I am currently shopping for a new LCD TV. I have found a 42' Samsung LCD. I want to purchase it but at the same time dont want to empty my bank account. Would a bank accept a loan application for something like wanting to purchase a new TV. I know many banks will offer personal loans starting at $1,000. But would they accept a loan request for something like wanting a new TV. Any helpful advice would be great, Thanks in advance!
2006-09-07 15:15:15 · 7 answers · asked by brad h 1 in Business & Finance ➔ Personal Finance
You can take a "personal loan" for whatever reason you want, don't need to specify. Now, you are probably better of getting it at a store where they have the "no interest, no payment" or whatever for a year or something like that. Then pay it off before the time is up and cancel the card. Good luck.
2006-09-07 15:18:16 · answer #1 · answered by jo_anna1 2 · 0⤊ 0⤋
Do you really want to pay interest on an LCD TV that is going to lose value??? That kind of purchase may be better with a circuit city or best buys 12 months same as cash financing. if you cannot pay it in 12 months, you shouldn't be buying it. Its not my place to tell you what to buy or what you can afford. Save the bank loan for something like a car or home, not a tv. If you are looking for a decent price on a tv, check out www.onsale.com. I've seen some sweet deals. Watch the shipping charges and make sure you get insurance on it. You don't want to mess with returns.
2006-09-07 15:19:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you have to get a loan to buy a TV then you cannot afford the TV. The will usually will not accept a TV as collateral on a loan.
2006-09-07 15:21:27 · answer #3 · answered by wizard8100@sbcglobal.net 5 · 0⤊ 0⤋
If you cannot afford it, don't buy it!!!!
A personal unsecured loan is about 15% interest - so if you take the loan out for a year, is it worth a 15% premium?
This is dangerous behavior - it sounds like the next step will be, if you lose your job, to find yourself drowning in debt.
The only thing you should ever borrow money for is an appreciating asset (house), or, if you have to, a car.
2006-09-07 15:17:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you have the money in your account and offer that explanation than most likely yes. You don't need to offer collateral if you have enough to make payments in cash. But I agree with everyone else, go with a 0% interest for 12 month type sale and avoid the interest debacle all together.
2006-09-07 20:27:29 · answer #5 · answered by wrf3k 5 · 0⤊ 0⤋
the two plasma and liquid crystal exhibit eat a honest quantity of ability, yet some greater cutting-edge plasma monitors vehicle compensate the lower back gentle to the ambient lighting fixtures, saving ability if the room is amazingly darkish. LED tvs use led's to gentle up a liquid crystal exhibit panel, turning on and rancid while needed, this protects as much as 40% in ability. the recent Panasonic NeoPDP plasma saves as much as 60% of ability yet nonetheless produces amazing colour. seen i might say plasma, colors are greater suitable, whites are brighter, blacks are deeper, greater suitable assessment and the photographs and action blur are smoother. As for sturdiness, there is not any longer plenty between the two, with Panasonic claiming their plasma monitors will final for one hundred,000 hours, the reminiscent of two an prolonged time of gazing 8 hours of television an afternoon. additionally, liquid crystal exhibit panels tend to be uncovered, so stress can injury each and each pixel, while plasma monitors have a no longer basic glass front, quite now that the Wii is starting to be usual, manufacturers are recognising this.
2016-12-15 04:28:30 · answer #6 · answered by ? 4 · 0⤊ 0⤋
join a group/club/organization, take a night school course, do something that gets you out of the house and you wont need the tv
2006-09-07 15:25:37 · answer #7 · answered by capollar 4 · 0⤊ 0⤋