Wednesday, March 21, 2012

Computer Layaway Programs - No Credit Card Required

If your computer has become another appendage to your being, the worse thing that can happen is when "Old Faithful" bites the dust. Hopefully, you have backed up all of your files so you will have them for your new computer. But, if you find that your credit cards are maxed out or you can't get credit, consider online computer layaway programs as an answer to your problem.

Online computer layaway programs have gained popularity since the consumer credit crunch. A throwback to a time before plastic was plentiful, layaway has returned to allow people without credit to purchase the merchandise they need. Major retailers are offering layaway and a number of online stores have found layaway to be a new source of revenue.

The layaway process for the purchase of a computer is pretty straight forward. You pick out an item and then go to a layaway desk and put down a small deposit. This can vary, but it is usually around 5-10 percent of the purchase price. Sometimes specials are available that require less money down. Payments are then made over a period of time until the balance is paid in full. At that time, you can pick up your computer.

The big drawback is that you can't get your computer right away and may have to borrow one or head to the local library with your flash drive. But the delayed gratification means no high interest rates on credit card balances that you would have to pay for years to come.

Layaway is a definite way to save money and still buy merchandise with credit without using a credit card. Don't forget to consider this option for all of your purchases.

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