Financing a laptop for college?
I remember being in college and being in the same boat as you. I literally did not have 2 pennies to rub together. As far as getting approved for a best buy credit card goes.........with no credit to speak of and no money being put down unfortunately I do not see them approving you for it, but you can try. One thing I would encourage you to not do is go into a flurry of applying for credit cards or financing. Too many applications can actually lower your score and lead to staring out with poor credit. Did you apply for any financial aid? If you did chances are you probably at least qualified for stafford loans either subsidized or unsubsidized. These are given out by need and not based on credit. (Keep in mind that you still need to pay them or they will give you bad credit.) If you did and there is an amount that is in excess of what it costs for your fall tuition you can use this to pay for a laptop when the school dispurses excess financial aid. Most schools do this electronically into a bank account. Most schools do this 2 weeks after the start of the semester, but varies by school. Your schools financial aid office can tell you more about when this would happen. If the stafford loans is not an option the only other way would be to save up your money and buy one outright. In the meantime you can use the computers the school has as I am sure they have many computers for students to use.
Laptop payment's of a 17 year old?
Ask your parents to take you to a place called Rent a center. Your parents will have to sign the contract since you are under 18. All your parents need is a recent checkstub, and/or a copy of your last years tax returns. They do not run a credit check. Down side, you will end up paying about 2,800 for a 900 laptop. Their $900 price is what would be comparable at walmart of $500. Few people use this option. It is mostly used by people that want it now and don't care about the future. Consider buying a desktop. You can get the same power for exactly half the price. Walmart has fantastic desktops starting at $450. Try to save up. Financing just puts you in a viscious cycle of making banks rich and you poorer. /
What is mean by down payment and EMI?
Hello Anonymous,Whenever you apply for a home loan or a car loan, there are two common terms you come across:Down Payment: It is that fraction of the value of your asset that you have to bear out of your own pocket. The remaining cost of the property is raised through external funding.For example, you are buying a car for 8 lakhs. You may be asked to pay 20% of 8 lakhs, varying from lender to lender, that is 1.6L, out of your own resources. The balance 80% of car value, that is 6.4L, will be funded by the bank. Similar calculations take place for home loans too.Down payment reduces the exposure of the lender and eases the loan burden on the borrower.EMI or Equated Monthly Instalment: Taking the above example forward, you are eligible for 80% of loan (6.4L). Interest will calculated on this amount for the tenure of the loan. Principal + Interest (calculated on reducing balance) will be your total amount due. This outstanding amount is divided into equal instalments to be paid every month for the entire period of the loan.Which means, if the loan is for 5 years, then the amount you pay every month for the next 60 months towards repayment of your loan is your EMI.You can use the following link to calculate your EMI:Amortization Schedule CalculationDo write back incase you need further help.
I am a student and I need financing to buy a laptop. It wasn’t covered by my education loan. How can I get it?
I see the concern there, you can use student EMI to buy your laptop as well. You can apply for EMI without having a credit card & if you’re a student then you can absolutely avail such an option. Quiklo is a Fintech company that provides students with all latest gadgets in EMI. This involves a simple process which begins after you connect with the staff their for assistance. After making the down payment of the desired product you can proceed to pay the remaining amount in installments at a nominal interest rates. Have a look at their products https://www.quiklo.com/
Where can I get a small loan using my laptop as collateral?
The only other thing besides pawn shop, is selling stuff on craiglist (but be careful when you do) or if your desperate and you get on well with your new employer, you can ask for a day pay in advance? Offer to do an extra shift for nothing or do more than you have to? Or have thanksgiving at your place? Something I'm confused, you travelling out of town for thanksgiving and you need money desperately to go there, why don't you ask them if they can cover your cost and you pay them back later? You travel a great distance than they probably important to you? Otherwise IDK
Will I be approved for Dell financing?
I am 18 and a freshman in college. I ended up having to take around $9000 in student loans (expensive school, could only pay around half of tuition on my own) and repayment does not begin until after I graduate. Other than that, I don't have anything on my credit. I have no credit card (and I don't particularly want one) although I do have a debit card. As far as I know that does nothing for my credit. I have a job at my university at make around $400 a month. Next week, I will be starting a second job making around $250 more per month. That's a total of $650. I live off around $550 per month as I have really cheap rent, get meals for free because I work at a dining center and I don't have or need a car. My student loans are subsidized (the government pays the interest while I'm in school) and interest won't start to accrue until I'm done with school. I want to buy a new laptop, around $750. I can put down around $200. I would like to do it through Dell financing. I know that it will cost significantly more (if I get a 29.99% APR and made $40 payments it would cost a total of around $650 by the time I'm done paying it off) and if it means getting a computer now rather than waiting until I've saved up for one, it is fine with me. What I want to know is: 1. Would I even be approved for Dell financing? 2. Would this build my credit score at all? If so, would it build it making higher-than-minimum monthly payments or do I need to make minimum payments to see growth? 3. Am I missing any important information? Thanks!
Financing a car???????????????????????????...
Most first cars for teenagers should be bought in cash. Two reasons. 1. You could easily wreck that first car. 2. You can get liability only insurance which saves a ton of money. Look in your newspapers classifieds (try online), and see if you see anyone selling a reliable car for a couple of grand. Does your dad have a a bit of savings? There is no law that you have to finance a car.
What details do you require to buy a laptop on EMI in India?
Online- If you want to buy a laptop from any e-commerce website, you would just need a credit card (from any of the major banks) to pay for the EMIs. You cannot purchase the laptop using any other payment mode than a credit card. You will also have to select a tenure for your EMIs with a bank that you want to take it from (all major banks give this option).Offline- If you want to buy a laptop from an offline store, you would have just one option to go with - Bajaj Finserv (Capital first and Homecredit at selected stores). For this, you would need to give a lot more documents to apply for the EMIs- Your bank statements, salary proof/ income statements and credit card statements (if you have one). If you are a student or self employed individual, you would need to show a minimum income of 25000 or else you stand ineligible.There are however startups like Finomena who are now giving students the EMI option to buy laptops, phones, tabs etc. Their process is a lot more hassle-free and they also do not have the credit card eligibility criteria to give out a loan. Hope this helps.Edit:Finomena is now non-operational, however, you can try websites like Zestmoney, Kissht, EMIdukaan
What's the average down payment for a $500K house in California?
I'm 26 years old and I recently bought a $950,000 house in one of the prestigious parts of Glendale. At 20%, that's a down payment of 190k. My income alone from work is a clean $5,800 a month. My passive income from online business is $1,500 a month. Give or take, I alone make almost $7,500 clean a month. How did I afford such a house? By saving for 4-5 years. I lived with my parents. I never paid rent or any utilities except my own stuff like gas. I didn't have to pay car payments either. Now most of you are probably thinking, "huh privileged kid". Well unfortunately the mentality in America is for young adults to move out and learn to be "independent". In my opinion, moving out after 18 is total bull. You will never save money when you are renting. Most American families, from experience, do not help their kids in this fashion. They will not support a child for years on end for them to save money. Not saying all won't, but the general mentality is America is to boot your kid out at 18. My family's support system is different. We help each out out as much as we can until we get on our feet. Jew's do this also, that is why they are so far ahead and dominating most of the critical sectors of America. I'm not Jewish, but our mentalities are the same to an extent. In order for a young adult to go forward in life in an expensive city like Los Angeles, the parents must support them. There is no exceptions to this rule. You will need some kind of strong support backbone. My parents told me, listen Greg, you don't have to pay anything but you gotta do two things. 1) Go to school and get your degree 2) Save for a down payment. That is all they wanted from me. My parents aren't rich either. We are middle class. So essentially, i saved for 5 years for a down payment, my credit was strong, and I had a high income. This is how I bought the house. If i was to live alone, it would've been impossible.