What's The Truth About Those "No Interest/No Payments" Sales?

[Mr.Slant]

@Kalhoun

I’ve never heard this before. Can you explain the difference and why Experian is bogus? I thought all the main reporting companies used the same scale, and that you were judged worthy or unworthy based on their numbers. What is FICO?

GFactor’s explanation and reference thread says everything I would have said on this.

[Gfactor]

Also, remember that in some parts of the credit world, your credit score gets incorporated into a broader credit grade or internal score. mortgage point system? How does that work? - Factual Questions - Straight Dope Message Board

[Princhester]

@Kalhoun

Yes, but you’d pay the same price at that place if you didn’t do the interest-free loan. Don’t all the major Big Box stores have competitive plans?

Incidently, I think we only did a Big Box purchase once with this. We don’t invest much in electronics, and when we do, it’s usually something small. We did a TV this way, but most of our purchases are much smaller. Most of my “no interest” purchases are household items: carpeting, windows, a/c, furnace…that type of thing.

At what place?