More Americans are expected to 'buy now, pay later' for the holidays. Analysts see a growing risk
flatpandisk @ flatpandisk @lemm.ee Posts 0Comments 73Joined 2 yr. ago
flatpandisk @ flatpandisk @lemm.ee
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I have seen this before. What happens is they offer a grace period like 6mo or 1yr. If you don’t pay off by then you get charged the entire grace period of interest added to the balance.
So in the end your pay for the interest.