Laptops: “Bad Credit” Financing (Top 15 Options)

Laptops: “Bad Credit” Financing (Top 15 Options)
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Logan Ladnyk
By: Logan Ladnyk
Posted: June 30, 2015
BadCredit.org's popular "How-To" series is for those who seek to improve, rebuild or better understand their subprime credit rating.

More Americans own laptops today than medieval men owned swords. But how can you get one if your credit score looks like it belongs in the Dark Ages?

You’ve got a few options, and we’ll get into a variety of ways you can afford one.

Get a Personal Loan (Options 1 – 5)

Instead of financing a laptop specifically, you could opt for a personal loan and then buy the laptop outright. The five lenders below have been reviewed by the BadCredit team and have received 3 out of 5 stars or higher.

  • Loans from $2,000 to $35,000
  • Bad credit is no problem
  • Large lender network. Available in all 50 states.
  • Use the loan for any purpose
  • Fast approval and funding (as soon as 1 business day)
  • Click here for application, terms, and details.
★★★★★

5.0

Overall Rating

Interest Rate In Business Since Application Length Reputation Score
6.00% and Up 1997 4 minutes 9.5/10
  • Signature loans from $1,000 to $20,000
  • Perfect credit not required
  • Use for anything - emergency expenses, medical bills, car repairs
  • Five minute application
  • Fast approval
  • Large network of lenders
  • Click here for application, terms, and details.
★★★★★

4.8

Overall Rating

Interest Rate In Business Since Application Length Reputation Score
Varies 1997 5 minutes 9.5/10
  • Short-term loan of $100 to $1,000
  • Bad credit is no problem
  • Large network of lenders
  • Loan decision as fast as a few minutes; funding as soon as next business day
  • Required: Income of $1000+/month and at least 90 days on job
  • Click here for application, terms, and details.
             
★★★★★

4.6

Overall Rating

Interest Rate In Business Since Application Length Reputation Score
Varies 1997 5 minutes 9.0/10
  • Short-term loans $300 to $1,000
  • Compare loan offers from multiple lenders
  • Funds wired in as little as one day
  • Specializes in bad credit
  • Must have a job and checking account to qualify
  • Not available in: GA, PA, WA, WV
  • Click here for application, terms, and details.
     
★★★★★

4.5

Overall Rating

Interest Rate In Business Since Application Length Reputation Score
Varies 1997 6 minutes 9.0/10
  • Cash loans of $300 to $1,000
  • Receive cash in as little as 24 hours
  • Options for US, UK and Canadian applicants
  • Bad credit OK
  • Note: Payday loans are designed for short-term needs and may have high interest rates
  • Not available in: GA, PA, WA, WV
  • Click here for application, terms, and details.
 
★★★

3.0

Overall Rating

Interest Rate In Business Since Application Length Reputation Score
Varies 1997 4 minutes 6.0/10

The application process for a personal loan from these lenders can be completed online in about five minutes.

Store-Specific Credit and Payment Plans (Options 6-10)

These can be from any sort of retailer. Usually they come with offers such as no interest for a few months when spending over a certain amount. These five retailers all have a credit card that you might consider applying for and using.

  1. Office Depot’s Personal Credit Account
  2. Best Buy’s credit card
  3. Amazon.com Store Card
  4. Target’s REDcard
  5. Walmart’s credit card
Store-Specific Credit and Payment Plans (Options 6-10)

Best Buy’s credit card could result in interest-free financing for 12 months.

However, when you have bad credit, these are less probable options. There’s an approval process, and only applicants with fair to good credit will be approved. You might get one despite this, though. And hey, applying for and getting a store-based credit card can be the first step to improving your credit score.

Lease-to-Ownership Services (Options 11 – 15)

Lease-to-ownership services function by allowing people to essentially rent products, in this case a laptop, and let those rental payments go toward owning the rented item. By making weekly or monthly payments for one to three years, you’ll be able to use a laptop while paying it off (kind of like a car payment).

Listed below are five notable lease-to-ownership services:

  1. Aaron’s
  2. Rent-A-Center
  3. LeaseVille No Credit
  4. FlexShopper
  5. Abt
Lease-to-Ownership Services (Options 11 - 15)

LeaseVille offers laptops and accessories with payment plans that can work for anyone.

Services like these help those with no, little or bad credit keep up with people who’ve been lucky enough to avoid financial issues, but if you go this route, you’ll be paying more than double the retail price of the laptop before you actually own it.

The laptop you always wanted is out there. You just have to go get it.

Photo sources: personalloans.com, bestbuy.com, leasevillenocredit.com