Everybody knows that bad credits limit our purchases because it is almost impossible for a person with bad credit to get whichever kind of financing.
There are many people who would like to get a new laptop but they cannot get laptop financing for the very same reason- they have a bad credit. But does anyone actually know what bad credit means? If you are of the 90% which do not know it, then you should not worry because I am going to make it clear right now!
Basically, the financiers use the term “bad credit” for describing the poor (low) credit rating. That means that people with bad credit are not reliable enough because of lower salaries, late payments, skipping payments, exceeding limits and so on. And as we already said: when a person already has bad credit, he or she has no chance of being approved for another credit. And when you think about it, you will understand that it is pretty logical: which bank would give a credit to a person who cannot make the payments even of his or her first financing.
However, you should not be desperate because there is still a chance of your getting financing for a new laptop. Let’s not neglect the fact that laptops are not so expensive and you go not need a serious sum of money for a purchase of that type. Furthermore, there are some tips which I could even call “tricks” because they could really help you get laptop financing even if the situation looks hopeless.
For example, you could buy your new laptop using the service of a computer club. All you need to do is searching on the Internet and you will certainly find at least one or two computer clubs which could offer a laptop to a person with a bad credit also.
Of course, you should know that the terms and conditions of your laptop financing will probably not be very favorable. Let’s fact it- you are the one who depends on the finance, they do not care whether they will miss a client like you (with bad credit). However, I am going to make it clearer what I mean by saying “unfavorable terms and conditions”. Firstly, I will start with the interest- you can expect that the rate of interest will reach 18%. Yes, I know- it is huge! That rate of interest is much higher than the one offered by the finance companies and even higher than the rate of interest offered by dealers. It definitely does not sound good, don’t you think so? But that is not all- you will also be told what your monthly installments must be and what the refunding period will be! Unfortunately, you must take all those facts otherwise the laptop financing will remain a mirage.