Hi All, I need advice or suggestion as to whether I go financing or use my credit card to purchase a computer. Which is the best route to go that will not have a negative impact on my credit report? The financing company says it's only a Soft pull when I go financing with them and Not a hard inquiry but it will show on my credit report as line of credit. Should I go financing or use my credit card to pay it off? The amount is around $1,000. When they say line of credit on my credit report, Is it like a revolving account or an installment loan? Thank you in advance 
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Probably reports as installment loan. But if it's one of those predatory consumer finance companies, that actually looks bad on your report; especially upon manual review by UWs. I'd say just put it on a card and try to get a 0% promo. As ddemari said, try for the Barclays Apple Visa if it's a Mac. If your TU is even 650+, you should be good to go.
@ddemari wrote:Who are you planning on financing the $1,000.00 dollars with. If it is a web based loan company, you more than likely will get hit with a HUGE apr and end up paying maybe 3 times the cost of the loan.
What kind of computer is it? Apple? If so, maybe Barclay financing Visa? Depending on your TU fico, that card is pretty easy to get and offers flexible financing on mac computers.
I don't think i'd take out a personal loan for $1,000.00 to buy a computer. I'd look at other options.
+1, I would go with apple Visa,if you are interested in mac. Dell always sends me an offer but I'm like no thanks.
Love my Mac.... Good luck OP,
@ddemari wrote:Who are you planning on financing the $1,000.00 dollars with. If it is a web based loan company, you more than likely will get hit with a HUGE apr and end up paying maybe 3 times the cost of the loan.
What kind of computer is it? Apple? If so, maybe Barclay financing Visa? Depending on your TU fico, that card is pretty easy to get and offers flexible financing on mac computers.
I don't think i'd take out a personal loan for $1,000.00 to buy a computer. I'd look at other options.
Thank you . It from web based financing. I tried the soft pull just wannted to see their offers and showed: Global Financial: $70.33/mo. for 18 months 
... for the amount financed of $845. Wow! that's an extra $400+ dollars on top of the original price . It's not a Mac computer. It's for my son's gaming computer for my B-Day gift for him as from his wishlist. Ironside computers is the name of the Company.
@OmarGB9 wrote:
Probably reports as installment loan. But if it's one of those predatory consumer finance companies, that actually looks bad on your report; especially upon manual review by UWs. I'd say just put it on a card and try to get a 0% promo. As ddemari said, try for the Barclays Apple Visa if it's a Mac. If your TU is even 650+, you should be good to go.
Thank you. I already have Barclay Arrival CC that just got approved about 3 weeks ago, can I still apply for the Barclay Apple VIsa but the computer is not to buy a Mac computer though . Ironside computers is the name of the computer company. I do have 696 TU myFICO score, lowered after my app from 705
You could still apply, don't know what the outcome would be though. If it's not a Mac, you could still try for another 0% card. Most cards have a 0% intro period you could use. If you don't want to/can't apply for any other cards, you could call up your existing creditors and ask for a temporary 0% promo offer.
I have the Apple card and would say "talk him into a Mac" lol
You don't have to use the Apple card to buy a Mac but you lose the special financing offers. You know you can run Windblowz on a Mac right? Just have to add some additional software.
@Officer737 wrote:I have the Apple card and would say "talk him into a Mac" lol
You don't have to use the Apple card to buy a Mac but you lose the special financing offers. You know you can run Windblowz on a Mac right? Just have to add some additional software.
I have apple as well. would only suggest if op likes apple. I also have a Best buy Visa Signature. For sure a regular Pc or laptop would qualify for long term 0% rate. Up to 36 months at 0% Depending on how much they spend. over $999 and minimum would be 18 months same as cash. So like I said this is a no brainer. I looked at mac laptops even with my 5k apple card. no thanks. Too expensive for me. Then i went to best buy. $500 was just what the doctor ordered with no interest.