![]() We got a CareCredit card when I had an emergency root canal. ![]() wrote:įrankly it is best if you calculate what you need to pay to have it paid off one month prior to the end of the interest free period so you don't accidentally incur the added expense of the deferred interest. It is fine if you pay it off prior to the end of the interest free period.įrankly it is best if you calculate what you need to pay to have it paid off one month prior to the end of the interest free period so you don't accidentally incur the added expense of the deferred interest. R2G is notorious for this type of financing. You can read all about it in the contract terms and conditions section of your new credit line or the sofa purchase contract. The minimum payment is not designed to pay off the line within the interest free periodso if you don't have it paid off in its entirety by the time the interest free period is up - then you get a sudden increase in your balance. It usually means that there is a deferred interest component that kicks in after the interest free period and the ENTIRE deferred interest is added to the balance. NO!! You buy and it reports that your credit line is 1,000 and you have maexed to $894 so my utilization is 85%!!!!!!, whic dropped my 680 score to 649!!!!!!!!!!!!!!!!!!!! I dont know about the others! But if you are trying to rebuild DO NOT USE ROOMS TO GO FOR CREDIT!!! NOW AFTER I THOUGHT MY PAYMENTS WOULD BE 26 BUCKS INTEREST FREE (SOUNDS GOOD) NOW I HAVE TO PULL MONEY OUT OF SAVINGS TO PAY IT OFF RIGHT AWAY!!!!īe careful with this "interest free" type payment. Now I was under the impression that the credit was like that of a car you borrow and make payments and payments report. I said, sure why not and purchased the coach for $894. My scores are 735, 729, and 680, I went to Rooms to go to buy a coach for my loft. If you seek a credit line with R2G for furniture, it is treated like a revolving credit card! So, this is my story.
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