FYI, you should know this.

Post #155,101 by gdaustin 5/13/04 11:22:21 PM 5/13/04 11:23:49 PM Reply	FYI, you should know this. If you purchase a large ticket item at 0% interest, then DO NOT purchase additional items later for non 0% interest. Don't do what I did... Purchased 1st computer 0%. ( 12 month plan ) Purchased 2nd computer 0%. ( 18 month plan ) Purchased 3rd computer 0%. ( 18 month plan ) Purchased $250 worth of stuff. (no plan) Now the credit card company is applying my $100 a month payments against the large 0% purchases and continues to charge my account at 15.9% APR interest each month for the $250 of "other stuff". So, I've got to pay off all this stuff much more quickly than 12-18 months, because the $3.30 a month for the $250 is going to cost me a fortune. And my guess is that they will probably bump the interest rate later, too. Stupid! Stupid! Stupid! Do I pay the entire balance off from savings? Or just suffer for a while? Glen Austin Edited by gdaustin May 13, 2004, 11:23:49 PM EDT Expand All History
Post #155,103 by inthane-chan 5/13/04 11:57:56 PM Reply	Ask yourself this. Are you making more with the money in savings than you lose in interest payments? If the answer is yes, then pay it off over the long run. If not, pay it off all up front. Tired of lying in the sunshine staying home to watch the rain. You are young and life is long and there is time to kill today. And then one day you find ten years have got behind you. No one told you when to run, you missed the starting gun.
Post #155,311 by gdaustin 5/15/04 12:42:06 PM Reply	Another dip into Savings... We're going to pay it off with savings, but after this, we don't have much left. The interest is lower on savings than on the debt.
Post #155,343 by Yendor 5/15/04 10:05:40 PM Reply	You're better off in the long run that way. It doesn't make it feel any better, I know, but it either saves or makes you money long-term, depending on how you look at it. -YendorMike [link\|http://www.hope-ride.org/\|http://www.hope-ride.org/]
Post #155,370 by ben_tilly 5/16/04 3:05:41 AM Reply	Not necessarily There is a definite value in maintaining a fixed cash cushion as an "insurance policy". If you don't need it, you lose the opportunity cost. If you do need it, it is invaluable. Cheers, Ben To deny the indirect purchaser, who in this case is the ultimate purchaser, the right to seek relief from unlawful conduct, would essentially remove the word consumer from the Consumer Protection Act - [link\|http://www.techworld.com/opsys/news/index.cfm?NewsID=1246&Page=1&pagePos=20\|Nebraska Supreme Court]
Post #155,381 by Yendor 5/16/04 9:33:53 AM Reply	True 'nuff. Speaking as someone who hasn't had that cushion in years, it's just normal for me not to think of it, really. -YendorMike [link\|http://www.hope-ride.org/\|http://www.hope-ride.org/]
Post #155,133 by drewk 5/14/04 10:04:17 AM Reply	Another gotcha Bought some furniture for 0% / 6 months. Five months in, called and paid over the phone so there would be no question about whether they received the check. Two months later got a statement for the several hundred dollars in interest I owed. WTF? The phone payment cost $5. Instead of taking a payment of the total payoff amount plus the $5 as I asked them to, they took payment for the furniture only and left $5 on the account. And said I now owed the back interest. I'm still fighting with them. Twice I've called and had people on the phone tell me they'd remove the interest charge and I could just pay the $5, and twice I've gotten bills that still have the several hundred. === Implicitly condoning stupidity since 2001.

Welcome to IWETHEY!