Buy On Trust Lending review
If you want to shop for new electronic devices but lack the cash to do so, this Buy On Trust Lending review can help. Read on to learn everything you need to know about this lease-to-buy program.
Buy On Trust Lending: Get up to $5,000 to lease brand name devices even with no score!
If you want to get your hands on the latest electronic devices but lack the purchasing power to do so, a lease-to-buy program might be a good option. In this Buy On Trust Lending review, we’ll look at the features, pros and cons of one of the top lenders in this category.
While lease-to-buy loans are nothing new, Buy On Trust stands out amongst the competition. One because it doesn’t perform any hard inquiries.
Two, because you can get up to $5,000 to shop over 81,000 top-of-the-line electronics at Best Buy. And three, because paying the installments helps you boost your score, as the company reports payments to credit bureaus.
- Credit Limit: Up to $5,000.
- Does it reports payments to credit bureaus?: Yes, all three major bureaus.
- What can you loan?: You can lease over 81,000 electronic devices at Best Buy.
- Fees: $50 purchase fee, $10 to close the account.
- Customer Support: 24/7 customer services available.
So if your credit score is less-than-perfect at the moment, you can still take part in this program. Don’t let your current rating keep you from getting what you want!
Read this Buy On Trust Lending review to learn how to affiliate and shop for the best devices available in the market.
Buy On Trust Lending: how does it work?
Buy On Trust is a merchandising credit line that allows people with limited or no credit history to lease brand name electronic devices at Best Buy’s online store.
They employ what is called a lease-to-buy program, which lets you lease an equipment before deciding whether or not you want to keep it.
The company does not perform any hard inquiries on your score, which means they evaluate your financial profile without harming your current rating.
However, you must meet their requirements in order to get the credit line. Plus, the amount available to you varies according to your creditworthiness.
Buy On Trust offers flexible repayment terms with fixed installments up to 12 months. To purchase your items, you’ll have to pay a $50 fee at checkout.
Once you’re done with the installments, you can purchase the items you leased if you wish to do so.
The company also allows you to pay off your lease within 90 days if you don’t want to commit to monthly installments.
Then, you can close your account by paying a small fee of $10. You’ll also get a 25% discount on future payments if you choose to pay your lease upfront and anywhere between 90 days and 12 months.
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Buy On Trust Lending: is it a good loan?
If you have a low credit score and want to purchase a new phone or tv, this lease-to-own program can be of great help. However, all credit lines also have a few drawbacks you should know about before applying. Keep reading our Buy On Trust Lending review to learn what they are.
- You can get up to $5,000 to purchase brand name electronics;
- You can pay your lease in 12 monthly installments;
- There’s no hard inquiry on your score;
- Buy On Trust reports all your payments to the main credit bureaus;
- All credit levels are welcome to apply.
- Lease-to-buy programs are usually more expensive than paying cash;
- The program is not available in every U.S. state.
What is the required credit score?
You don’t have to have a good credit score to apply. Matter of fact, Buy On Trust doesn’t even perform any hard inquiries for approval. However, you must meet their requirements to get a credit line.
That means you must have a solid income history of at least 3 months from the same source. Plus, an active checking account with a minimum $1,000 deposited into it monthly.
Finally, the company might deny your application if you have a negative balance and an overdraft history.
Buy On Trust Lending application
If reading this Buy On Trust Lending review got you interested in their program, applying is easy! You can do so online with a pre-qualification and get a fast decision.
If you’re ready to upgrade your electronics, follow the link below and learn more about the application process.
About the author / Aline Barbosa
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