Don't let poor credit stop you from buying a laptop. It is possible to buy a laptop on credit even if your credit score is low and you have negative marks on your credit report.
Finance Charges
Financing a laptop with bad credit means you must be willing to accept one consequence of your poor credit: higher interest rates. Chances are you'll be forced to purchase your laptop computer from an electronics store or department store offering credit at 18 percent interest or even higher.
Rent To Own
If your credit is really bad you can finance a laptop by buying from furniture rental stores that also offer electronics for the home. The stores will allow you to rent the laptops for a few months and then transfer to a rent-to-own program. Other companies advertise on television, touting that they will finance anyone for a laptop--without a credit check. Examine these offers closely to determine if they are right for you. The rent-to-own and no-credit-check options usually end up costing you much more than the actual value of the laptop.
Secured Loans
A secured loan might be an option, especially if you already have money in a savings account at a bank or credit union. That money can serve as collateral for the loan, making approval easy even if you have really bad credit. Alternatively, you could apply for a secured credit card at your bank or credit union and use the card to purchase the laptop. You'll have to deposit money into a savings account as collateral, just as you would for a secured installment loan.
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