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Computer Financing With Bad Credit
May 30, 2007 |
You’ve got a good job, steady income, pay your bills on
time, yet can’t even get financing for a candy bar. Many
people find themselves in this very situation after
unexpected unemployment, divorce, or bankruptcy. Maybe you
haven’t been able to establish a line of credit at all, good
or bad. So how can you finance a new computer with bad
credit?
One way to finance a computer would be to get a small
personal loan from a bank or credit union. Personal loans
are probably the easiest to secure, especially if you have
some form of collateral. This of course is not going to be
an option for everyone, but it’s worth a shot and will be
the cheapest way to get your computer financed with bad
credit.
Financing a computer with bad credit through a rent to own
store is something just about anyone with an income can do.
Though you’ll likely be able to get a computer this way, it
isn’t highly recommended since you could end up paying up to
three times the retail value of a most likely used computer.
Rent to own should be a last resort.
Put a computer on layaway at a retail outlet like Wall Mart.
If you have a sizeable income, but just don’t have good
credit, this may be a viable option for you. The only draw
back with putting a computer on layaway through a retail
outlet is that it will be a shelf computer meaning “as is”
and you’ll need to pay in full in about 90 days.
In recent years there have been computer financing companies
willing to take payments via check by phone provided you
have a valid checking account. If you have poor credit and
want to get guaranteed computer financing, and need to break
up the payments, plus pay what the computer is worth, this
is going to be a very good option for you.
Computer financing with bad credit isn’t always easy, but it
is possible. Ironically, you are likely going to pay
slightly more for financing with bad credit than you would
have if your credit was good. On the bright side, you may be
able to boost your credit rating a little bit if you keep up
on your computer payments.
Editor at Cheapest Service Providing quality Computers and accessories.
Tags: consolidation, bad credit auto loan
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