New PS3 Slim for.....!?!?!

[Icyedge]

nordlead said:

Icyedge said:
Ok guys, if what your saying is true, than credit in the U-S and Canada doest work the same. I bought my car 2 years ago, still at 0%, it was 5 years at 0%, its common here. Opening up a credit card or closing up a credit card doesnt affect your credit score here, I can certified that.

yes, well that may be the case. I didn't realize you were from Canada at first or I would have suggested this. In the US you can get 0% for the first year (pretty common) but after that it typically skyrockets. Any credit card you open is at least a 6 month hit, and unless you have way to many credit cards, closing them is a bad idea. If you have a lot of credit cards closing one is good as it reduces how much available credit you have.

 

I see, its not good how it works for you. Here a credit card or loan demand will only affect your credit score if its refuse. But like in the states having a lot of credit card can affect your chance of receiving a big loan because of the available credit, the bank will probably ask for your confirmation and will close them and lend you, without affecting your credit. We also have a law concerning skyrocketing interest, now company that lend at 0% cannot go more than 19% after then end of term. It was 29.95% before. And concerning the car industry, the % interest needs to be fixed in advance and is a flat charge added to price of the car, the amount of money of interest will cleary figure on the  car contrat.

Having a socialist governement can be a good thing sometime :).