Established in 2012, this Utah based company offers a different approach to financing. It provides an alternative to bad credit loans in the form of rent-to-own options.
Snap Finance is a lease-to-purchase service. By teaming up with retailers, it offers almost instant financing, followed by payments over a more extended period.
While not exactly a bad credit loan provider, it has little to no requirements as far as a credit score goes.
Minimum Credit Score: | None |
BBB Rating: | A |
Loan Duration: | 12 months or 100 days |
Loan Amount Range: | Up to $3,000 |
APR Rates: | Not Listed |
Minimum Down Payment: | Not Listed |
As a rent-to-own service, this provider has no minimum credit score requirements. You can lease many different kinds of durable goods, including furniture, computers, and tires. However, options are limited to the company’s associated retailers.
To apply online at Snap Finance, you must meet the following criteria:
Snap Finance allows you to ‘lease’ certain items by providing finance. You’ll then need to pay for them over a stipulated period of time. The process itself isn’t very complicated. However, this kind of financing is usually different from a standard bad credit loan, so be sure to read the fine print.
You can apply via the official website, but make sure you have the information requested in the following section. Once you’ve completed the online process, service agents will review your application and let you know if it’s been approved.
If so, you can use the map to find an associated merchant near you. However, the available products are limited to certain retailers. Therefore, it’s best to check out your options beforehand, as you might not find what you need.
Next, you can purchase your desired product using the approval email at any of the viable merchants.
The website for this company lists only two different payment terms for their lease-to-own agreements. You can choose between a 100-day payment term or a 12-month contract. Unfortunately, the fees and APR rates for this firm aren’t listed.
To apply swiftly, you’ll need the following information at hand:
There are multiple ways of contacting the Snap Finance customer support team if the need arises. One of the most popular choices is the live chat, which is instant and easy to use.
Unfortunately, the time constraints on the various contact methods are stringent. Support is only available between 6:30 A.M. and 4:15 P.M. on weekdays.
You can also phone the company on 1-877-557-3769 or send an email to customer@snapfinance.com. There’s a fax and postal option, too.
The lease-to-own system offered by this firm provides financing for product purchases. However, it’s not a typical loan arrangement, so the conditions could be quite stringent.
Unfortunately, there isn’t much information available regarding the APR rates and other Ts and Cs. Additionally, the customer support is limited to certain hours.
Therefore, it might be a good idea to do more research before making a decision. Many other providers, like Avant, Upstart, and Netcredit, offer a wider range of options and more precise terms and rates.
How To Finance A Laptop When You Have A Bad Credit? 
Bad Credit Loans Compared: Upstart Vs. Avant 
How Can I Get A Mortgage With A Low Credit Score In The Age Of Covid-19? 
Will My Spouse's Bad Credit History Affect My Credit Score? 
Can My Bad Credit Score Prevent Me From Getting A Job? 
The Most Common Reasons For Declining A Mortgage Application 
How Setting Up Experian Credit Score Alerts Can Help You 
6 Things You Must Know If You Need Long-Term Loans For Bad Credit 
How To Get An Instant Auto Loan Approval With Bad Credit? 
You Can Apply For These Loans Without A Bank Account 
