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Laptop Financing Bad Credit: Poor Credit Is No More Hindrance

We all know that a laptop has become an integral part of our lives. It has not only helped millions of people to communicate world over but has also proved to be more or less like a mobile office. It has been used for various purposes by almost everyone, may it be a student, professional, artist, researcher or a housewife. Laptop companies keep coming up with better technology and latest models. The price of newer model is of course kept high. Hence, laptop financing bad credit is a very good alternative for purchasing a laptop especially so for those who have a bad credit rating.

Laptop financing bad credit is an online service which facilitates a prospective borrower to get a laptop loan instantaneously. It is excused from credit check. Consequently, individuals with adverse credit record too can apply for the advance. However, there are few prerequisites that an applicant will have to fulfill such as he must be a citizen of UK and must have attained the age of 18 years. Further, he must be earning a monthly salary of no less than £1000 for last 6 months at least. Another condition an applicant must fulfill is to have an active bank account.

Having fulfilled the above conditions a loan seeker can apply for the loan via internet. A borrower is required to fill up a simple online application form and submit it. The lender will almost immediately deposit the cash in borrower’s checking account.

The finance plan for laptops comes in two variants; Secured and unsecured loans. In the first case, a client has to offer collateral. The advantage of secured loans for a borrower is low interest rate and long & flexible repayment terms. The amount of loan given depends on the value of asset pledged. However, borrower is at risk of losing his property if he fails to pay back on time.

For those who do not want to pledge their valuable asset can go in for unsecured loans. Despite the fact that the interest rate is higher a debtor need not worry of losing his asset. Unlike secured loan where the repayment period is long, in this case the loan will have to be repaid within 5 years.

Thomas Traint is author of Laptops No Credit Check.For more information aboutlaptops on credit, laptops for people with bad credit visit http://www.laptopsnocreditcheck.com