WHY IN-STORE FINANCING IS A BIG NO NO!

So your lawn mower just died and Lowes has a great deal on a new one with zero percent financing over the next 18 months!  Seems like a good deal right?  Maybe NOT! See, unless that financing is in the form of a credit card or a credit limit, your credit score will take a hit for opening this type of loan.  It will show up on your credit report as a MAXED OUT debt, meaning you borrowed $900 and your limit is $900.  If you can, try to get financing based on a credit limit because that way if you're approved for $3k, you're only at 30% of the limit with a $900 debt.  Its all about the percentages and we don't want to see balances over 50% of your credit limits! 866-918-8554 or visit www.CnyCreditRepair.com .