If you have not established a positive credit rating yet, or maybe you have had payment problems in the past, and are trying to finance a TV, you will probably find yourself in a frustrating and slightly circular situation. Many stores will try to have you sign up for charge card, which is backed by an outside lender. When your score is checked, it comes up as non-existent, and/or poor so your application is declined.
However, the best way to build your standing is to charge purchases, so that you can establish a responsible borrowing profile. Financing a TV could be a good start for creating a positive rating, but it can seem impossible when what you need to is the thing you are trying to generate. LutherSales has a solution that might fit your financing a TV budget.
The Cost Of Owning Credit Cards
Another issue is that starter cards can often have annual fees and high interest rates that end up causing you to pay much more than the actual cost of your financed TV. Some providers can have very high APR rates for accounts that are considered higher risk – ours is a simple interest rate. If your financed TV is purchases through LutherSales, you might be paying as little as $25 -$35 every month. If you are only able to afford the minimum payment each month, the new flat-screen TV by the time you paid off in the timeframe you choose.
Saving for a Rainy Day TV May Not be the Best for You
Some people decide that they will try to save their money instead of financing a TV, so that they can just own the set without debt. While this is one solution, it does have drawbacks. If your delayed gratification makes you feel sad, then waiting to get the new product is not the way to go. LutherSales has multiple choices to help put a smile on your face when financing a TV.
Even if you are able to set a goal and put some cash away over time, often there are emergencies that crop up and cause the savings to be spent on a necessity, instead of what you really want. Although accruing the funds can get you past lender bias, it doesn’t help the original problem, which is not having enough credit to traditionally finance a TV.
Decide to Finance a TV Today
A different way to finance a TV so that you can enjoy it now, is to consider LutherSales as we offer our own customized payment plans. This road of TV financing does have the benefit that it will count towards building your rating. Using LutherSales credit programs to get your TV financed can solve many of the obstacles that lack of credit may pose.
