Comments on: No Interest For 12 Months Does Not Mean No Interest At All. http://www.mytwodollars.com/2008/05/15/no-interest-for-12-months-does-not-mean-no-interest-at-all/ A place to discuss money...for the rest of us. Fri, 10 Feb 2012 05:21:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sunday Money Roundup - Showing The Apartment Edition.http://www.mytwodollars.com/2008/05/15/no-interest-for-12-months-does-not-mean-no-interest-at-all/#comment-26709 Sunday Money Roundup - Showing The Apartment Edition. Sun, 25 May 2008 14:00:44 +0000 http://www.mytwodollars.com/?p=1484#comment-26709 [...] Carnival of Personal Finance #153 was hosted at Money & Values. My post “No Interest For 12 Months Does Not Mean No Interest At All” was included. Thanks so much for [...] [...] Carnival of Personal Finance #153 was hosted at Money & Values. My post “No Interest For 12 Months Does Not Mean No Interest At All” was included. Thanks so much for [...]

]]> By: May 20, 2008 Link Payday | Uncommon Centshttp://www.mytwodollars.com/2008/05/15/no-interest-for-12-months-does-not-mean-no-interest-at-all/#comment-26585 May 20, 2008 Link Payday | Uncommon Cents Mon, 19 May 2008 00:28:17 +0000 http://www.mytwodollars.com/?p=1484#comment-26585 [...] that says, “no interest for twelve months,” wisely warns My Two Dollars, because No Interest For 12 Months Does Not Mean No Interest At All. The best way to buy something like this is to have the cash available when you want to buy it, [...] [...] that says, “no interest for twelve months,” wisely warns My Two Dollars, because No Interest For 12 Months Does Not Mean No Interest At All. The best way to buy something like this is to have the cash available when you want to buy it, [...]

]]> By: Weekly Roundup - New Job Editionhttp://www.mytwodollars.com/2008/05/15/no-interest-for-12-months-does-not-mean-no-interest-at-all/#comment-26576 Weekly Roundup - New Job Edition Sun, 18 May 2008 14:39:18 +0000 http://www.mytwodollars.com/?p=1484#comment-26576 [...] David from My Two Dollars reminds us that No Interest For 12 Months Does Not Mean No Interest At All. [...] [...] David from My Two Dollars reminds us that No Interest For 12 Months Does Not Mean No Interest At All. [...]

]]> By: Sunday Surprise: Round Up Editionhttp://www.mytwodollars.com/2008/05/15/no-interest-for-12-months-does-not-mean-no-interest-at-all/#comment-26574 Sunday Surprise: Round Up Edition Sun, 18 May 2008 10:20:49 +0000 http://www.mytwodollars.com/?p=1484#comment-26574 [...] My Two Dollars - reminds everyone that no interest for twelve months does not necessarily mean interest free. [...] [...] My Two Dollars – reminds everyone that no interest for twelve months does not necessarily mean interest free. [...]

]]> By: PF Buzzhttp://www.mytwodollars.com/2008/05/15/no-interest-for-12-months-does-not-mean-no-interest-at-all/#comment-26572 PF Buzz Sun, 18 May 2008 06:04:45 +0000 http://www.mytwodollars.com/?p=1484#comment-26572 <strong>No Interest For 12 Months Does Not Mean No Interest At All....</strong> Contrary to what many people believe, when the ads for TV's and other electronics come out every Sunday with headlines screaming "No Interest For 12 Months!", the consumer is not actually getting 12 months interest-free.... No Interest For 12 Months Does Not Mean No Interest At All….

Contrary to what many people believe, when the ads for TV’s and other electronics come out every Sunday with headlines screaming “No Interest For 12 Months!”, the consumer is not actually getting 12 months interest-free….

]]> By: davidhttp://www.mytwodollars.com/2008/05/15/no-interest-for-12-months-does-not-mean-no-interest-at-all/#comment-26567 david Sat, 17 May 2008 19:59:13 +0000 http://www.mytwodollars.com/?p=1484#comment-26567 Thanks Kathy - I have not experienced the add-on warranty, but definitely one to look out for! Thanks Kathy – I have not experienced the add-on warranty, but definitely one to look out for!

]]> By: Kathyhttp://www.mytwodollars.com/2008/05/15/no-interest-for-12-months-does-not-mean-no-interest-at-all/#comment-26564 Kathy Sat, 17 May 2008 15:59:26 +0000 http://www.mytwodollars.com/?p=1484#comment-26564 1) paying in cash can get you a deal -- seeing those bills just does something to most people -- they're willing to drop the price to get that cash today than to get a larger amount 12 months from now. 2) I've heard of unscrupulous salespeople adding on a warranty (even though the people had declined it), so even though they thought they had paid in full by the time it was due, they had not paid the $35 warranty (that they didn't know about), so were charged the full amount of interest on the purchase price plus the warranty. 1) paying in cash can get you a deal — seeing those bills just does something to most people — they’re willing to drop the price to get that cash today than to get a larger amount 12 months from now.

2) I’ve heard of unscrupulous salespeople adding on a warranty (even though the people had declined it), so even though they thought they had paid in full by the time it was due, they had not paid the $35 warranty (that they didn’t know about), so were charged the full amount of interest on the purchase price plus the warranty.

]]> By: Friday Link Love - Slimey Edition | One Caveman's Financial Journeyhttp://www.mytwodollars.com/2008/05/15/no-interest-for-12-months-does-not-mean-no-interest-at-all/#comment-26558 Friday Link Love - Slimey Edition | One Caveman's Financial Journey Fri, 16 May 2008 15:34:01 +0000 http://www.mytwodollars.com/?p=1484#comment-26558 [...] My Two Dollars - No Interest For 12 Months Does Not Mean No Interest At All. [...] [...] My Two Dollars – No Interest For 12 Months Does Not Mean No Interest At All. [...]

]]> By: Rachel @ Master Your Cardhttp://www.mytwodollars.com/2008/05/15/no-interest-for-12-months-does-not-mean-no-interest-at-all/#comment-26555 Rachel @ Master Your Card Fri, 16 May 2008 12:06:37 +0000 http://www.mytwodollars.com/?p=1484#comment-26555 Great warning - there sounds like there is little difference between 'interest free' and 'pay no interest' but of course they mean very different things. It just shows how very important it is to read the terms and conditions before signing up to anything. Great warning – there sounds like there is little difference between ‘interest free’ and ‘pay no interest’ but of course they mean very different things. It just shows how very important it is to read the terms and conditions before signing up to anything.

]]> By: davidhttp://www.mytwodollars.com/2008/05/15/no-interest-for-12-months-does-not-mean-no-interest-at-all/#comment-26549 david Fri, 16 May 2008 06:36:21 +0000 http://www.mytwodollars.com/?p=1484#comment-26549 Always worth a shot Annette! Always worth a shot Annette!

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