What if I buy a TV or stereo on an installment contract and have problems getting it fixed? As a general rule, you still must make your required payments to the lender. Information is power. Share it!FacebookTwitterGoogle+PinterestRelated Topics What is credit? How do I get a credit rating? What is collateral? What if the store does not offer a way to purchase on credit? What if I need to borrow some money? What can happen if I miss payments or don’t meet other obligations of a contract? Can a store automatically take some of my wages if the purchase contract says it can? What can I do if I owe more money than I can pay? What are some of the consequences of bankruptcy? How long does it take to clear up a bad credit report?