Offers for financing furniture are everywhere these days. You’ll see commercials on TV, offers in stores, signs on streets, and more.
I see them all the time, and I can't believe the “deals” they are promising people.
To be honest, I have never once seen a good deal on furniture financing.
I've seen offers for bed frames at $100 a week for a year, computers at $50 a week for a year, and so on. The low monthly payment is what pulls people in, but when you think about how long you will be making that payment, financing furniture and electronics becomes pretty unrealistic.
Side note: Of course, there are always exceptions when it comes to financing and credit. If you know how to take advantage of certain financing offers, then you may be able to come out ahead. However, if you know that you are not good at handling debt (which is probably the majority of the population), then it may be best to avoid offers like this completely. [Read more…]