Donny Bankson: Great Idea to lose money and wreak credit.visit dave ramsey.com to learn from othershard costly life lessons so u don't pay for theirstupid mistakes.
Libby Berkovitch: Why would that be different that financing ANYTHING else?? There is no special calculation just for furniture financing.
Coleman Ocegueda: I have been hearing that it is not a great look on your credit report because furniture financing is a lender of last resort.......
Leontine Kreitz: anytime you have an open line of credit it affects your credit score, however it may not hurt it as long as you make payments on time, in fact once you get it below 75% payed off it will actually help your credit because it shows you have a good payment history. the trick with credit cards, or financing is never go above 50% of your total credit and make payments on time and if you can above the minimum payments.
Wilfred Santacruce: consumer goods financing tells every creditor you are! to poor or cannot manage money well, so yes it hurts credit. Not so much your actual score but besides scores there are rating scales that are used by auto, mortgage and prime credit card issuers
Arlen Lopiccalo: At first yes, it will ding your credit score for a little while. Make your payments on time and you will be okay and your score will actually start going up higher the more you pay the debt down.
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