Does purchasing things on credit impact your credit score?

A question about : Does purchasing things on credit impact your credit score?

Let's say I bought some furniture from one of those vendors where they allow 3-years' monthly payments, interest free. Does that impact my credit score in a negative way (for buying things on credit)?

Thanks.

Best answers:

• It impacts on how lenders would view you. Whether positive or negative depends on many other factors.
• Thanks. That's the catch 22 isn't it, that how your actions are perceived by lenders can always change, lender-to-lender. What "other factors" would decide if it is positive or negative impact? I know the answer is likely to be vague but in general, is buying on credit something one should avoid (even if it is 0% interest)?
• Buying on credit, in itself, isn't bad. It demonstrates (if used correctly) that you can handle credit and don't default.
  But an over reliance on it - too much available credit, revolving card balances, PDLs, would lead to lenders not wanting to give you any more.
  And all of the above plays into you income as well. A Ј2k sofa on a 40k salary isn't a big deal. But on a 8k income, it looks more onerous.
  The best rule to aply is common sense. Look at your finances and ask yourself, would any of this worry a future lender?
• Have you read this yet?
  https://www.moneysavingexpert.com/loa...g-credit-score
• Also, remember the point of having a good credit rating is so you can get credit when you want it.
  If you're avoiding things like 0% interest credit to preserve your credit rating, there's no point in having one anyway!