How to buy a computer with bad credit?

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How to buy a computer with bad credit?

Postby SethM1124 » Fri Apr 20, 2012 10:56 pm

Okay, so I want to get a new computer as my computer is running very slowly with the programs that I am using (3DS Max, Photoshop, After Effects, etc.) and I need to get a new one immediately as I am not able to go to college at this time and this to me is a natural talent which is highly profitable if done right.

I am 20 years old with no credit history, or so I think...I really don't know a whole lot about how credit and so on really works, hence why I am here. I have 1 medical bill I am paying off that's only like $100, I owe $200 to Sprint for a cancellation fee (long story) and like $60 to Chase bank for an overdraft fee that was bull**** anyways because it was a double fee for buying a Beef N' Cheddar from Arby's then a cup of Cheddar Cheese immediately afterwards (2x$30) That's my debt history lol

Anyways... this computer I need is going to run me $2400, shipping included. It's all parts, I'm building it by hand and to my needs. I already know that I can get approved for a $300-$500 limit card but obviously that is pointless as if I just wanted to build my credit I would just do it but I need this NOW. lol

I know I might sound demanding but I'm sick of this computer. Constant problems. I just need it to be a $2500 limit, buy what I need...and improve my bad credit from there.

I've also heard before of where you apply for multiple cards ($500 limit most likely in my case) then transfer them or something onto one card or make separate purchases with the different cards. I can afford payments...not an issue. I already calculated that if I spent $2500 with a 25% APR I could pay it off in a year with my income, no problem.

Pleaseeee, if anybody has RELEVANT information it would be greatly appreciated. Like I said, please don't give me some "improve your credit over x amount of months/years and you can be approved for more! :cool: " I don't need's obvious to any moron that you can improve credit over time. Thanks again to anyone who can help. ;)

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Postby JCarter » Sat Apr 21, 2012 6:33 pm

Try a family member? It may be easier to get a loan through them and pay them back over time. Chances are very good you will not be approved.

Secondly, try a credit union or bank you have an existing relationship with and see what the underwriting requirements are.

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Postby Crashem » Sun Apr 22, 2012 10:17 am

Wow. Your attitude about credit is the problem here.

If you want real advice, get us some real information. What's your credit report look like? If you basically only have negative or no history, the whole credit system is designed not to give you any credit. If you are looking to somehow pyramid some low end cards, you are essentially trying to dupe the system which won't work.

Here is what will happen if you pull it off. You get the required credit. Max it out. A couple months down the road when they see what happened, they get nervous and close or reduce your credit line. You are then in bad situation for future. You say any idiot can build good credit over time. Look in the mirror? Go build it up so the next time you need something you might be able to afford.

Now as for options. Obviously personal resources such as parents etc. but likely you have no access hence posting here. Rent to own if you can demonstrate income, but likely to be way more than 25% apr and little choices on computers. Now if you had any info on your credit might be able to suggest other sources such as group lending platforms. But someone forgot to build or even understand their bad credit and can't understand why no one will give them a ton of money
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Postby DavidNY » Sun Apr 22, 2012 2:39 pm

If you can't possibly get the cash elsewhere and are entirely desperate to do this I'd recommend hitting Best Buy, your local equivalent or perhaps an online vendor and maybe you'll get enough credit through their card. Note that in Best Buy's case you'll pay through the nose for their parts and possibly interest. Since their card is issued by GE Capital maybe they'll have a no interest for x months deal.

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Postby Celestine » Sun Apr 22, 2012 3:57 pm

SethM1124 wrote:Okay, so I want to get a new computer as my computer is running very slowly with the programs that I am using (3DS Max, Photoshop, After Effects, etc.) and I need to get a new one immediately as I am not able to go to college at this time and this to me is a natural talent which is highly profitable if done right.

I just couldn't resist on this one...

"... natural talent..." - Wow! That is some arrogance over there and a very deadly, in a bad way, overconfidence.

Look here kiddo... You are way over your head. Those types of software that you are using, those are expensive software for a student that you have to dish out hundreds of dollars. First things first, do those software even have legitimate licenses or bootleg? Even those software you mentioned are able to run on value processors like Pentium D or Core 2 Solo/Duo processors with no problem. How do I know that? I have supported several Windows computers running those software.

The main problem here is your attitude towards credit. Applying multiple credit cards then doing balance transfer is like digging your own grave.

Either get a retailer/manufacturer financing or Bill Me Later. But both financing, any financing, will really eat you alive if you don't attend to those financial obligations.
"Nearly all men can handle adversity, but if you really want to test a man's character - give him power." - Abraham Lincoln

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