Financing Electronics with Bad Credit

Analog TVs might be a thing of the past, but tablets, smartphones, computers, and other electronics are not only part of our everyday lives – and in many cases – they’re also essential.

However, whip out your first cell phone and compare it to the one you have today, and what you will quickly notice is that electronics progress extremely fast. Keeping up with the latest electronics is a must with never-ending technological advancements, but what if you have bad credit? How can you stay on the cutting edge?

Luckily, financing electronics with bad credit is more readily available than ever before, with countless options at your fingertips. This financial tool can help make furnishing your home with the products you love and need more realistic, even with a less-than-stellar credit history. In this article today, you will learn about these important aspects of bad credit electronics financing:

  • What Exactly Is Bad Credit Electronics Financing?
  • Does “No Credit Check” Mean the Same as “No Credit Needed”?
  • Where is Electronics Financing for Bad Credit Available?
  • Who Can Get Electronics Financing and How Do I Apply?
  • FAQs About Bad Credit Electronics Financing

Bad Credit Electronics Financing – What Does It Mean?

Bad credit financing refers to accessing financing for new electronics even if you have a poor credit score and less-than-perfect credit history.

The general rule is that a credit score of below 670 is considered fair, while anything below 580 is deemed poor or very poor credit, often referred to as “having bad credit.” A credit report is used to assess credit risk and determine whether to extend credit or a loan to a potential borrower.

Even if you have bad credit, you don’t have to completely rule out financing for electronics. You just have to be resourceful and explore alternative (yet still safe) avenues to do so.

No Credit Check vs. No Credit Needed

Semantics matter when it comes to financing, and the subtle nuances between no credit check and no credit needed are worth noting. Before you start shopping for different payment options, it’s crucial to understand how it works.

  • No Credit Check is when someone’s credit will not be pulled in the process of finding lending for new electronics.
  • No Credit Needed refers to the fact that your credit score may be checked, but other factors are part of the approval requirements.
woman using cell phone in store display

You might be wondering: Is a lease the same as a loan?

Leases & loans are quite different – here’s what you need to know:

  • A loan (or personal loan) is generally a lump sum of funds provided on the recipient’s behalf that is paid back over time (and, like most loans, includes interest.)
  • A lease (or rent-to-own option) allows the recipient to possess the leased item for a pre-determined period of time and includes the option to purchase the item outright. It does not include interest but has leasing fees.

What Kind of Electronics Can Be Financed With Bad Credit?

Whether you’re looking to upgrade your home theater or grab the latest console to play video games with, you’re able to finance what you’re looking for in most cases. From smartphones and tablets to computers and more – most electronics stores offer flexible payment options to let you grab the latest tech.


Popular Electronics Items

Using the list below, you’ll have no problem finding some of the most popular electronics available, where you might be able to get them with payment options at the checkout.

Type of Electronics: Smartphones

Average Price**: $500+

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Type of Electronics: Smartwatches

Average Price**: $250

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Type of Electronics: Tablets

Average Price**: $300

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Type of Electronics: Televisions

Average Price**: $500 (40-inch tv)

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Type of Electronics: Laptops

Average Price**: $600

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Try this, find a person without a smartphone. Pretty hard, right? That is because smartphones are essential to everyday life in that we use them not just to communicate, but to work, play, and get from place to place.

However, smartphones tend to run on the pricier side and for most people, draining their savings isn’t practical when financing a smartphone.

cell phone unboxing


A smartwatch is essentially a smartphone on your wrist. Typically used for communicating, working out, and other things, like your location, in addition to telling you the time, smartwatches have risen in popularity. With stylish options to add to your smartwatch, while still affordable, smartwatches are often financed with small periodic payments.


More and more electronics users are financing tablets instead of laptops due to the accessibility and ease of use. Not to mention more people use their tablets for entertainment instead of a TV. Either way, you may be able to finance a tablet for relatively little each month without taking a big hit on your wallet!


Television sales have dropped over the years with the rise of tablets and smartphones (people watch entertainment on their phones more than on a television studies show), but that doesn’t mean you won’t see a large TV on the wall of most homes.

Known to last long and stand the test of time as far as technological advancements go, you might not buy a TV as often as you buy a new smartphone, but regardless a TV is an expensive purchase which makes bad credit financing a viable option.

man looking at tvs in electronics store


During the pandemic, it was apparent how essential laptops were for students and adults working remotely or simply decompressing with their laptops. Regardless of your reason for needing a new laptop, financing a computer might be practical and affordable, whereas shelling out $600 or more for one often isn’t.

laptop on office desk next to phone and tablet

Where Can I Use Bad Credit Electronics Financing?

Did you know that where you accept financing can determine where you can shop for products? Search our network of merchant partners where, if approved, you can use your approval on the electronics of your choice.

Popularity of Financing Electronics

It’s easy to understand why financing electronics is so popular today- they’ve become somewhat essential.

An electronic purchase is often large enough of an expense that people have difficulty paying for it outright, so they consider financing options. It can be challenging to shell out several hundred to several thousand dollars to buy electronics but managing the payments may be simple and lessen the blow of a considerable expense.

Furthermore, financing your favorite electronics is often accessible and transparent, thanks to the availability of financing options. Bad credit lending has been made possible by using alternative data, and old-fashioned layaway solutions have given way to updated pay-as-you-go plans.

The internet has brought about a positive evolution of lending and financing for those with bad credit due to accessibility and the ability to compare lending!

Bad Credit Electronics Financing Options

While the options might be more limited when you have bad credit vs. good credit, it is important to remember that bad credit electronics financing is possible. In many cases, procuring financing through a known payment solution provider can offer a trusted and reliable option. But consumers have multiple options these days.

Bad Credit Electronics Financing in Summary

At the end of the day, you most likely need a smartphone and, at the very least, a laptop or computer to complete work tasks and manage everyday life. Poor credit shouldn’t prevent you from purchasing these items, and with so many avenues to pursue via lending these days, don’t sell yourself short.

A bad credit score can be corrected, but it takes time. However, it is possible to obtain financing for electronics with poor credit, and while using what may be viewed as non-conventional routes may seem like an extra step, in reality, the financing helps provide access where there previously was little or none.

display of flat screen tvs in electronics store

Bad Credit Electronic Financing FAQs

Here are some popular questions about financing electronics with bad credit:


Q: What Qualifies as “Bad Credit” Financing?

A:  Bad credit financing refers to lending a borrower money or extending credit even with a poor credit score determined by their credit score. Oftentimes, these payment solutions include options such as pay-as-you-go plans or lending to help borrowers with bad credit secure financing for electronics.


Q: What Credit Score Is Required to Get Financing?

A: In cases where someone doesn’t have an excellent credit score, there are ways to finance, including working with companies that offer bad credit electronics financing.


Q: Where’s the Best Place to Finance Electronics?

A: If you can’t pay for a new electronics outright, you may have options to finance electronics with either a credit card, a pay-over-time plan, in-house financing with the store, or using a payment option offered by a third party.


Q: How Can I Finance Electronics With Bad Credit?

A: There are many companies that offer bad credit financing for electronics. Our website provides you with the ability to apply for electronics financing right now. Although not everyone will be approved, bad credit does not automatically mean you’ll be turned down. Credit will be checked, but a low credit score does not automatically disqualify you. First, select your preferred store near you*, and you can apply directly on our website.