Enter in how much you expect to spend and if approved, shop any store as a cash buyer.
Skip The Buy Now Pay Later Sites
If you can avoid the buy now pay later websites, you should, and there are several reasons for that.
The biggest reason to avoid these types of stores is that the prices are inflated. It is not enough for them to charge you high interest, they also want to make you pay more 30 to 40 percent more than an item is actually worth.
That Nintendo Switch might retail locally for $300, but the buy now pay later sites will want you to pay $400 or more for it. This inflates their profits even beyond the astronomical interest and fees that they are already charging.
Lack Of Selection
These types of stores like to carry a little bit of everything. Because they try to carry it all, these sites can only carry a certain amount of each item. Looking for a certain type of outdoor smoker or are you attached to a particular brand of television? You might not be able to find it and will likely be forced to purchase what a site stocks, at inflated prices of course.
High Rates & Fees
Last, but not least, you have the high interest rates and fees that a buy now pay later site will charge. These can be hard to handle, especially with bad credit.
Online Financing With Bad Credit
So, is there an alternative to these types of stores?
Sure, you can look into online financing and we may be able to help you get an offer. Our lending network is made up of dozens of lenders and one of them may be able to get you a reasonable offer, even with bad credit. In any case, it is free to get an offer, so here is how it works.
Fill Out Your Form
First, you need to fill out the short and secure quote form located at the top of the page. Enter in how much you expect to spend and then some basic information about yourself and get a free quote.
Get An Offer
If approved for an offer, one lender from the group will present you with terms. You will be redirected to their website where you can then review these terms and make a decision as to whether or not you want to accept your loan.
Buy Your Gear
Should you decide that you like your financing offer, you can accept it and your lender will get you money in a hurry. This can happen as soon as the next business day. Your lender will deposit money directly into your checking account, making you a cash buyer. Buy your gear from any store that you like without paying the inflated prices of buy now pay later sites.
Fixing Bad Credit
Once you make your purchase and get the gear that you need, you should give some thought to repairing your credit. This will allow you to avoid bad credit lending and turn more to mainstream lenders in the future. Here is what you need to do.
Pay Bills On Time
This is the biggest factor that affects your credit rating. Pay your bills on time and you can start seeing improvements to your credit score in as little as 6 to 9 months, depending on where you stand right now.
Use very tool at your disposal to make sure that you get those bills paid on time. This means using automatic payments and/or bill reminders whenever you can.
Watch Your Revolving Debt
The next biggest factor is your available credit. This is how much balance is left on your credit cards. You ideally want to have 70 percent or more of your credit available for use. This means that you should keep those balances down.
An easy way to pay down those balances is to stop using your credit cards and round up when you make payments. If your payment is 42 dollars, pay 50 bucks. Over time, this will pay down those cards.
Increase Your Income
Finally, why not look for ways to increase your income.
Everyone wants more money, but few people do anything about it. Even working a few hours of part time work a week can make a big difference in your income. It could result in hundreds, if not thousands of extra dollars in your pocket a year.
Use this money to start a savings account that will allow you to skip the buy now pay later sites. Or, take the money and further pay down your credit cards, so you can boost your score and get rid of your bad credit forever.