How to Get Help With Computer Financing With Bad Credit

When you have bad credit, it may seem impossible to get enough money to finance a computer. But just because you have bad credit, you don't have to put your dreams of entering the technological world on hold. There are several options available to get your computer financed, even while having a bad credit score.

Instructions

1

Rent to own the computer. Although you could possibly end up paying twice as much in interest fees, virtually anyone can get a computer by renting to own it. These companies don't do a credit check so they absorb the risk by raising the interest fee. Rent A Center offers both laptops and desktops, and you can start your order online.

Additionally, when you rent to own a computer, the company is responsible for any repairs during the term of your agreement. If your hard drive crashes six months after the purchase, the rental center will replace it at no cost to you.

2

Finance through a computer firm. Choose a company that specializes in providing computers to individuals with bad credit, such as Blue Hippo. You make an initial down payment and then pay a fee each week for the next year. After six to 13 weeks of consecutive payments, Blue Hippo will finance the remaining balance and ship the computer to you. The term is only for one year, and you will own the computer outright after the term is up. You can even pay the computer off sooner if you choose.

3

Take out a personal loan through a bank or loan company. A bank might not approve you with bad credit, but you can almost always get a personal loan through a loan company. Most loan companies are designed to help people with bad credit, although the interest rate will be higher than going through a traditional bank.

4

Apply for a credit card. For a list of the top credit cards available to people with bad credit, visit the Credit Cards Assist website. If the credit limit you are offered isn't high enough to cover the entire cost of the computer, consider saving up some cash or combining this with one of the other options listed. Make the monthly payments on time to avoid late fees or a spike in interest rate.

5

Finance through the computer company. Some companies, such as Dell or Gateway, offer financing options for their computers. It works much like a credit card, as you will receive a statement monthly by mail or e-mail. The interest rate is usually high, but they sometimes offer plans that offer no interest if the computer is paid off within nine months.