Home Appliances: Your Refrigerator Can Provide Cold Hard Lessons in Personal Credit [Infographic]

February 24 | Posted by editor | Mountain Money Saver, News

CreditDonkey.com educational infographic illustrates key concepts related to shopping for big-ticket home appliances and using credit for large purchases.

Los Angeles, CA – CreditDonkey, a credit card comparison Web site that aims to help consumers shop for credit, uses the ordinary refrigerator and other common household appliances for its latest personal finance infographic, which depicts key concepts related to shopping for big-ticket items and using credit for large purchases.

Infographic: http://www.creditdonkey.com/appliances.html

Buying a refrigerator is likely the only big-ticket consumer shopping experience all Americans universally will share at some point in their adult lives, based on government data showing that this commonplace appliance is used by 99.8 percent of the households in the United States.

Although it may seem simple at first, purchasing a refrigerator requires careful consideration of not only its features but how you are going to finance the purchase.

“Painting a picture of all the financial considerations involved in buying home appliances, which last a long time but require consumers to consider ongoing operating expenditures as well as repair costs, is a good foundation to help consumers examine the benefits and features of various credit or financing options in the context of a purchase they are likely to make at some time in their lives,” said Charles Tran, founder of CreditDonkey.

Visit CreditDonkey to view the full infographic on Buying, Repairing, Operating and Financing Home Appliances. The infographic shows consumers:

  • Data about the types and features of appliances in American homes
  • A range of prices for the most common appliances
  • Expected years of useful life
  • Reliability data
  • Annual energy usage
  • A three-year amortization schedule

CreditDonkey.com publishes credit card reviews, deals and tips to help Americans make informed credit decisions. They can search, compare and apply online, finding the best credit cards for their individual needs.

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