Bad Credit Television Financing
These days having a large flat-panel high definition TV set is becoming almost a necessity, even for those with a very tight budget. For one thing, the cost to go to a movie theater, when you factor in the price of the snacks, parking, and gas, is getting so high that many people are choosing to subscribe to a high definition cable TV service and rent DVDs to watch their movies. Also, high definition easy-to-use consumer camcorders are becoming much more affordable and widespread, as are Blu-ray DVD players. For watching all of this content designed to be seen on a big wide screen, a regular square TV set, or even a small rectangular one that is not HD, just doesn’t cut it. However, while the price for the bigger high definition models has come down over the past few years, you can still expect to spend around a thousand dollars or more. So what do you do if you need to finance a TV, but you have bad credit or no credit? Here is a guide to bad credit television financing.
First of all, you need to get the best deal you can. You should always comparison shop online thoroughly before you decide which model to buy. You are losing most of the advantages of high definition if you get a TV whose screen is less than around 40 inches wide, but you should certainly consider getting a 42 or 44 incher instead of one that is 50 inches or more.
If you have poor credit or are without a credit history a good place to try buying from is a rent-to-own shop. You start off renting but as long as you keep up with your monthly payments you get to keep the TV. If you don’t keep up with your payments though, your TV will be repossessed. Another option is to get a bad credit loan, but remember that the interest rate is likely to be high, and penalties for missing payments severe. In order to use both of these options you do need to have a documented steady source of income, a bank account and probably some references.
Absent a steady source of income, the other option for bad credit television financing is to search online for a credit card that requires no credit check. Again, the interest rate will be high, and the credit limit will be low, so you may have to make part of your purchase with cash.
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