i wont be paying the minimum, i paid off my last 1000 dollar computer in 8 months. And i will do that again. I just want to know if thats a credit card or a card for use at hp only
--- In [email protected], [EMAIL PROTECTED] wrote: > > > In a message dated 10/26/2006 21:47:31 GMT Standard Time, > [EMAIL PROTECTED] writes: > > I applied and got 800 but how am i supposed to get a good laptop for > that? I wanted to finace it and i have no idea if thats a credit card > i just got. It said e financing. It a hsbc card i think. I have no > idea > > HP Home & Home Office Store e-financing center > Instant online financing, easy low monthly payments, secure > information and privacy > > > > It says its a credit card arranged in association with HSBC Nevada. > The interest rate looks high "Variable Standard Rate APR: 22.65% as of > 09/15/06. Variable Default Rate APR: 25.65% as of 09/15/06", as you would expect > of a credit card. It does not demonstrate how much you would pay in total > over various repayment periods (e.g. one year, two year, three or more years. > Nor does it say how long it would take, and how much you would pay in total, > if you only made the minimum monthly repayment. A long time and a lot of > money I should imagine. > > Whilst I am not an expert on consumer credit in the USA, or anywhere else > for that matter, I would sincerely suggest that you investigate alternative > methods of funding your purchase. Personal loans from a bank etc. must be > considerably cheaper. Plus the danger with a credit card is you can make > additional purchases and end up never paying off the debt. Additionally your laptop > may need replacing before its even paid for. > > Also someone in the Chad Group said of the Dell credit "Dell's interest > rate is apx 30% give or take a point or two. And since your > credit limit is $1,500 I would say you are paying right at 30%. Nothing > against your credit. So doing the math, if it takes 20 years to pay off a > credit card at minumn payment you would end up paying $10,500 for the > computer. Of course after 4 years you will need another one, so for the next > 16 years you will be paying for nothing. You are out $10,500 for a $500 > computer." > > Paris > > > [Non-text portions of this message have been removed] > If you have any questions or problems with any aspect of this site, please feel free to contact me directly [EMAIL PROTECTED] Please do not post personal issues directly to the group. To unsubscribe from this list, send an email to [EMAIL PROTECTED] Thank you for using A-1 Computer Tech Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/A-1-Computer_Tech/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/A-1-Computer_Tech/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
