After you've decided on the type of computer you want(see bad credit computers),you can think about the financing. Many people have had credit problems and have trouble get financing for a computer. To fill this need there are online and offline companies that specialize in getting computers to those with bad credit.

You should know two things about these companies. Since they sell you the computer, you're limited to their selection. But the computers are new, current models, both name brand and private label, so they should provide all the performance you'll need. The other consideration is that even though the monthly payments may be low, the interest costs are high, so financing does cost quite a bit more than using cash. However, you can save on the interest charges by paying off the balance early.

Even with the high interest cost, bad credit computer financing does offer two important benefits over cash. You get affordable monthly payments and you also get the chance to re-establish your good credit.

Typical requirements to qualify include having a checking or savings account. This required so the company can have you bank debit the monthly loan installment. Your gross income should be at least $1,200 to $1,500 per month. You also have to be at least 18 and not currently be in bankruptcy. A prior bankruptcy that's been discharged is usually okay.

So if you need to get a computer now and help establish your credit and the same time getting bad credit computer financing may be right for you.

Other qualifications may include at least one good line of credit in your credit report, you're current on all your bills and you have a phone in your name. You may be required to have lived at your current address for at least 1 year and also had the same employer for 6 months or more. But even a credit report score as low as 580 may be accepted for bad credit computer financing.