Reported 1 day ago
With retailers increasingly offering zero-interest financing options, many consumers are tempted to take the plunge. Adrian, looking to buy $10,000 worth of camera equipment, faces the choice of using his savings or opting for a 12-month, 0% interest plan. While such financing can be beneficial if payments are made on time, missed payments could lead to steep retroactive interest, and consumers might end up spending more than intended. It's essential to consider factors like payment discipline and reading the fine print before making a decision.
Source: YAHOO