Having bad credit should not keep you from purchasing the smartphone of your choice. Now, along with easy computer financing options, you can also get your dream phone with bad credit iPhone financing and do not worry about paying all at once. Various online companies are operational to assist customers with bad credit to purchase a product of their choice.
Bad Credit iPhone Financing
Who would not want a smartphone from one of the leading cell phone companies in the world? Manufactured by Apple, iPhone is indeed one of a tremendous pool of top-notch features. All the iPhone holders can relate to its greatness and impressive specifications.
While we can get all sorts of valuable features in these devices, they do not come at a low cost. That is the reason why financing schemes for laptops, computers, phones, and other similar gadgets have become quite popular. t is hard that you to get your hands on products featured by Apple without breaking the bank and spending more than you can afford.
This is where these bad credit iPhones financing options act as lifesavers. Getting the iPhone models sought highly by tech enthusiasts becomes easier even if you have bad credit. Surpass the expensive price point of the iPhone and select a convenient financing plan for yourself.
However, many said communication companies would perform a credit check before giving you approval. The key is to find a key provider who will offer you financing plans despite your poor or low credit.
| Rent-2-Own | Rent Delite | FlexShopper | SmartPay | Gazelle | LeaseVille |
| No credit check | No credit check | No credit check | No credit check | Affirm requires credit check | No credit check |
| No high-interest rates | No long-term commitment | Small payments every week for 52 weeks | Flexible installments | Make a $45 down payment upfront with Katapult | All types of iPhone models and colors |
| No additional fees | No hidden fees | The initial lease term is between 7 to 29 days | Charges no late fees or activation fees | The lowest that you’d have to pay is $23 monthly | The company offers a spending limit of up to $3500 |
| First payment at the time of signing | First payment is automatically deducted | Easy automatic payments | First payment must be made using a valid debit or a credit card. | Select from 3-, 6-, or 12-months financing plans depending upon your budget | Weekly, biweekly, or monthly payments available |
| Have an active source of payment, proof of income, and a valid photo ID | Be 18 years of age, have an official email address, proof of income, and an active source of payment. | Be at least 18 years of age, have a current source of monthly income over $100, an official active checking account | Be at least 18 years of age, a holder of an authorized debit or credit card, a valid SSN, and a monthly stable income of $1000. | Gazelle has two major financing options for the customers, i.e., financing through Affirm or Katapult | Have an official bank account, proof of income that should be at least $1200/month, and a social security number |
Best Spots for Bad Credit iPhone Financing
Here are some of the recommended online sites and top choices of people for iPhone financing. Whether you have an outdated phone, lost internet connection, or bad software, get the upgrade potential of smartphones at these sites.
1. FlexShopper
FlexShopper aims to help the customers with the bad credit if they abide by a certain set of requirements. They have an extensive product line that you can lease which includes smartphones, musical instruments, video games, garage and outdoor, furniture, and much more
The company allows the renters to make small payments every week for 52 weeks to own the product. You can also pay biweekly or monthly, depending upon what you get approved for. The initial lease term is between 7 to 29 days.
You do not need to pay any deposit before getting the product. Just easily apply online in minutes and get approved in seconds for a spending limit of up to $2500. Choose your products and the company also ships them right to your doorstep.
As soon as you receive the product, the easy automatic payments begin right after. The company accepts most of the credit levels so that should not be much of an alarming situation. Make sure you do not miss any of the FlexShopper payments to avoid a negative impact on the credit.
While applying the FlexShopper financing, make sure you are at least 18 years of age, have a current source of monthly income over $100, an official active checking account operation of at least 90 days, and social security number.
2. Rent-2-Own
Rent-2-Own is one of the largest companies that helps people who cannot afford to pay the full goods cost upfront. Known as a flexible rental service, Rent-2-Own is a breather for people who have bad credit.
You can rent a variety of stuff and gain numerous benefits of renting to own. The company has customers coming from all walks of life and mostly who prefer a no credit check route. With Rent-2-Own, you do not have to deal with credit checks, high-interest rates, or approval waiting periods.
It allows you to choose the length of your rental on your terms and helps establish credit or build the credit ratings. Do not fear hurting your credit history or let alone going into debt.
All you need to do is provide the items that you wish to rent and pay in small installations without any extra charges much like how Klarna financing works. As soon as the company approves you, you must make the first payment at the time of signing. The rest of them are then followed by weekly payments until the lease completion.
When applying for iPhone financing, make sure you have an active source of payment, proof of income, and a valid photo ID. Additional information that you will have to provide includes SSN, Driver’s License Number, Residential address, and more.
3. RentDelite
Another completely online platform to offer you bad credit iPhone financing is that of the RentDelite. They have quite an appealing and handsome collection of iPhones available, in addition to several other products.
You can own your favorite products by renting and making low periodic payments to the company without worrying. Just browse from their extensive list of products that are the latest and scrutinize what fits the best to your requirements.
RentDelite is one of the affordable companies where you won’t have to face any long-term commitments, interest fees, and hidden fees.
The site provides a completely online application process where you can fill out all the respective details. As soon as you are approved for the financing plan, the first payment is automatically deducted.
The remaining installments are deducted on each payday of the week until you have fully paid for the rented item. The company also has incentives such as discounts if you pay off early and you can also return the phone after one month.
To be able to apply, make sure you are at least 18 years of age, have an official email address, proof of income, and an active source of payment. The verification can take up to a few minutes before you are informed about your financing plan.
4. SmartPay
You can get bad credit iPhone financing from another online platform i.e., the SmartPay. The company does not require any credit score, offers flexible lease payments, and charges no late fee. It has all the latest iPhone models for renters to rent from.
Leasing with SmartPay could not get any easier than it already is. You can apply online where the decisions are made instantly. Just find a SmartPay retailer near you or online and choose the accessories for the smartphone you are looking for.
With SmartPay financing, the first payment must be made using a valid debit or a credit card. As you complete all the scheduled payments, you can own your items without a delay.
One of the interesting features of SmartPay is that it offers you to review the terms and conditions, and payments of your lease. The company stands out from others since it has a wireless network. Also, every lease is a 24-month term without any activation fees.
SmartPay also works in association with many partners online and you can apply for bad credit iPhone financing there as well. Moreover, if you wish to apply in person, visiting one of the participating brick-and-mortar banks is also an option.
If you wish to least from SmartPay, you must be at least 18 years of age, be a holder of an authorized debit or credit card, have a valid social security number, and have a monthly stable income of $1000.
5. LeaseVille
Lastly, Leaseville is yet another option where you can get iPhone on lease and pay for it in installments. Ranging from different models to colors and sizes, Leaseville has all for you in the box. The process here is simple and completely online.
Head over to the official website of Leaseville and fill out the online application form that takes no more than a couple of minutes. You will be notified if you are approved. The company offers a spending limit of up to $3500.
Without hesitating about the credit check, just make sure you have an official bank account, proof of income that should be at least $1200/month, and a social security number.
Choose the payment plan as per your priority. The variety of payment schedules that you can opt from includes those weekly, biweekly, or monthly payments. Sign your lease online and get a brand-new phone wrapped up in its original factory packaging.
6. Gazelle
Gazelle offers exciting and affordable price range plans to get the best of smartphones. To suit your needs, it also allows you to enter your preferred price ranging from maximum to minimum. This e-commerce company is a one-stop solution for getting reasonable financing options.
Whether it is buying a pin-packed new piece of device, or trading in an old one, Gazelle offers it all. As of now, iPhone 13 is available for as low as $709, whereas iPhone 13 is available for as low as $589 at Gazelle.
You can select from 3-, 6-, or 12-months financing plans depending upon your budget. The lowest that you’d have to pay is $23 monthly. However, these rates can vary between 10% to 30% based on the price and device model.
The company offers exciting sales throughout the year. In addition to this, you can also avail of the 30 days return policy. This way you can easily cut down the burden of making all the payments at once and analyzing if the product suits you the best or not.
Gazelle has two major financing options for the customers, i.e., financing through Affirm or Katapult. With Affirm, you will have to go through a credit check before it offers you zero-interest financing.
Another one that you can avail of is the Katapult. In case you do not qualify for Affirm, you can opt for Katapult. It demands a $45 down payment upfront, and the remaining payments can be made as per the selected financing plan.
Before You Go!
Having an iPhone in today’s world is considered classy even though it has a very expensive price point. There should not be any limitations for people around the globe who have poor or bad credit to purchase this device. If you are someone with bad credit, you can still get an iPhone by making your way through one of the above-discussed online leasing platforms.
They offer flexible and well-curated financing plans to their customers and worrying about payment becomes their last concern. Choose your provider of choice and get the best available product even if you are someone with financial struggles. Make sure to meet certain eligibility criteria and requirements and you are good to proceed.
Miriam Caldwell is a dedicated & expert freelance writer to educate people about personal finance management and budgeting. She shared her knowledge and published the articles at TheBalance.com, GOBankingRates, and BlissfullyDomestic.com. Many financial institutes pick Caldwell as the brilliant source for educational personal finance content.
