Store finance on TVs etc?

zudecke

YorkshireBoy wrote: »

Could you expand on that? You're not referring to your credit 'score' are you?

Re the finance, are you looking at 0% for 6 months or buy-now-pay-later with deferred interest and circa 29.9% APR deals?

I was actually looking at the buy-now-pay-later option, as that, if I understand correctly, allows me to pay it off wiothin 2/3/4 months and only incur a "admin fee", which is approx £30 across most companies.

What are the drawbacks of this? What would you recommend in my position? (apart from, "saving" or "getting a cheaper one" )

poppasmurf_bewdley wrote: »

£750 is a lot for a TV.

You can get a 42" plasma for about £400.

Ahh, I just want to spoil myself this once!! I don't drink, smoke or go out and I do enjoy a lot of TV/movies and in particular gaming, so I'd like to invest a little more in it...

donnap83

With a default on your account already, theres a good chance you'll be turned down for credit, which will in turn have an adverse affect on your credit file, much like the application for car finance. Can you risk your credit file taking a further nose dive? I'd wait, save the money and buy the TV outright. And look around. £750 is a rip off in anyones book.

poppasmurf_bewdley

zudecke wrote: »

Ahh, I just want to spoil myself this once!! I don't drink, smoke or go out and I do enjoy a lot of TV/movies and in particular gaming, so I'd like to invest a little more in it...

The problem is you haven't really got the money to spoil yourself, have you?

[Deleted User]

poppasmurf_bewdley wrote: »

The problem is you haven't really got the money to spoil yourself, have you?

A good point. While I like my home cinema too, I too would be careful about the subtle distinction between 'spoil' and 'ruin' in this case.

Tixy

zudecke wrote: »

I was actually looking at the buy-now-pay-later option, as that, if I understand correctly, allows me to pay it off wiothin 2/3/4 months and only incur a "admin fee", which is approx £30 across most companies.

Very unlikely to be accepted for these types of deals with a default on file.
0% finance deals are hard to get, only people with a pretty perfect credit file and credit history tend to be accepted. Other people with okay files might be accepted for a finance deal but with interest, but people with poor credit files, such as having a default, are likely to be declined.

m00m00

Store Finance with a default, you are looking at the likes of BrightHouse unfortunately

and you really don't want to go down that route

Hughesy84

£750 for a tv?

WOW - It must be huge??

You can get a 40-42" LED 3D TV for £600 easily now. And like the others said - IF you have a good income, save for it - dont use finance.

CASH IS KING

KingElvis

All academic as there's no chance of 0% with a default anyway, even if you wanted a 50ft Jumbotron the answer would be a big fat no.

zudecke

Damn, sucks! Thanks all anyway!

[Deleted User]

zudecke wrote: »

Damn, sucks! Thanks all anyway!

In the meantime, just sit closer to your current smaller TV. Hey presto - cinema style viewing!