Bad credit computer financing programs have been available online in many different forms for years. The first thing you need to do before you apply for any loan program is to get a copy of your credit report.

You need to know if you have good, fair or bad credit. This is a very important point to be clear on because if you have good or fair credit, you could select a lender that charges a much higher rate than a lender that approves people that have fair credit. And at the same time, if you have poor credit, it would be a total waste of time to apply with a lender that only offers loans to individuals that have good credit. Not only will you get turned down, you will also make your credit worse than it was before.

You can instantly order and receive a copy of your credit report online 24 hours a day. Try to order your report from a company that offers information about your credit score. This will come in handy because a lot of companies will asked you about your credit Score. Most of the time they will immediately know if they can help you with a loan. This will save them the trouble and cost of pulling your credit report and this will stop the credit bureau from adding another inquiry on your report.

Once you know your credit report score then you can apply to the appropriate lender. If you're credit score is high then you can apply to the more traditional computer lenders. A good credit score is usually 700 or above. Below 700 would be considered fair and anything below 500 would be in the poor credit Score area. If you decide to start with the conventional lender, you can call them directly and ask them about the minimum credit score that they will accept. They have no problem telling you this information. If your score is lower than the number that they give you, its time to move on to the next lender.

If you have good credit you need to compare different lenders to see who offers the lowest rate of interest. If you do not see that information on their website you can always contact them by phone and speak to their customer service department. They are normally more than happy to help you.

If you have bad credit, you need to find companies that offer alternative lending programs to people that have bad credit. If they specialize in bad credit loans that's even better. They should be experience in working with individuals that have no credit or bad credit. This offers you the best chance of getting approved for loan. And of course the fees will be a little higher than the conventional lenders, because these companies are willing to take a higher financial risk.

If you really want to get approved for a loan and you have bad credit, you will need to apply with a lender that offers alternative financing programs. You can find a number of companies online that will process your application 24 hours a day, seven days a week. Your first step is to order your credit report and review the information. Once you have reviewed your credit report you can make the best selection for the type of lender that can help you to get approved.