I understand that, but if they can't afford and M&P Sport they sure don't need to get a $1700 rifle at an 18% APR.
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That sounds like a cop out answer.
IMO
I'm glad to see that DD is offering a way for some folks to get a rifle. Even though the rate is high, the actual interest dollars shouldn't be too much considering the relatively small balance financed. Cut DD some slack.
There's a lot of confusion in this thread...
There is a difference between the classic credit score and the FICO score. If your credit score is 700, you have a decent credit rating, although it is nothing to brag about. If your FICO score is 700, you're considered to be on the very lower end of "good."
A credit score around 750 is good, but nothing to write home about. That being said, this company is ripping people off with their APRs.
Also, you guys all need to realize that when you apply for this loan, you are going to take a hit to your credit. It's not worth it.
If you can't afford to save up money for a few months to buy this weapon, you sure as hell don't need to be getting a loan. And if you can't afford to buy the rifle, how the hell are you going to afford the ammo to feed it?
There's too much nonsense in this thread. People who use this are just asking for trouble.
That's why we had the economic crisis!
720 is 130 points below the maximum and is not considered "excellent." It is considered to be in the "good" range and are in about the 60th percentile of the population, i.e., just above the average.
http://credit.org/blog/what-is-a-goo...e-infographic/
http://www.creditscoring.com/average/