I posted about 14 months ago that we got a washer and dryer (and a camera) using a 0% credit card loan.<\/p>\n
New Washer and Dryer<\/a><\/p><\/blockquote>\n<\/iframe><\/p>\n<p>Read a little more on the terms, and it has something called deferred interest.<\/p>\n<p><a href=\"https:\/\/www.consumerfinance.gov\/ask-cfpb\/i-got-a-credit-card-promising-no-interest-for-a-purchase-if-i-pay-in-full-within-12-months-how-does-this-work-en-40\/\">https:\/\/www.consumerfinance.gov\/ask-cfpb\/i-got-a-credit-card-promising-no-interest-for-a-purchase-if-i-pay-in-full-within-12-months-how-does-this-work-en-40\/<\/a><\/p>\n<p>The link is for someone in a 12 month term.\u00a0 Mine is a 24 month term.\u00a0 In short, if you do not pay off the complete balance when the term ends (or if you miss the minimum payment), the whole interest is due, from the time you start the loan, NOT from when the term ends.<\/p>\n<p>I am not caught of guard, just wanted to call this out.\u00a0 Good news is I got 10 more months to pay off exactly $300 left on the financing.\u00a0 \u00a0So if I pay $50 a week, this thing will get easily paid off in January some time, months before it is due.<\/p>\n<p>Hit the gym today, wow am I weak.\u00a0 It was hard benching JUST the bar.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>I posted about 14 months ago that we got a washer and dryer (and a camera) using a 0% credit card loan. New Washer and Dryer Read a little more on the terms, and it has something called deferred interest. … <a href=\"https:\/\/www.apolonio.com\/blog\/?p=8356\">Continue reading <span class=\"meta-nav\">→<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-8356","post","type-post","status-publish","format-standard","hentry","category-training"],"_links":{"self":[{"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/8356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8356"}],"version-history":[{"count":2,"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/8356\/revisions"}],"predecessor-version":[{"id":8358,"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/8356\/revisions\/8358"}],"wp:attachment":[{"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/iframe><\/p>\n<p>Read a little more on the terms, and it has something called deferred interest.<\/p>\n<p><a href=\"https:\/\/www.consumerfinance.gov\/ask-cfpb\/i-got-a-credit-card-promising-no-interest-for-a-purchase-if-i-pay-in-full-within-12-months-how-does-this-work-en-40\/\">https:\/\/www.consumerfinance.gov\/ask-cfpb\/i-got-a-credit-card-promising-no-interest-for-a-purchase-if-i-pay-in-full-within-12-months-how-does-this-work-en-40\/<\/a><\/p>\n<p>The link is for someone in a 12 month term.\u00a0 Mine is a 24 month term.\u00a0 In short, if you do not pay off the complete balance when the term ends (or if you miss the minimum payment), the whole interest is due, from the time you start the loan, NOT from when the term ends.<\/p>\n<p>I am not caught of guard, just wanted to call this out.\u00a0 Good news is I got 10 more months to pay off exactly $300 left on the financing.\u00a0 \u00a0So if I pay $50 a week, this thing will get easily paid off in January some time, months before it is due.<\/p>\n<p>Hit the gym today, wow am I weak.\u00a0 It was hard benching JUST the bar.<\/p>\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>I posted about 14 months ago that we got a washer and dryer (and a camera) using a 0% credit card loan. New Washer and Dryer Read a little more on the terms, and it has something called deferred interest. … <a href=\"https:\/\/www.apolonio.com\/blog\/?p=8356\">Continue reading <span class=\"meta-nav\">→<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-8356","post","type-post","status-publish","format-standard","hentry","category-training"],"_links":{"self":[{"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/8356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8356"}],"version-history":[{"count":2,"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/8356\/revisions"}],"predecessor-version":[{"id":8358,"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/8356\/revisions\/8358"}],"wp:attachment":[{"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apolonio.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}