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Old 23 April 2008, 11:46 AM   #62
Ed Rooney
"TRF" Member
 
Join Date: Aug 2007
Location: Annapolis, MD
Watch: Sea-Dweller 16600
Posts: 5,081
Quote:
Originally Posted by redshirt1957 View Post
No such thing as 0% interest. These notes are factored (sold) to a financial institution at a cost to the seller. This cost is just a cost of doing business and is part of the overall cost of the products you buy. Also, they will not discount the item as much as when someone is paying cash. Trust me. I have made a lots of money on people buying with credit. If it was such a good deal then those who lend money would be leverage to the gills. Credit is bad. My credit rating is zero and I am very happy. Hey, I am old and dumb and it is your money.
I doubt your credit rating is zero. In fact, I think that's impossible.
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