Image via WikipediaIf you have excellent credit most alternative financing programs is not for you. You would be a lot better off going directly to one of the major computer companies online to process your application.
In some cases you may not know if you have less than perfect credit. The easiest way to determine your credit history is to order a copy of your credit report. You can do this by searching online for free credit reports. A lot of online companies offer free credit reports with a monthly fee if you stay with there program for over 14 days. If you decide to use these types of services, make sure to cancel their program once you have receive your credit report.
Once you have received your credit report, check to see if you have any closed accounts, accounts in collections, more than 2 late payments, judgments or out standing debts that were not paid off. If you have any of the above, you will need to apply with a no credit check computer alternative financing program. With any of the above items on your credit report, you would be wasting your time by applying with any of the conventional companies for financing. They would only reduce your credit rating by adding another inquiry on your report.
A lot of people feel that they should be able to get approved for a computer loan because they were able to get approved for a new car or home. These types of loans are a lot easier to get because the lender can always take the car or home back if the person defaults on the loan. Whereas, the pc lender has no way to collect a computer from their client. They cannot legally come into a home to collect their computer. Plus a used computer has no resale value to the lender.
If you have any credit problems and you need a new or up-to-date computer system, your best bet would be to go with a no credit check computer loan program. You will generally pay a higher cost for your equipment, but that is just the way it goes with any bad credit or bad credit-financing program.
One of the things you want to look for is a company that offers new up-to-date brand name computers. What would be the point of buying an out-dated system that can't handle everything you are trying to do.
Another option that is good to look for is an upgrade program. Some lenders will offer you the option to upgrade your system over a period of time. This can be a great help to you because systems change every year and sometimes you will need to upgrade your pc to handle many of the new software programs.
The best place to find these types of lenders would be to do a search on any of the major search engines. Many lenders offer bad credit financing, but make sure that company clearly states on their website that they offer funding with no credit checks. If this statement is not on their website, there is a good chance that they will check your credit. You should avoid these types of companies because they will only turn you down and reduce your credit score. Only apply with firms that offer new computer systems with no credit checks.
No Credit Check Computer
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source: http://www.articlesbase.com/loans-articles/no-credit-check-computer-1892521.html
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