currys tv finance

fozmcfc

EdgEy wrote: »

I wouldn't worry about the embarassment, I'd be embarassed enough getting into debt over a bloody television. Car loans are one thing, a TV?

You are quite right.

For me it is a reminder of my bad old days, when instead of saving the money up for a couple of months, I get something with the intention of paying it off and then end up paying ridiculous interest.

My 2007 TV purchase will finally be paid off in September 2011.

If I do buy on credit now it is 0% and I ALWAYS pay off anything owed before the 0% runs out.

kev.s

diable wrote: »

Save up the money and in 6 months you'll get a better TV cheaper.

i'm with you there, finance for a telly...?? there's no helping some people

archer7

kev.s wrote: »

i'm with you there, finance for a telly...?? there's no helping some people

I try not to jump to conclusions. Let's assume that the original poster has worked out how much value and enjoyment they will get from a new TV, has worked out the "penalty" they pay in interest by getting it now rather than saving, and has decided that they are willing to pay extra for the "value gain" in getting it now. If they are the type of person who is capable of managing their money extremely well, and they have made the decision to get it now, it could very well be a good spending decision for them.

Of course I think it's not, it very rarely is a good decision! But for all we know, they have thought carefully and decided this is good value for money. In my opinion, all we should do is remind them of the questions they need to consider and the dangers of debt - then let them make their own spending choices.

Dave101t

i got finance on a tv, purely so my credit report would have a successful loan record on it. paid it all in time no interest. why would you be embarrassed, are the shopkeepers friends of yours?

Derivative

I packed in watching TV a while ago anyway as it's simply a massive time sink.
We have one in the front room but not for my purposes.

Pick up a good book or get on the internet, there's tons of interesting stuff to read about and learn. Much more stimulating than whether that kid with the sexy smile won X-factor.

paulmcerlean

sentinal wrote: »

Currys have recently changed finance companies. I always use to buy from them on buy now pay later. If you pay of in full before or on the due date, you paid nothing in interest. I went in my local store a few weeks ago to buy a TV. I was denied credit and couldn't understand why. I was told by the salesman, they have changed finance companies. So unless you are sure you're credit rating is very high, i would stay clear.

Currys and PC World are now using Creation Consumer Finance for retail finance transactions.

Offering 10% deposit with choice of 12 to 36 months at around 19%APR.

As for it being very hard to get, not true. It is as obtainable as it always was, for those who have a decent credit file with no missed payments or defaults.

Also, as its Creation, a branch of Sygma bank - make sure you are on the electoral roll or you will be declined.

I believe Currys and PC World are about to offer finance again online with Creation which will allow you to 'e-sign' the agreement thus avoiding the delays of posting agreements etc...

plumber2009

Is it possible to get finance from DSG Retail (pc world) for a TV if i am bankrupt.

I need a new TV and would like to get on finance so I can afford it and rebuild my credit history.

What are creation finance like on their scoring? I know that you must be on the ER register.

BugsyBrowne

plumber2009 wrote: »

Is it possible to get finance from DSG Retail (pc world) for a TV if i am bankrupt.

I need a new TV and would like to get on finance so I can afford it and rebuild my credit history.

What are creation finance like on their scoring? I know that you must be on the ER register.

I personally don't know about that, but would say if you were PC world would you give a bankrupt say a £1000 T.V when they have proved they are in no financial position to handle any sort of credit.
Getting credit from PC world,Curry's,Comet they will only give credit to people with a proven history of handling credit..

Dabooka

Just my tuppence worth on the whole "TV on credit" debate.

To say it's stupid to do it is rubbish. IF you don't pay it off on 0% and then tget hit by charges, then THAT is a stupid thing for THAT person to do.

However, some local department stores (mine is Fenwicks in Newcastle, I believe Co-Op used to do the same sort of thing) will often give you the option of paying it off in "4 cheques" or over four paydays if you will. So when I went in for my new one, I could have settled up there and then or stretch it out, which I choose to do (plus you often get a 5 yr warrenty as standard) They also do 0% for 12 months on £500 or more, and it's paid off in full in that time, no option to miss the deadline and have a load of interest added.

So before we slag off the whole concept of credit, please look at the bigger picture which is a) the deal b) the finances fo the individual c) the reasons for doing so.

/rant

geoffky

christ i remember my mum and dad had a slot tv many years ago..i am sure he broke into it one day..i was also trained to hide behind the couch..poverty sucks...