Your Credit Score is what retailers look at when you want that special financing to purchase something. During the holidays, a lot of department stores will offer low or 0% interest rate loans to entice the holiday shoppers. The department stores are hoping that this will increase there sales, but there is something you should know. They don’t just give you the low interest rates; it’s based on your credit score, and credit history. There is nothing more embarrassing when the creditor says “NO”.No one wants to hear the answer NO when it comes to Holiday Savings. If you can get 0% on any thing you purchase, that is like having money loaned to you at no cost. So you can keep that extra money in the account earning you some extra interest, instead of paying it to someone else. Remember you have so long to pay it off, usually on small purchases the bank gives you 6 months. If you don’t pay of the loan in 6 months, the interest usually jumps to some ridiculous high rate. The cool thing is, if you play your cards right, and get your holiday shopping done on 0% interest loans for six […]

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