Financing Television with Bad Credit

Whether you view your TV as a fixture in American culture or a way to access entertainment and unwind after a long day, a new TV can potentially be a fun purchase.

Financing TVs with bad credit, however, could make getting that new big screen a bit daunting. However, it may be possible to get lending for a new TV even with less-than-stellar credit history. In this article, you will learn about the essential aspects of bad credit TV financing below:

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

Bad Credit Financing is the term used to describe the options for securing credit even when someone may have bad credit. Some bad credit financing providers offer pay-over-time plans or unique repayment tools to help consumers access financing to get what they want and need.

There is a difference between “no credit check” financing and “no credit needed” financing, though they sound similar. Understanding the difference can be helpful when making a choice for your financial situation.

No Credit Check vs. No Credit Needed

• No Credit Check is when someone’s credit will not be pulled.
• No Credit Needed refers to the fact that your credit score may be checked, but there are other factors that are part of the approval requirements.

Keep in mind that there is no guarantee of financing with either bad credit financing or no credit check financing, but alternative lenders may take more than your credit score into consideration.

It used to be that you could only get a black-and-white TV, and then came the changes with the addition of color television. Now we’re in the days of LED TVs and other technology-influenced TV options. With today’s options, it’s helpful to know what types of televisions are available to finance.

A lease and a loan are quite different – here’s one differentiating detail:

• 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 lease-to-own option) allows the recipient to possess the leased item for a pre-determined period of time and can include the option to purchase the item outright. It does not include interest but has leasing fees.

OLED and 4K UHD TVs are the latest trends, but there are many different models and features to choose from.

**Please Note: Payment solutions vary based on the merchant and will be indicated at the beginning of the application process. Be sure to confirm that the merchant you select offers the lease, loan, or alternative payment solution you intend to apply for.

Screen resolution has come a long way in the last few years, and an LED TV is often what you will purchase when you get a new TV. You can find a TV at many retailers but just a reminder that quality and longevity is important.

Some consumers are looking to finance a new Smart TV – and it can be a smart move to finance a smart TV. All jokes aside, SmartTVs have capabilities consumers may want.

Often used in basements, man caves, backyards, or in movie theater rooms, projection TVs are another type of television. While they can be generally viewed as pricey, they offer a large viewing screen. As a note, there may be some challenges for using a projector TV as it is important to have the right size room for this type of viewing experience.

If you have bad credit, you might feel like your options are limited when applying for TV financing. But the good news is there are options and alternate lenders that may be able to help in terms of financing, even with a less-than-stellar credit score.

While some may view a new television set as more of a want than a need, it is customary in some American homes to have a large TV set as the focal point of a home for gatherings and family time. Securing an item like a TV in your home shouldn’t be dictated by your credit history.

Whether you have good credit, bad credit, or even no credit, options* for financing a new TV may be available.

**Please Note: Payment solutions vary based on the merchant and will be indicated at the beginning of the application process. Be sure to confirm that the merchant you select offers the lease, loan, or alternative payment solution you intend to apply for.