Point-of-sale financing has become increasingly popular, popping up when you checkout at more and more online retailers. It's basically a one-time installment loan that gives you a flexible, pay-over-time option. These loans, from companies like Affirm and Afterpay, often come with 0% interest periods, similar to store cards and zero-interest credit cards but not always.
Just be sure that you're clear on the terms and conditions for any kind of promotional deal the store offers when you sign up for financing. If you're offered low or 0% interest, make sure you can pay it off within the proper timeframe. It's important to be aware of the regular interest rate that you could pay after the promotional interest rate runs out.5.
If you know that you can't afford to pay off your credit card in full after charging the new ring, a personal loan could give you a lower interest rate and a chance to pay over several months or even a few years. The average personal loan APR is 9.34% according to theJust be on the lookout for fees. Some lenders charge origination, or sign-up, fees to take a personal loan. In addition, some lenders only let you borrow cash for particular uses, such as debt consolidation or refinancing.
Here is what you need to know without reading this article: Don't do that
Sell your motorcycle..I did 😞
Wow! This is just a bad idea.
Almost did it..Key Word: Almost
Do not finance a freaking wedding ring...
Fancy pebbles are out this year.
My husband bought me a 5k ring and for our 7 year anniversary I picked out a $400 ring because of my eczema outbreaks and being a hairstylist hands are in water a lot. This $400 ring is my favorite shhhh don’t tell my hubby 🤪
Pssssttt, ppl at CNBC...majority of us aren’t thinking about how to finance a big purchase. We are thinking about how to finance rent, groceries, etc. Maybe look out of your castle window sometime to see how most of us are living so u don’t seem so out of touch w reality
uhh, how about NOT
How 'bout saying 'screw this! we can feed homeless people for a year with this money!' and just buy a cheap piece of metal instead?
Take one from India or Dubai where quality precious stones are cheaper due to lower making cost .You will have 2 in 1 foreign trip plus a valuable ring at the same price..Think about it!!?
Worst article. Good credit. Save your cash and spread it out using these stores liberal 0 percent loans. If you have good credit. As you should. You’ll never feel it.
wow