Pay monthly vs. credit card ?

Neptuneoscar

Hi, I am pondering whether to buy a new sofa or not. The store I want it from is the range and they do a pay monthly scheme through Barclays, 20% deposit on the sofa then the rest spread over 12 months with no penalty for paying off early. Now a few friends have said it would be bad for credit and to get a 0% credit card which I don't really want, others say it's a good deal and won't affect my credit score, what do you think?
I do have the money for it in saving which is really for future/wedding so I could buy outright if that would be better than both the options just don't know what to choose

MallyGirl

both options would appear on your credit history and would be a positive as long as you kept up the payments. Is the finance deal 0%
do you have a strong credit history as you might not qualify for a 0% card if you don't - not score, a history of managing credit well with no late payments/defaults/CCJs?

Neptuneoscar

Yeah the finance is 0% and I looked at credit cards and lowest rate was like 15% or so. But as long at the finance would be positive on future credit score, it's 0% so makes sense. I'm only 20 so don't have much of a credit score anyways.

National_Debtline

Hi

As long as you repay the finance within in the 0% period it will not have a negative impact on your credit history and you will not pay interest. I agree that would be the better option.

James
@natdebtline