Do you read the fine print when you are filing out finance forms? Here are some things you should know regarding the 0% financing for 12 or 24 months. It may be the bankers and not the consumers who are the winners in this game.
Retailers are taking a financial approach that’s proving popular. It is the offers of 0% financing for 12 or 24 months when shoppers buy big-ticket items like plasma televisions and washing machines. Even though such deals can lead to write offs as the customers drawn to them often have less discretionary income and are more likely to default; retailers feel they can live with the delinquencies. Yes, retailers are willing to do this because the delinquencies have less margin-killing than mark down merchandise.
{"id":73,"date":"2006-02-08T13:58:53","date_gmt":"2006-02-08T18:58:53","guid":{"rendered":"http:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/personal-finance\/credit\/who-benefits-with-zero-percent-financing"},"modified":"2006-02-08T13:59:04","modified_gmt":"2006-02-08T18:59:04","slug":"who-benefits-with-zero-percent-financing","status":"publish","type":"post","link":"https:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/personal-finance\/credit\/who-benefits-with-zero-percent-financing","title":{"rendered":"Who benefits with 0% financing?"},"content":{"rendered":"\n\n\t<\/p>
Do you read the fine print when you are filing out finance forms? Here are some things you should know regarding the 0% financing for 12 or 24 months. It may be the bankers and not the consumers who are the winners in this game.<\/p>\n\n\t
<\/p>
Retailers are taking a financial approach that’s proving popular. It is the offers of 0% financing for 12 or 24 months when shoppers buy big-ticket items like plasma televisions and washing machines. Even though such deals can lead to write offs as the customers drawn to them often have less discretionary income and are more likely to default; retailers feel they can live with the delinquencies. Yes, retailers are willing to do this because the delinquencies have less margin-killing than mark down merchandise.<\/p>\n\n