Financing A Computer, Or Laptop With Bad Credit
The objective of this information is to teach about the available options if you
are looking to finance a new computer, or laptop, but have bad credit.
More and more, the computer is becoming a household necessity. Like running water, electricity, a telephone, etc. every home should have a computer with internet connection. In fact, with the ability now to watch your favorite shows online, or download any movie, many would even say that you need a computer in your home, more than you need a TV!
But even considering the fact that prices have come down over recent years, laptops and computers are very much a major purchase item. It can still cost over the $1000 price range to get a good quality computer that has all the desired features.
Many people just do not have the ability to make this kind cash payment, not even taking into consideration the sales tax involved. Consequently there will be a necessity for some type monthly payment finance plan. But if you happen to be one of the millions of Americans with a poor credit history then you already the difficulties in any type of financing. But these Americans still need things in life. There is still the need for financial services.
So how can you finance a new computer, or laptop, with bad credit?
One option to buy a computer with bad credit would be those rent to own stores. There are no credit checks. If you have bad credit you will definitely be able to purchase a computer this way. However you should be aware of a little bit about how rent to own operates. A significant majority of your weekly or monthly payments goes to the rent portion and just a little goes to the own portion. So by the time you've finish the rent to own agreement you could of bought two or three computers. For this reason, rent to own may not be the best option. In fact, we recommend that rent to own should only be a last resort if you're unable to finance a computer any other way.
Fortunately, there is another way. There is a much better option. There are companies whose only business is providing computer financing. They warehouse and stock the computers. They can even custom build a computer. And they ship the computer directly to you. They will allow you to make affordable monthly payments on the computer. And, they have programs available specifically for people with bad credit. And on top of this, they report your good monthly payment record to the credit bureaus. This means they actually help you to rebuild your credit.
There are no credit checks to purchase a computer. Bad credit will not stop you from financing a computer. The basic requirements are that you need to verify who you are (driver's license, social security card), your physical address, your monthly income (pay stubs, retirement, ssi payments, etc). They will require an active checking account, or credit card. This is because the monthly payments are set up by auto debits.
Payments start as low as $20 per month, depending on the computer model. And, you will not greatly overpay the computer's value like with rent to own. So if the requirements just explained are agreeable to you, then we recommend this as the best computer financing option for people with bad credit.
We hope this article has been a help to you. Our goal is to provide information to make you aware of your alternatives and assist you in determining what the best choice is for you.
by: Greg Ford
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