How to Finance Laptop Computers
If you are looking to purchase a new laptop computer but don't have the money, you must finance the computer. There are several options, from taking out a loan from your bank to asking the retailer to provide financing. Regardless of which you choose, your credit score has a big impact on whether you can finance the laptop and how much it will to cost in the end.
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Instructions
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Talk to the retailer you wish to purchase the laptop from. Most offer some sort of financing for larger purchases. Before they decide to provide financing, they will run a credit check. This tells them whether you are a good credit risk. If you have a poor credit score, they may not be willing to finance the laptop for you.
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Go to different stores that sell the laptop computer you wish to purchase. Some will be more willing to provide financing than others (even when you have a poor credit score).
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Visit your local bank branch. Most offer small loans created specifically for this kind of purchase. If you are a customer of the bank, you are more likely to receive the loan, regardless of your credit score. However, the lower your credit score the higher the interest rate will be.
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You might consider a paycheck advance facility if you are in desperate need of the laptop. They give a cash advance on a customer's next paycheck and typically give roughly thirty days to pay the amount off. If you know you are going to have the money soon, this can be an OK way to finance the computer. However, the interest rate skyrockets after the thirty day period, so if you're not sure you can repay within thirty days, it is wise to avoid this method of financing.
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Tips & Warnings
Check out "BlueHippo.com." This is a website that sells products such as computers and televisions and does not run a credit check. You are put on a specific payment plan with a set interest rate. As long as you make your payments on time you will not be penalized for having a poor credit rating.
