Just a word of advice for those of you tickled by the thought of owning a television or refrigerator by paying only the minimums on a 0% interest finance deal… see, the one thing that most stores don’t mention is that after the promotional period has ended, the interest that would’ve accrued during the promotional period will be packed onto the loan immediately!
My advice is to read the fine print to find out what the hidden interest rate is while the 0% promotional offer is in effect, sometimes it can be ridiculous. Second, only buy these products if you can pay off the entire thing before the promotional period ends. If you can’t, try to secure some better financing terms before the promotional period ends so you aren’t stuck paying ridiculous rates for a few months.
Finally, remember that it’s a loan so it’ll appear on your credit report and ding your credit score. If you plan on any big purchases, house or car, then you might want to hold off on the new flat screen.