I took advantage of their 0 percent for 1 year on a new frig., they say no payments, no interest, & NO BILLING FOR 1 YEAR, yet they rport the balance so it will stay that way for a year!!! Any ideas appreciated. Good thing I didn't buy 10k worth!!!!!!
Sears - as well as Home Depot (MCCBG) and Retailers National Bank (Fields) have all reported my balances when I've taken advantage of a 0% for xxx deal. Not much you can do - you owe it, it's accurately reported. If you look at the "terms" section of your credit report, they should report payment as $0, but any underwriter will still count something as a monthly payment. -mj
EAGLE, I bought a computer from Sears on 0% interest, no payments but they still sent you the bill. It will tell you how much you owe and when the promo period will end. They still report the balance of the acount to the credit bureau. I paid as much as I can during the promo period. I paid it off last month without paying any interest. Ron.
