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Be careful though! At times it is better to run away from 100% financing because of higher interest rate, even if your credit score is good. For instance, if both of us were to purchase a set of furniture that costs $3,500 with same credit score. If I finance only 60% of the above amount as against your financing 100%. My interest rate would be lower than yours.
However, for a credit score of 650 and above, you would be considered for a “Bill Me Later” purchase.
If your credit score is not up to 650, never worry, you would exceed that figure as you continuously pay your bills on time. It is a matter of time! Be patient and manage your credit responsibly – and better times would come!
Good luck and best wishes!
Derrick
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November 25th, 2009 at 3:22 am
Many companies, especially with big ticket items (furniture, home improvements, appliances) offer those types of purchases to people with good credit… 625-800 range… you might get away with a 600 or so, but to be considered for the 0% financing or “same as cash” offers, you’d have to be in the 625-800 range which would be “Good.”