Reported 2 days ago
Deferred interest offers allow consumers to make large purchases without immediate interest charges, but interest begins accruing from the purchase date. If the balance is not paid off before the promotional period ends, the consumer may incur substantial retroactive interest charges. While these offers can be advantageous if paid off in time, they also carry significant risks, including high interest rates and potential financial pitfalls for missed payments. It's crucial to fully understand the terms and ensure repayment can be managed effectively to avoid unexpected costs.
Source: YAHOO