Furniture Store Credit

I was approved for credit at the large well known furniture store here in Canada, it was awesome!

So I got a big screen 42" TV and a king sized bed! I was a bachelor at the time so both of these were important to have. The 16 months on interest no payment period went fast! I had always meant to pay it off before interest kicked in but it just didn't happen because I was working for the family business and not making any real money because the business was just paying my regular bills.

The heat was on to make my payments, and with 29.99% interest it felt like a never ending debit. It was self fueling building almost as fast as I made payments.

Even if I was one day late making a payment or they didn't register the payment I made a few days before the due date I would get a call. A few times I got behind and they called me every few days acting as if I didn't make payment arrangements with them. These calls always made me feel like dirt, like I was stealing from them or my need for food was not important. Never ever did I sense any sympathy towards me.

After moving in with my girlfriend who is now my wife, we had to deal with the same company because we didn't have any other way to get the furniture we needed. So again we went through this degrading process with this company. When we began to learn about debt reduction and budgeting we made a plan that paid off this store credit within 9 months!

Now we're using the same plan to pay down our credit cards...but this was delayed because we had to save some money to buy our new house!