topic Re: HH Gregg Credit card or no-credit check financing in Credit Cards

HH Gregg Credit card or no-credit check financing

kade6767 — Thu, 21 Feb 2013 05:45:40 GMT

So, I have way oo many inquiries on my credit report right now, which is fine, I'll let them drop off over the next year. Anyway, I happened to see the HH Gregg ad this week and noticed it offered 24mo financing but then had the "OR" no-credit check payment plan listed and to see store for detals. Of course, I asked on Facebook first and the people who do their page had absolutely no clue. My sister was in a store today and found out that you pick your item, then Rent-A-Center purchases it and you in essence then make payments to RAC....So, has anyone heard of this or utilized it? I don't know if it's for any item or not and thought it might be better than doing the charge card. I need to get a new phone and did not want to sign up with AT&T and thought of buying a phone outright then using Straight Talk since it's way cheaper. If anyone is familiar with this HH Gregg thing, let me know. I don't know if they report to the credit agencies or not.

Re: HH Gregg Credit card or no-credit check financing

Anonymous — Thu, 21 Feb 2013 05:56:34 GMT

It's a GE Capital card. Pretty similar to their other offerings. They usually offer a deferred interest promotion, but the rate is astronomical, so be sure that it is paid off before the promotion end date.

Re: HH Gregg Credit card or no-credit check financing

BearsAndTurtlesRtheBest — Thu, 21 Feb 2013 06:06:58 GMT

Re: HH Gregg Credit card or no-credit check financing

Creditaddict — Thu, 21 Feb 2013 06:37:49 GMT

Maybe I'm missing it but I don't see any other info online at hhgregg abut other finacncing... is it local area?

I can't imagine a RAC loan could EVER be better then the GE card that you finance yourself unless you have to have and can't get financed by GE.

you are likely paying weekly payments that in 8 days total more than the 0% GE card if you got approved for on purchases.

Re: HH Gregg Credit card or no-credit check financing

bettercreditguy1 — Thu, 21 Feb 2013 11:21:08 GMT

Rent A Center, Arrons, and others are rent to own places which do their inhouse financing. They sell the beauty on the weekly payment thingy. However, most of what they sell is never completely paid for, there fore they have high servicing costs. Labor, truck to deliver and pick up, defaults, etc. You would be far better off if you have the credit to shop and purchase elsewhere.Plus your credit card would build and grow with you even if it is a starter card.

Re: HH Gregg Credit card or no-credit check financing

Anonymous — Thu, 21 Feb 2013 11:32:15 GMT

I am a sales associate at HHGregg and I can verify that there are restrictions on what charges RAC will allow. Having Rent-A-Center in our stores is still a new thing for us and we are all getting used to it. The best thing I could recommend is to go in and ask to speak to your store's RAC associate. They can answer any questions you have about RAC and a sales associate can answer questions on the card.

The credit card is through GE Capital and the interest rate is ~30%. If you don't pay off your debt in the interest-free promotion period then you get hit with interest from day one. Make sure to pay it off on time.

As for whether or not you can purchase a cell phone through RAC, I am not sure. Like I said, RAC is new for us and we haven't run into that situation yet. Again, ask to speak to your RAC representative.

Finally, always be nice to the employees. They just want to help.

Re: HH Gregg Credit card or no-credit check financing

Anonymous — Wed, 19 Jun 2013 02:02:12 GMT

HH Gregg was an easy approval--- I had a somewhere around 670 EQ fico, guessing around 3-5 inquiries, when approved for $2500 with $26,000 yearly income. A year later--after a large purchase and paid, a 718 EQ FICO/ 756 TU FICO, 3% uilization, no lates/collections--- I called about CLI....was approved additional to new line of $3500---HOWEVER...they gave no notice that it would be a hard pull! Not happy! Automated system requested info before transferring me to representative where I could ask if it would be hard or soft pull and then pulled before I was given opportunity to decline. I only called to ask what type of pull it would be....other than that have had no issues with HH Gregg card-- many promotions where you have up to 24 months 0% interest if pd in full by end (plenty of time even with small payment!).

UPDATE: found hard pull on Experian

Re: HH Gregg Credit card or no-credit check financing

Creditaddict — Tue, 18 Jun 2013 23:26:26 GMT

HH Greg GE pulled credit for cli??? TU?

Re: HH Gregg Credit card or no-credit check financing

Anonymous — Wed, 19 Jun 2013 12:41:26 GMT

I'm not sure about the HH Greg, but I did something similar to this through RAC and a local furniture dealer. I didn't at the time, have the credit for the Wells Fargo account at the store, so I used the RAC option. Crazy high interest rates. The dinning set I bought was $1200 and after all the fees (they have you finish paying in 24 months), it was around $3700. I ended up getting a loan through my credit union to pay it off. They did report to all credit agencies and now it helps with utilization due to my "credit limit". My experience was fine, but the rates were crazy so I would pay it off asap.

Re: HH Gregg Credit card or no-credit check financing

Anonymous — Wed, 19 Jun 2013 14:00:43 GMT

It is GE financing if you do the 24 month no financing

here is the link to apply for the HHGREG card

https://www.gogecapital.com/en/consumer-credit-financing/merchants/electronics/hhgregg.html?region=all&market=electronics

Re: HH Gregg Credit card or no-credit check financing

Anonymous — Wed, 19 Jun 2013 19:10:34 GMT

They did on mine--it was automatic through the phone request--did not give me option to decline request fro cli. I found the inquiry on my Experian same day.

Re: HH Gregg Credit card or no-credit check financing

Anonymous — Mon, 27 Jan 2014 04:02:49 GMT

Yes the rac program through hhgreg its cheaper than one of those rental places, I actually am in the rac program and I like the benefits and it posts to you credit only to build your credit or establish credit awesome program and they dont do credit check.

Re: HH Gregg Credit card or no-credit check financing

mszuki1000 — Tue, 19 Aug 2014 16:37:09 GMT

Ok....So I am confused...... What credit bureau does HH Gregg card pull? EX, EQ or TU? I am closing on my home sept 19th and would like to buy a refrigerator and/or TV for my new family room

Re: HH Gregg Credit card or no-credit check financing

jamesdwi — Tue, 19 Aug 2014 23:16:44 GMT

Its GE backed 99% of the time they pull TU,

Re: HH Gregg Credit card or no-credit check financing

mszuki1000 — Wed, 20 Aug 2014 00:45:51 GMT

OH COOL Thank you for responding

Re: HH Gregg Credit card or no-credit check financing

TrueGeminiNC — Wed, 20 Aug 2014 01:23:18 GMT

Don't do it!

The refrigirator went out in one of my rental properties. Unfortunately, I had to utilize Rent-A-Center temporarily until I could have the refrigirator replaced. Rent-A-Center was my only option considering my tenant needed a refrigirator immediately and I don't reside in the same state where the property is located.

After reviewing the rental contract, I quickly noticed that you basically pay twice the amount of the item after all the fees and finance charges. Though the weekly payment seems reasonable, those payments over an extended period of time add up.

After returning the refrigirator after a period of 1 week, the sales manager informed me that the payments appear to be inexpensive/reasonable which prompts customers to utilize the rent-to-own option. However, after several weeks into the contract, people will generally fall behind in their weekly payments. Once this occurs, there are a lot of additional fees added to retain ownership of the items, otherwise RAC takes the item back.

Long story short - RAC markets low weekly payments. However, they know most of their clientele will end up defaulting halfway through the loan giving RAC the opportunity to reclaim the items.

Re: HH Gregg Credit card or no-credit check financing

lonelyisland — Fri, 22 Aug 2014 16:04:45 GMT

Hi - have you tried doing the shopping cart trick on Motorola website? You can order the Moto G ($250 full price) or Moto X ($350 full price) directly from their site without a hard pull if you can get the pop-up.

The Moto X is a GREAT phone, I usually carry Nexus devices, but they arent compatible with Verizon anymore, so I went with the Moto X.

Re: HH Gregg Credit card or no-credit check financing

lonelyisland — Fri, 22 Aug 2014 16:12:21 GMT

and PS< I would recommend Walmart Family Mobile over straight talk. Its $35/month talk, text and web (before tax)

http://www.walmart.com/cp/Family-Mobile/1076544

I bought my daughter a Moto G and a Walmart Family Talk plan (which is Tmobile service) and am thrilled at the $$ I saved.