Electronics have become essential to our lives more than ever. These days, electronics serve beyond entertainment purposes. They help us live an easier life thanks to the developing technology. With its highly functional technology, electronics tend to be very expensive. To make them more accessible, stores offer good deals, including a rent-to-own program. Rent-to-own makes a big purchase more attainable by offering credit to customers. But it may not always be the case for people with bad credit. This is when rent to own electronics no credit check no down payment comes in super handy. Check out our ultimate list below to find the best store to get your new electronics!
What is Rent-to-Own?
Like, Buy Now Pay Later, rent-to-own program is a good option for anyone with bad credit. It allows you to have a brand new item without having to pay a large upfront payment or apply for credit. You can rent your items and pay through weekly installments. Or decide to own it and pay weekly for 90 weeks. You can do this to own electronics and even a house!
Rent to own electronics is not the same as a credit program. Since you’re legally renting the item, you can always return it and have no obligation to make the next payment. It’s popular among people with bad credit because it won’t stain your credit record. Moreover, they don’t check your credit score or record. Most rent-to-own businesses don’t charge interest. But know that there may be a steep interest built into the payment structure.
Credit programs give you a loan or buy your products for you and you pay them back in installments. Both credit and rent-to-own are easy alternatives when you don’t always have money in hand. However, it’s far from the best option for long-term purchases. You may end up paying almost double the actual price at the end of the day. If you’re also interested in Buy Now Pay Later catalogs.
The Best Rent to Own Electronics No Credit Check No Down Payment
We looked for the best websites that offer rent-to-own electronics. You won’t have to worry about your credit or prepare for the down payment. Some of these websites don’t do a credit check for renters. Read down below to learn more!
Flexshopper offers a convenient shopping experience for anyone with bad credit. If you’re for the latest laptops or phones, this is the right place to find them! Their lease-to-own program allows you to bring home the items you want through 4 easy steps. All of which you can do it online! You only need to fill the application online and choose over 85,000 items available. Once you add them to your cart, you’ll need to sign the lease agreement. Once you’ve done with these steps, you just have to wait for your items within days. You can make payments up to 52 weeks, depending on the agreement.
To be eligible for the program, you need to be 18 years old. If you live in Alabama or Nebraska, you need to be 19 and 21 if you live in Mississipi. Make sure you prepare your proof of income, Social Security Number or ITIN, a valid checking account in good standing. A valid phone number and an address are also needed for the application. Unfortunately, the program is not available in New Jersey, Minnesota, Wisconsin, or Wyoming. Apply here!
Conn’s HomePlus is the right place to find the latest electronics. This is the answer to anyone looking for rent to own electronics no credit check no down payment. It stands out as one of the best stores due to its simple and easy steps of application. If you’ve had a bad experience with other stores because of your bad credit, Conn’s HomePlus may be worth trying.
In case you consider yourself an old school and prefer to see the store yourself, this is the right place. What makes Conn’s HomePlus an even better option is because you can find physical stores that you can visit. This allows you to have more peace of mind. Especially when you’re about to commit to a rent-to-own electronics program. To be eligible to apply, you must have:
- Source of income
- Credit or debit account
- Social security number
- Government-issued ID or driver’s license
However, there are also some downsides reported by customers. Some of the most common complaints include bad delivery and customer service. Some customers have also mentioned how they receive no answer when complaining about a broken item. Others also complained about receiving rip-off and used products. You may need to do thorough research before committing to their rent-to-own program if you don’t want to deal with similar complaints.
With a wide selection of products, there are thousands of electronics, appliances, and furniture to choose from at Aarons. In case you don’t have enough cash in hand, their lease-to-own program is one of the most convenient alternatives to buy expensive necessities.
Good news for anyone who prefers to do everything at the store, you can visit their stores to make purchases. The application process usually takes less than two hours before you finally can bring home your desired items. The option to pay upfront with cash is also available. While the lease-to-own program allows you to partially pay for your items. This is usually doable in a span of 18 to 24 months. You don’t have to pay for a down payment and payments are mostly at a low amount. Make sure to prepare the following documents before applying:
- Your verified source of income
- Verified address
- Up to 3 references
- Credit or debit card
While everything seems to be simple and breezy, Aarons is not flawless. Similar complaints about customers receiving used products are also found in independent website reviewers. Some customers also complained about having unauthorized payments through their cards.
In this tech-savvy world, almost everyone is racing to get the hottest electronics available. And sometimes, renting them is enough for special occasions instead of having to buy a costly item that you don’t always use every day. This is when renting electronics at Rent-2-Own comes in handy. Moreover, you always have the option to buy the item with low amount installments.
Rent-2-Own makes it clear on their web that your credit score is none of their business. They don’t do credit checks, charge interest, or apply hidden fees. You can apply both online and in-store then pick your item, and your most suited payment plan. The final step is to schedule a free delivery. The good news is, not only does Rent-2-Own have no negative impact on your credit history, it helps you build your credit rating instead. Something you don’t always find in other rent-to-own stores.
Rent A Center
Speaking of rent to own electronics no credit check no down payment, we can’t miss Rent A Center. It’s one of the most positively reviewed rent-to-own businesses. This is due to many customers who testified for its excellent services. The “no credit needed” on their web refers to how the business doesn’t provide a credit option. So it doesn’t mean they won’t check your credit history or creditworthiness. That said, Rent A Center regularly approves applicants with less than perfect credit history.
To apply, all you need is some standard information about:
- Name, date of birth (DOB), and contact info
- Proof of income
- Residence info: your mortgage company or landlord contact
- Up to 4 references, at least two should be relatives with separate addresses
Information you need to know is that Rent-2-Own doesn’t report your payment history to the credit record. However, their return policy is very much reliable as you can return their products at any time without further obligations.
You can find anything beyond electronics on the LeaseVille website. From appliances, furniture, to fitness equipment, there’s something for everyone here. If you’re looking for a lease-to-own store that doesn’t do credit checks, this is the right place. That said, you’ll need to give this information to be eligible for the program:
- Have a minimum monthly income of $1,000
- Active checking account (at least for three months with the following criteria:
- Has no overdrafts or instances of insufficient funds for the past 30 days
- Make at least 5 transactions per month
- Receives $500 worth of deposits every month
- Unless you’re receiving social benefits (like SSI) or self-employed, you’ll also need to show your employment
- proof. You have to be at least working the same job for 6 months.
LeaseVille is also one of the top websites with instant approval. If they approve your application, your payments will be automatically cut from your checking account. The late payment fee is not disclosed online but note that you may have to pay a setup fee of $40 or less before your order is shipped. LeaseVille doesn’t require a down payment. And also, you can enjoy some perks including owning the item for less than a year and choose between the available early pay-off options: within 90 or 120 days same as cash.
Best Way RTO
There are so many electronics to choose from Best Way RTO. The “RTO” itself stands for rent-to-own. This is where you can buy the latest HD TV, smartphones, as well as game systems. Their website guarantees a same-day delivery for the customers if you ordered before 5:00 PM. An important thing to note is that the “low-price guarantee” seems to be applied for a lease under 30 days.
You can do the payment weekly, bi-weekly, semi-monthly, or monthly. This depends on which timeline best suits you. You can also own the item within a short-term period, usually less than 4 months. Options for a long-term period can be up to 30 months. With over 27 years of experience, it’s safe to say that Best Way RTO is one of the best in the industry.
Getting expensive electronics is now accessible and easy, thanks to RentDelite. Note that they may do a credit check, but the company does rent their items to customers with bad credit. You can do this by simply applying online through their website. You can apply for their lease-to-own program if:
- You are at least 18 years old
- Have a debit card (not prepaid card) or credit card
- Have steady and provable income
- You can provide your email address
Their website doesn’t mention the late payment fee. But we recommend you to contact their customer services (via email or by phone) in case they miss a payment. You can discuss the available options for the case with their representatives. One of the perks you can enjoy is that you can own items in a year or less. As for the early payoff option, this varies depending on the state and the amount you already paid for the lease. You can always request an early pay-off quote from their customer service.
Not only YuKeep offers electronics, but you can also find home appliances and even musical instruments to rent on their website. One of the most convenient perks you can enjoy is that you can either lease or rent. This allows you to return the item or keep it until you make your full payment. We also consider their short-term commitment as one of the perks. Most of the leases are only up to five months. And in case you’re planning to own it, the lease can be extended up to seven months with the Flexible Lease Ownership payment plan.
To be eligible for the program, you need to meet the following criteria:
- At least 18 years old
- Able to provide your proof of income
- Have either a prepaid card or an active bank account
Note that YuKeep may consult with customer reporting agencies during the approval process. That simply means they’ll be checking your creditworthiness. However, it will consider customers with bad credit.
Customers have been utterly satisfied with Rent One’s service. And that is for many good reasons. For one, Rent One offers so many choices of items to rent. Not only you will find electronics, but they also offer furniture, mattresses, and outdoor items. You can easily shop by room through their website, which is actually very convenient and helpful for anyone visiting their website for the first time.
Rent One claims that they have buying options for anyone with any credit background. They also mentioned that there are no credit checks required. Anyone with good, bad, or no credit history has the same opportunity to be approved. Your payment plan stretches for 9, 12, 18, or 24 months, whichever is the most convenient for you. Another great advantage is you can apply everything online and wait for them to deliver your item!
Frequently Asked Questions
Here are some of the most frequently asked questions about rent to own electronics no credit check no down payment:
Can you do rent-to-own with bad credit?
There are so many rent-to-own options these days. And these options are also open to anyone with bad credit or no credit history at all. Most rent-to-own businesses these days only require age limits and proof of income. Some of them will ask for your address, available checking account, or debit or credit card to be eligible for the program. So if you have all the requirements, there’s a chance that your application will be approved. If you cannot find the provider you’re looking for, you can always opt for websites with Buy Now Pay Later for Bad Credit.
Is rent-to-own safe?
Surely, there’s a catch to anything that sounds too good to be true. We mentioned earlier how rent-to-own is far from a “cheaper” option of buying an item. As for the rent-to-own program, you may want to consider the risks before you start renting. Some of the risks include:
- Since you’re renting, you legally haven’t owned the item yet. This gives a lack of control of your possession, whether it be electronics or even a house. Sellers have every right to take back your item if your financial stability goes south.
- Indeed, you won’t have to deal with any interest fee and you can return the item anytime without having to pay a penalty fee. But if you’re planning to own it, there’s a high chance that you’ll end up paying double the actual price. You may want to consider buying a $700 laptop if you knew it’d cost $1,700 after a year worth of payments.
- Before you sign the agreement, be sure to understand it thoroughly. You may end up paying late fees and lose the benefit of what you’ve paid so far.
What credit score is needed for rent to own?
There are rent-to-own businesses that don’t check their applicant’s credit scores. This means even if you have a bad, low credit score or even no credit history at all, you can still apply for the program. If they require a specific credit score from the applicants, each platform will likely have different requirements.
Does Aarons build your credit?
According to their FAQ page, Aaron’s doesn’t report your payment to the credit bureaus. They’re providing a rent-to-own program, not credit. You can check which transaction affects your credit score by asking the credit bureau or other consumer reporting agencies.
We all know that life happens sometimes. And things can go down south without us knowing. Unfortunately, this isn’t always about careless planning or reckless spending. Sometimes it means our income simply is not enough to fend for ourselves. Rent to own electronics no credit check no down payment is one of the best alternatives in case you need new items. Most of us don’t always have the money to pay everything upfront. And their flexible payment options made it easy for us to manage our finance and get the things we need.