We’ve all seen them – 0% financing on certain items such as cars, electronics, appliances, jewelry, and more. The offers seem great and you may even be wondering what the catch is.
Well, I know what the catch is. Actually, there are many catches.
If you’re careful, a 0% financing offer can be a good deal. I’m not going to say that they are always bad because I know they aren’t.
I have taken part in several 0% financing offers. Some took place before I realized what the catches were (yes, I will admit that one time when I was younger I didn’t read the fine print, but thankfully I never had to experience any of the negatives), but now I’m much more careful about them due to the fact that I know there may be consequences.
Yes, some companies are great at sharing what the consequences may be, but I know that there are some companies that don’t make everything so obvious.
Below are some of the many things you should think about when it comes to 0% financing offers. [Read more…]