How to Finance a Refurbished Computer With Bad Credit

If you have bad credit, you may mistakenly think that you do not have the ability to secure financing on big ticket items such as refurbished computers. Refurbished computers are models that were used and then sent back to the manufacturer to go through the refurbishment process, including potentially adding new software and battery. You can find companies that offer financing on refurbished computers to individuals with bad credit.

Instructions

1. Locate companies that have financing options for refurbished computers and offer loan options for bad credit customers. Some online companies you can check out include Blue Hippo and Cheapest Service.

2. Browse the refurbished computer models in the company's inventory. Review the computer's condition and specifications. Find the cost of the refurbished computer to determine how much you will need to borrow.

3. Check the requirements to receive the bad credit financing. Although a poor credit score may be acceptable, financing companies may require that you have a job for at least six months and have a valid checking account. Some loan agencies may also require that you prove that you earn a set income.

4. Compare the loan rates. Determine the annual percentage rate for each loan company before you apply for financing for a refurbished computer. Since you have bad credit, the loan rates are likely to be high.

5. Apply for the bad credit computer loan. You need to provide your name, contact details, household income, social security number, job history and checking account information. As long as you meet the company's requirements, you should receive instant approval.

References

• Blue Hippo
• Cheapest Service