Did you know that gadgets and technology like TV’s need to be insured? That is why Apple Inc. offers Apple Care and countless other companies, such as Hewlett-Packard, Dell, and Samsung offer insurance policies for their electronics.
But why do I need a credit report? And what else should I do when I buy a gadget?
Credit report: Monthly payments
Credit reports show your credit score, something that you usually use to buy houses, cars, get credit cards, and sometimes appliances. However, some large electronics might be paid for with a monthly payment plan, such as a large big screen HD television. But why would I need a credit report for a TV purchase, even if I have financing that I am paying back
Pretend for a second that there is a plague of mutant rabies that turns people into flesh-eating monsters, and each time someone is bitten they die and come back to life as one of these monsters. Now let’s say that a zombie breaks into your house. You bludgeon him with a cricket bat and he crashes into your TV, smashing it to pieces…
…Okay, hopefully there won’t be a zombie apocalypse, but what if your living room floods and your TV gets ruined? Or what if you drop your iPad? If it is an expensive gadget with financing you will need a credit report to get the financing, and then you will need insurance to insure your gadget.
This is a guest post by Murray Newlands, the CEO and Founder of Influence People. Murray and his company do blog outreach for a variety of clients.