Be careful when applying for interest free financing when purchasing new computers via major retailers like best buy, dell, or hp. These offers generally seem quite nice to get that new laptop for only small monthly payments, but make sure you read the fine print. Generally if you are late or miss a payment on a no interest financing plan, your interest rate will start accruing at the normal loan rate which is generally extremely high.
This change can also affect your credit as you will have to either continue paying the loan at the much higher rate or default on it and return the computer if you are unable to pay. Either of these options can be rather damaging and drastic. As a golden rule for purchasing computers, don't buy something you can't afford and be sure you pay for the entirety of it upfront to insure you don't get caught holding a tremendous interest rate. Learn this and other great buying and saving ideas at breakbroke.com
