’ 143 showrooms across the country access to convenient, flexible payment options.

“Budgeting and paying for home projects can be stressful, but by removing some of the financial barriers through predictable, low-interest monthly payment options, we can empower and better equip homeowners to turn their inspiration into reality,” said Christine Roberts, Executive Vice President and Head of Citizens Pay. “We are excited to partner with The Tile Shop to provide their customers with the financial flexibility to responsibly manage and pay off home improvement projects over time.”

Citizens Pay financing is now available in-store at all 143 The Tile Shop showrooms, and online. Customers who qualify will benefit from Citizens’ ability to offer low interest rates and monthly payments.

In addition to flexible payment terms, there are no prepayment penalties or membership fees.

“Partnering with Citizens Pay to offer trustworthy and convenient financing for our customers is an extension of our commitment to excellence across the customer experience,” said Mark Davis, Vice President of Investor Relations and Chief Accounting Officer at The Tile Shop. “Home renovations and design projects are a highly considered purchase and investment, and this new financing option will empower our customers to make their dream home projects a reality, without compromising their design vision or budget.” 

A recent Citizens Pay survey found that among American consumers considering buying a new home, 36 percent wish they had the financial flexibility to afford home renovations. The survey also found that financial flexibility to make big ticket purchases is the top benefit that consumers cite for using buy-now-pay-later services, with 45 percent preferring buy-now-pay-later options with longer-term financing.