It wasn't so long ago when financing a computer with bad credit was next to impossible. The option for people with bad credit was to put a computer on layaway. Of course you could always rent to own a computer, but how many people used it before you? If you did rent to own a computer you would have paid up to four times the retail value.
It took awhile, but financing companies are finally starting to realize that not all people with bad credit are unable to afford payments on new products and services. There are many variables that can bring one's credit rating down such as bankruptcy or divorce. It's not always as simple as failure to pay.
In todays world it is easy to get your computer financed with bad credit and no credit check if you know where to go. There are even a couple of different payment options. This is because there are people who would prefer to put money down in exchange for a lower monthly payment, and others who prefer a no money down option.
Some let you put a laptop or desktop computer on what is referred to as layaway. Though similar, it really isn't true layaway because you get to have your computer before it's fully paid for. When you put a computer on layaway like this, what you're really doing is showing the financing company you can be trusted to make your payments. Normally you'll make payments for a few months before your computer is shipped.
To get your computer financed with bad credit, no credit, or without a credit check, you'll still need a valid checking account in most cases. This is to your benefit since you can actually make payments using your checking account and you don't need a credit card. Some computer financing companies will even help you get a prepaid credit card.
Just remember, when you put a PC on layaway through a retail outlet, you'll have to pay in full in about 90 days. If you rent to own a PC you're going to be over charged in a big way, and chances are the computer has already been used before. When you go through a financing company, your PC will be brand new, out of the box.
If you can afford a good down payment on a computer, that would be your best option since you can get your new computer right away, and the payments aren't that much higher than if you would have had good credit. When you can't afford a sizeable down payment, the best thing you can do is make extra payments when you can so you'll get your PC sooner.
Bad credit computer financing makes it possible for just about anyone with an income to get a computer without the hassle of a true layaway deadline or being overcharged by a rent to own company. Not to mention, many of these companies offer name brand desktop and laptop computers like DELL, and in the end, only you know what payment option best suites your needs.
