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03-18-2013 12:56 PM
Hello forum ppl!
I am currently under contract on a home! I am looking into buying around 3k work of appliances and want to take out some type of credit to pay for at least half. I was thinking about a Lowe's card or Sears but I'm kind of concern with the interest that will be charged. I currently only have a capital one card for 400$ (0 balance) and I'm an authorized user on my mom's Walmart's credit card 2500.00 (350.00 balance). Would you guys recomment applying for a store card ??
03-18-2013 01:02 PM
Do not apply for anything if you have not closed yet, it will affect your credit score plus what if something happens and you don't close?
Once you close, then you can go shop, most of these stores have next day delivery so it shouldn't cause a problem.
03-18-2013 01:28 PM
No reason to buy anything until you've closed. Most places can deliver in a day or so. You can apply for a store card, pick out your appliances, and arrange for their delivery in just a couple hours. No reason to do anything far in advance unless you can pay cash and you're not spending money needed to close.
03-18-2013 03:01 PM
I am in the same situation, however I am too worried to touch any of my money and make big purchases right now. I'm too worried they are going to ask for updated bank statements or something and wonder why i'm blowing through all of my money.
03-20-2013 05:06 AM
03-20-2013 08:02 AM
don't buy anything from lowes or home depot without their 10% coupon! You can usually get them on their site for new homebuyers or eBay (the bay of evil). I bought one for $10 and saved me $200 when I built the deck.
Sears...check out their scratch and dent....can save you about 60%.
03-22-2013 11:45 AM
I love Home Depot. I have purchased a ton from them via the Home Depot credit card due to some remodeling. I have had it about 15 months. I called twice for credit limit increases and they are extremely generous in the amount they give.