Grown Up Furniture

theartistformerlyknownas · March 2015

PS using store financing for furniture actually hurts your credit score, because it's seen as a "lender of last resort" versus financing affiliated with a bank. Plus it's reported as revolving debt, at maxed or nearly maxed out at the beginning.

(Imagine the "the more you know"gif here. Preferably with Katy Perry.)

hellosweetie1015 · March 2015

I'm gonna go ahead and recommend doing it in batches too - since its been said already it's probably obvious, but it is 0 funs to shop for a lot of furniture at once. We (read: my parents) just bought three bedroom suites with mattresses, a couch, two living room chairs, two TVs, two "breakfast-nook" benches, and a dining room table (but not the chairs... WTF?) in a span of about two-three months. A lot of that was done at one store, but IME furniture shopping all at once like that fucking SUCKS. We spent about an entire day in the one store. Also it was a HOT MESS trying to get the br suites.

So yeah. Piecemeal furniture shopping is my preferred avenue, even if you have the dough to furnish a whole house at once.

FiancB · March 2015

lolo883 said:
PS using store financing for furniture actually hurts your credit score, because it's seen as a "lender of last resort" versus financing affiliated with a bank. Plus it's reported as revolving debt, at maxed or nearly maxed out at the beginning.

(Imagine the "the more you know"gif here. Preferably with Katy Perry.)

I'm not so sure about this. I signed up for a credit card with slumberland and used it to buy a lot of furniture and my credit went way up. I did it for pretty much that exact reason. I think it helped a lot that before that I only had one credit card with a limit of $1200. Adding a retail card with a $5000 limit brought my total credit available way up, which helped my score a lot.

I can see how this might be the case with getting stuff through rent-a-center or something like that though. Or if you already have a really good score.

theartistformerlyknownas · March 2015

FiancB said:

lolo883 said:
PS using store financing for furniture actually hurts your credit score, because it's seen as a "lender of last resort" versus financing affiliated with a bank. Plus it's reported as revolving debt, at maxed or nearly maxed out at the beginning.

(Imagine the "the more you know"gif here. Preferably with Katy Perry.)
I'm not so sure about this. I signed up for a credit card with slumberland and used it to buy a lot of furniture and my credit went way up. I did it for pretty much that exact reason. I think it helped a lot that before that I only had one credit card with a limit of $1200. Adding a retail card with a $5000 limit brought my total credit available way up, which helped my score a lot.

I can see how this might be the case with getting stuff through rent-a-center or something like that though. Or if you already have a really good score.

A credit card that happens to be associated with a furniture store is different than a line of credit directly through the store. The former would still be seen as a Visa or MasterCard or whoever they went through, which isn't as bad (except while it's maxed out).

http://twocents.lifehacker.com/surprising-ways-to-wreck-your-credit-score-1570685213

FiancB · March 2015

I kind of thought maybe that's what you were talking about but wasn't sure

theartistformerlyknownas · March 2015

FiancB said:
I kind of thought maybe that's what you were talking about but wasn't sure

I still wouldn't rely on buying furniture on credit as a way of trying to increase your score. Better ways to get furniture, better ways to build credit than opening and maxing out a credit card.

katiekessler123 · March 2015

I also hate the idea of buying furniture on credit, even if it's zero interest. I liked buying piece by piece over basically a two year period. It was less stressful that way. To be honest, and I know this is totally crazy of me, but I hate carrying debt in general. The only debt we have is our house and my husband's student loans (which are almost paid off). I even paid cash for my car about four years ago.

buttercup1958 · March 2015

Yeah I don't think I could buy rooms upon rooms of furniture in a day. Clothes I can definitely handle! I also know tastes can change, right now I love a lot of mid-century modern pieces. Then again I love the look of craftsman, bungalows, and/or mid-century ranches look. So I'm all over the place a little. Which might not be a good look, I'm pretty sure I would send Clinton running for the hills.

wandajune6 · March 2015

buttercup1958 said:
Yeah I don't think I could buy rooms upon rooms of furniture in a day. Clothes I can definitely handle! I also know tastes can change, right now I love a lot of mid-century modern pieces. Then again I love the look of craftsman, bungalows, and/or mid-century ranches look. So I'm all over the place a little. Which might not be a good look, I'm pretty sure I would send Clinton running for the hills.

I love mid-century modern, as does DH. That's actually made things more affordable for us. We've found beautiful pieces on Craig's List or even at local thrift stores that we can fix up and use. Yes, we have a few expensive pieces but my absolute favorite furniture is a dresser that I bought for $75.

Along those lines, if you take a chance, you can find treasures. Years ago, I bought a pair of chairs at a yard sale that I fell in love with at first sight. I posted on an antique furniture site trying to figure them out. No one could tell me anything about them but everyone wanted them-- I spent $25 on the chairs but ended up selling them for $900.

knottie9c5ed33df4bbd226 · March 2015

My FI and I bought a house in October and we bought all new, grown up furniture for the whole house. It was a huge investment, but we waited until a Labor Day sale and then the store held it for us. We had been saving for years and it did hurt to spend it but that's what it was for. We get a lot of compliments on it. We plan on being in this house for at least 6+years. I would definitely wait until you're settled, I know it's hard but it will be worth it. On the flip side, we just completely remodeled our basement and we got furniture from my old college apartment and his parents' basement because we didn't think it was necessary to spend a ton more money on new furniture for the basement at this time.

emmaaa · March 2015

I think buying with cash can also help you out when it comes to paying. Furniture stores WANT you to finance through them. If you say, "Well, I have cash to pay for all of this today. What can you do for me?" A lot of the time, they throw in free pillows (which cost like $20 a piece), free delivery, and a 10% payment discount. It can definitely help to pay cash.

buttercup1958 · March 2015

wandajune6 said:

buttercup1958 said:
Yeah I don't think I could buy rooms upon rooms of furniture in a day. Clothes I can definitely handle! I also know tastes can change, right now I love a lot of mid-century modern pieces. Then again I love the look of craftsman, bungalows, and/or mid-century ranches look. So I'm all over the place a little. Which might not be a good look, I'm pretty sure I would send Clinton running for the hills.
I love mid-century modern, as does DH. That's actually made things more affordable for us. We've found beautiful pieces on Craig's List or even at local thrift stores that we can fix up and use. Yes, we have a few expensive pieces but my absolute favorite furniture is a dresser that I bought for $75.

Along those lines, if you take a chance, you can find treasures. Years ago, I bought a pair of chairs at a yard sale that I fell in love with at first sight. I posted on an antique furniture site trying to figure them out. No one could tell me anything about them but everyone wanted them-- I spent $25 on the chairs but ended up selling them for $900.

I didn't know if V would love mid-century modern but he does! So we will definitely try and find great pieces like you guys. We wouldn't be able to build the pieces ourselves without it looking like messes the first couple of times. But we do know how to sand, paint over, ect.

hicoco Yeah we won't be settled for awhile so I'll live through you! We are planning on moving around a lot and that makes me excited. Not really nervous because I'm not huge on the idea staying close to friends and family. Right now I rather travel.

@emmaaa We did buy our bed with cash! I think V would die if I ever suggest financing furniture. We were able to get free delivery and we got a discount on the head board! So we got a queen bed, free delivery, mattress and discounted headboard all for 500! Its all solid wood too so I thought that was a deal.

mrscomposer · March 2015

When I finished training and moved to my posting, I bought a "big girl bed" with an actual headboard/footboard/box spring/mattress... as well as dresser and nightstand. My hand-me-down bed with its foam mattress went into the spare room. We bought another nightstand when J moved in after the wedding.

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