I Think I'll Pay This one Off Early

Feb 23, 2010 20:31

In November of 2007, Jeffrey finally broke down a bought the big HD TV he had been wanting for a while.  He got a good deal, and he got free financing for 3 years.  So, I pay a bit each month.  The balance goes down; the deferred interest goes up.  Oh yeah, the financing is only free if you pay off the entire balance before your promotion expiration date.  Don't pay it all, and they hit you with all that interest.

This month's New Balance: $555
Deferred Finance Charges:  $742

That is scary - I'm definitely making sure this is paid off early.  I have until the end of January 2011.

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