Updated on August 14, 2022
Whether you just want them to set an alarm clock or you need them to stay in touch with your friends, smartphones have become the need of the time!
So what can be done when your pocket does not support you for an iPhone? Simple! You can give bad credit iPhone financing a try.
There are a lot of things you can’t buy if you have terrible credit. Credit problems shouldn’t stand in the way of you purchasing a new smartphone.
Financing for an iPhone may be possible despite if you have poor credit.
Our Top 6 Picks For Bad Credit iPhone Financing
Rent-2-Own has been around for quite a while now, almost 20 years! Its basic service includes providing financing to people with poor FICO credit.
However, it does not only provide iPhone financing no credit check. In addition to other good stores that provide furniture financing, Rent-2-Own also caters to electronics and appliances.
The company will provide you the item you need on rent. You can then pay for the product in form of small installments.
There are no interest charges and you can get approved for pretty low rental rates.
In order to apply for an iPhone at Rent-2-Own you need to validate an active payment source, This can be a reliable credit card, a checking account, or a debit card along with a source of income.
Check that you fulfill these requirements and then visit their official website to apply.
RentDelite is a low-cost option for people with terrible credit who want to buy an iPhone. It provides assistance free of interest or other expenses.
Only the balance agreed upon with the lending firm must be paid until you possess the product.
RentDelite allows you to pay using a credit card or bank account, and the service is delivered entirely over the Internet.. In addition, the school has a high acceptance rate.
After submitting your application, you should have your phone in your hands in a matter of days.
As with Rent-2-Own, the first payment is deducted instantly, but following payments are needed on a regular basis.
Bank accounts and reliable sources of income are essential. All applicants must be at least 18 years old.
In order to solve your financial woes, SmartPay will divide down the initial cost of production into tiny, manageable instalments. When you apply, you won’t be asked about your credit history.
You must pay a particular sum as soon as your application for the product is authorised. If you’re renting a piece of equipment, the overall cost of the rental will affect this.
You can get in touch with the support team here and review the terms and conditions before you begin the payment cycle.
The application is available online and it will take less than 2 minutes to complete. You will be notified about payment length and dates.
Again, this would depend on the value of the product and the frequency of payments that you choose.
Along with a valid source of income, you have to enter your social security number, a debit or credit card details.
This is yet another remarkable company that supports customers with poor credit report and help them afford the products they need.
Payments will be made on weekly basis and you can have the ownership of the product as soon as you are done.
Unlike other options that we have discussed above, FlexShopper does not ask you to make an initial deposit upon approval.
However, the company does require you to pay online with checking account that has been active for more than 3 months.
Gazelle is a dedicated iPhone-financing service that is currently helping thousands of users to deal with Apple costly products. It can reduce the burden of paying for a product in fill and help you manage the cost through easy intallments.
You are free to choose either of 3, 6, or 12-month payment plan. For people with a pretty tight budget, Gazelle can manage monthly payments as low as just $23. The rates can vary depending on the total value of the item.
The last option on our list is that of Barclaycard. It can help you finance any Apple product. In fact, it functions much like credit card with rewards as it offer interesting funding rewards as well. It will let you pay for Apple products without any charges. You can choose to complete the payments within 6 to 18 months.
Does Apple Company Itself Support Bad Credit iPhone Financing?
Now this is an important question that might be lingering in your minds as a reader as soon as you started going through our article.
Yes, Apple does offer iPhone financing.
In fact, it looks past your credit score and provides direct financial help enabling the clients to purchase phones and other products as long as they can pay the amount within agreed leasing duration.
Apple financing program is directed to help clients with poor financial standing in acquiring Apple products.
Clients can choose and buy the items without any fear of credit check. The quality of the service or product will not be compromised on, however, you will be required to pay within 2 months.
Frequently Asked Questions About iPhone Financing With Bad Credit
Can I get an iPhone with bad credit?
Yes. It is possible to get an iPhone with poor credit score either by applying for financial aid directly to Apple or making using of financing services that we have discussed above.
What credit score is needed when applying for iPhone financing with Apple?
The program is aimed at helping customers with poor credit score so there is no limit on what credit score is need to apply. However, your chances of approval will be better if you have a score above 600 at least.
How long will it take to be approved for iPhone financing services?
The time of application and approval can vary from one financing company to another. Typically, you can get it within 7 to 10 business days but in some cases, the approval can reach you almost immediately.
Can you get approval for iPhone financing if you don’t own a bank account?
Bank account or a confirm source of income is necessary for acquiring financing for a product. However, bad credit score can stop you from opening a checking account. In this case, you should look into the list of banks that let you open account easily and apply there. Later on, you can apply for iPhone financing.
Fortunately, bad credit score can not stop you from getting the iPhone of your choice. The amazing companies that we have discussed above can help you in your plans by offering user-friendly installments and easy terms.
Most of the financing companies operate online. This means you don’t need to visit their branches physically to get the approval. You should definitely consider these options next time you decide to purchase a new smartphone!