Answer: -Maybe rather than financing it, you should just save up until you can afford one. It amazes me that when someone has bad credit, they can't understand why no one wants to give them more credit. You are talking about financing something that costs maybe $1500. By the time you finish paying for it over 3 years, it will be outdated and you'll have paid $2500 for it. One of the problems with trying to finance something that becomes obsolete after a couple years is that if you quit making the payments, there isn't even anything for them to repossess. Who wants a 2 year old computer if you decide to quit paying? It probably wouldn't even be worth what you still owed on it at that point.Save up some money and go to Best Buy and get an E-Machine or something. Your credit would be a lot better if you quit financing stuff. -Get a Personal Loan: There are 2 types of personal loans – secured personal loans and unsecured personal loans. Secured personal loans require you to pledge any of your assets like you house to the lender as collateral. Many people choose this type of loan due to many benefits like lower interest rates, long repayment time and easy terms and conditions. But your asset is under threat if you cannot make timely payments. Your asset can be taken over by the lender and thus you lose the possession of it.