Using a brand new cell phone.

Cell Phone Financing

With cell phones becoming more and more expensive, it is relatively common for people to take out loans to pay for them. After all, who can afford to drop a grand on a phone all at once. Spread out the purchase with lower payments with an installment loan, even if you have bad credit. Want to get a quote right now? Take a couple minutes and we can help you get an offer.

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Infograph on cellular phone financing bad credit loans.

Get Your OfferThe Loan ProcessYour Phone Choices

Getting A New Cellular Phone

If you need a new phone, we can help you get a loan offer. Do not let bad credit stop you from getting what you need.

It could not be easier to get your offer and there is no obligation on your part whatsoever. If you like the offer, great, if not, no problem. Here is how it is all going to work if you want to proceed.

  1. First, you are going to need to fill out the loan quote form at the top of the page. Sounds like a pain, but do not worry, it should only take you a minute or two and you will be walked through it step by easy step.
  2. Next, you just agree to the terms and submit your form to the loan network. This is where the magic happens because you are not sending your form to a single network but instead to a network of lenders. More lenders equals more chances of getting your offer which is important if you have less than perfect credit.
  3. Now, you just wait for your answer and luckily, this should not take too long. You should have your offer in a minute or two in most cases.
  4. Finally, you just need to decide on your loan. Take your time and make a good decision. If you accept your offer, you can have your money to buy your phone as soon as the next day. It will be deposited directly into your checking account. If you do not like the offer, just walk away and that is it.

As you can see, it is incredibly easy to get an offer on the cell phone that you need. Since there is no obligation and the quote is free, why not get your offer now.

Alternatives To A Phone Loan

You might have other alternatives to taking out a monthly installment loan. Before committing, why not take a look at your other choices and see if one of them works better for you.

Doing Without

This might be a choice for you if you are getting a phone for a want instead of a need. If your old phone is still working and does everything that you need, why not just stick with it. People tend to want new phones every one to two years but many phones will last much longer than that. This is especially the case if your old phone was once a top of the line model.

Many phones have the capability to last three, four or even five years. If you think that you might want to stretch out the life of your cell phone instead of buying a new one, there are some cheap things that you can do to add a little life to them.

One is to get a new battery. If your phone has a replaceable battery, you can simply replace it for a few bucks. This could add hours to your time between charges and make the phone much easier to live with. There is nothing worse than a phone that dies half way through the day.

Another thing that you can do is buy a new case. A new case will make your phone look and feel much newer by hiding all the scratches and signs of wear. Since you can find cases for as little as 10 dollars on places like Amazon, it is a cheap solution.

Finally, consider wiping the phone or simply clearing out all of your old apps and clutter. Having too many different apps running can slow down a phone and restoring it to a factory setting could unclog it and make it run faster.

Buying A Cheaper Phone

Ask yourself if you really need that high end phone or can you buy a more inexpensive one that you can pay cash for.

If you go this route, you have two options, you can buy a low end model or you can buy a refurbished higher end phone. The best option is probably to buy a refurb phone because it will have better software and hardware in most cases. A two year old iPhone will probably work better for you than a base model Android phone.

As far as cost goes, while a new apple iPhone will cost around 1000 dollars, you can buy a refurbished older model for around 200 dollars or even less in many cases. Even better, see if any of your friends are upgrading and see if you can buy their old phone from them.

Selling Something

Finally, you always have the option of selling something to come up with the money to buy your phone. If you go this route, you can avoid getting bad credit cell phone financing and all of the fees and high interest that come with it.

Take a look around your home and see what you have to sell. Chances are good that you have several hundred dollars in property that you are not even using. You might be able to get money for jewelry, sporting goods, other electronics, etc. Liquidate your old stuff and get the money that you need in order to avoid a loan. There are all kinds of places to sell your old stuff. Check out Craigslist, download the LetGo or 5 Mile app or just sell it on eBay.

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James Car is a finance, loan and budget expert based in the United States. After attending Brookhaven college, he went on to become a successful entrepreneur. He now enjoys writing articles that help people save and make the most of their money.