re: Financing Furniture: Is this financially acceptable?

quote:

---

Financing Furniture: Is this financially acceptable?

---

What is acceptable is completely up to you.

Financing companies can actually hurt your credit score.

quote:

---

I can get everything I want for about $3,000 or so, which I can easily afford in cash, but is there anything wrong with taking out one of these ridiculous 60 month interest free monthly payment offerings? I know you're screwed if you miss a payment and hit with 20 percent retroactive interest, but from a cashflow perspective doesn't it make sense to just pay $50 a month over the course of 5 years?

---

If you have the cash and have enough saved for an an emergency fund, I would go ahead and pay and be done with it. The risk to reward ratio simply is too great - you won't be earning that much interest on $3K, but you'll sure pay a lot of interest if you miss a payment.