If you want a computer with features that will help you do the most work with the least amount of money, we will show you some of the best computer financing options that don’t require a credit check.
You can buy a computer without worrying about your credit score with a personal loan, a “buy now, pay later” plan, a “rent-to-own” plan, or a “direct financing” plan. Customers with bad or poor credit can rent or buy something now and pay for it later through a number of companies.
In a Nutshell: Getting a computer loan with no credit check
To live a modern life, you need modern solutions, which can be found in newer technology. Like everything else in the world today, computers and laptops have been replaced by newer and faster versions. These days, computers can do everything. But when it comes to money, it can be hard to get such ease.
Not everyone has enough money to buy such things. Because of this, many companies offer rent-to-own or buy-now-pay-later options to customers, even if they have bad or poor credit. We have come up with the best financing options for your problem to make your lives easier and more affordable.
Even if you have bad credit, you can still get a personal loan to pay for your computer. But the loan amounts you can get here aren’t very big, but making payments on time will help you build your credit. There are a number of companies that offer personal loans for financing a computer with no credit check.
People who want to buy laptops to get their work done quickly and easily can get personal loans from CashUSA. You only have to fill out a short loan request. As soon as you are accepted, the lender tells you exactly how much you will pay in fees and interest before you accept their offer.
You get a decision on the loan in minutes. Most loans are between $500 and $1000, and the money goes straight into your bank account. CashUSA’s annual percentage rate (APR) is between 5.99% and 5.99%, depending on the customer’s creditworthiness and the lender.
CashUSA offers personal loans with terms that range from 3 months to 72 months. Just make sure you are over 18 and a US citizen with a checking account.
MoneyMutual is another online marketplace where you can find lenders who can help you get the money you need. It has a quick and easy form, and lenders make decisions quickly. Millions of people trust it. All you have to do is give the lender your information, wait for them to look it over, and then get your money.
It doesn’t take more than a few minutes to fill out an application. After 24 hours, the money will be in your account. In terms of loan amounts, you can get short-term loans of up to $5,000 with interest rates that change depending on how much you borrow.
MoneyMutual also has different loan terms. It is not yet available in NY and CT, though. Also, the process of applying does not cost you anything.
3. The website CreditLoan.com
People with bad credit are usually hesitant to apply for a loan, which is kind of understandable. Several lenders do a hard check of your credit history to see if you can pay back the loan or if you have any negative balances in your account.
To get a personal loan to pay for a computer, all you have to do is get your paperwork together, find a cosigner, ask for the amount you need, and pay back the loan on time. CreditLoans usually gives out loans of between $250 and $5,000, with interest rates and loan terms that vary.
Within 24 hours, you’ll have the money in your account. Not only that, but CreditLoans also helps you raise your credit score if you make payments on time.
Financing for Rent-to-Own
Before we talk about rent-to-own computer financing options, it’s important to know how this type of financing works. It is a deal between a borrower and a lender in which the lender rents an item to the borrower for a certain amount of time.
Customers who choose to rent-to-own do not have to pay interest, but they do have to pay leasing fees. Payments are spread out over the length of the lease. The buyer can pay in several installments, and at the end of the lease period, they can either buy the item or give it back.
Aaron’s lets you rent a computer with affordable monthly payments instead of making big payment upfront. On top of that, financing computers, desktops, tablets, and laptops do not require credit. It might do a soft credit check before giving the loan, but it doesn’t have a set credit score requirement.
Aaron’s has brand-name products with affordable payments and free delivery right to your door. If you need service or repairs, they will also do that for you. The company will pay you every week, every two weeks, every two months, or every month.
To get financing from Aaron’s, you need to give your name, address, phone number, SSN, government-issued ID, proof of income, and at least three references.
Rent-2-Own lets you rent high-quality laptops, desktops, and other devices without checking your credit or charging you a lot of interest. They have the best brands of technology and offer fast, free delivery and service if anything goes wrong with the computer you rent from them.
Rent-to-Own lets you pay weekly, biweekly, or monthly, and you also have the option to pay the same as cash after 120 days. With an active rental agreement, you can even earn Gold, Platinum, or Diamond level status by joining The Club, a feature on their platform that lets you use points to get extra benefits.
To apply for Rent-to-Own financing, you need to check with the store near you and pay the first payment when you check out.
3. The Rent-A-Center
Rent-A-Center has a financing option for computers where you can get powerful laptops and flexible payment plans. It has a wide range of top-of-the-line computers that can help you get your work done without having to pay a lot of money at once. Before approving you, the company checks your credit, but it doesn’t need to know anything about your credit history.
It gives you a payment plan where you can pay weekly, biweekly, semimonthly, or monthly, depending on what works best for you. You can get powerful gadgets with great graphics and even portable ones that will help you get more done.
To get a loan from Rent-A-Center, you need to give your name, a source of income, and contact information that can be verified, and two to four references.
Financing for “Buy Now, Pay Later”
The Buy Now Pay Later financing plan is set up to be an installment loan that customers can get at the point of sale. This way, they can buy things and pay for them over time. In this, buyers usually have to pay a certain amount up front, and the rest can be paid off at a certain time.
Every company that offers BNPL has its own rules about how much you can borrow and how you pay for it. Most of the time, you buy something from a store that offers BNPL, pay 25% upfront, and pay off the rest of the cost in interest-free installments.
1. Fingerhut Logo
Fingerhut Logo is an online store that lets people buy laptops and computers. It also helps people build credit and shop with low monthly payments. It has a Fingerhut FreshStart Account for new customers and Fingerhut Revolving Credit, which has a higher credit limit.
Here, all it takes is 3 on-time payments to raise your credit line. The company also sends information to all three credit bureaus and doesn’t charge any hidden fees. If you have a real Fingerhut credit account, you can get low monthly payments and no fees for applying or going over your credit limit.
Pay $8 per month for a purchase of $99, $14 per month for a purchase of $199, $29 per month for a purchase of $399, and $46 per month for a purchase of $799.
2. Seventh Street
Seventh Avenue Credit has a “Buy Now, Pay Later” option that lets you buy your favorite laptops, computers, or tablets now and pay for them later. Seventh Avenue has in-house credit plans with low payments that are easy and quick to get approved for.
If you pay on time, you can even get higher limits and improve your credit score. If you pay $5 more per month, you can buy up to $200 more items. Even if you have bad credit, Seventh Avenue doesn’t care because you might still be able to use one of their flexible down payment options.
Pay up to $200 and pay only $20 per month, pay only $25 per month for a $400 purchase, and pay only $30 per month for a $600 purchase.
Direct Financing is another type of special financing you can look into if you want to buy a computer but don’t have good credit. Here, you can buy products straight from the company, in our case computer brands. Only a small number of them offer direct financing, like:
At Apple, you can buy the things you want by making interest-free payments every month. To do this, you must use the Apple Card Monthly Installments when you check out.
If you want to get financing from Apple, you need to have good credit. When you buy things from Apple with your Apple Card, you can pay monthly with 0% APR and also get 3% Cashback every day.
You need an Apple ID, an iCloud account, a valid email address, two-factor authentication, and a credit check to apply for Apple’s direct financing.
Dell has its own credit line called the Dell Preferred Account, which can help you pay for your purchases and get high-quality technology through flexible payment plans. You can use the financing to buy a wide range of products, make low monthly payments, and get an early start on sales.
Just send in your application and wait for it to be approved. You can get $50 in Dell Rewards when you sign up for a Dell Preferred Account. It also doesn’t charge interest if the full amount is paid off in six months or 12 months for purchases over $299 and $799, respectively.
To get financing through the Dell Preferred Account, you must live in the US and let WebBank or Dell Financial Services check your income and credit references.
Does getting a computer on credit hurt your credit?
It’s hard to say if financing a computer will hurt or help your credit score. The truth is that it’s different for each company. Most of these loan companies, rent-to-own companies, and “buy now, pay later” companies do report your payment history to Experian, Equifax, and TransUnion.
Your credit score will go up if you are responsible enough to make the payment on time. On the other hand, it could hit rock bottom if the company takes a stand against your late payments and tells these agencies about it.
Platforms that let you buy a computer without checking your credit offer affordable payment plans. These application processes are quick and safe, and they protect your information in the best ways possible. If you want to buy a gaming PC, a tablet, a desktop, or a laptop but don’t have enough cash on hand, these are all one-stop solutions for you.
In conclusion, the effect on your credit score will depend on the type of financing you choose and the company. Even if you have bad credit, you can still get a computer with low payments as long as you pay on time.