Property News · February 26, 2016

High cost of 'buy now, pay later': how catalogue debt adds up


Interest rates can be three times those of major credit cards once 0% period endsConsumers have been warned of the high cost of using “buy now, pay later” deals offered by catalogues and online retailers, some of which charge almost three times as much interest as major credit cards.Debt charity StepChange said that a third of the clients it helped in 2015 had catalogue debts, and that they owed an average of just under £2,000. Continue reading…

Source : theguardian.com
Read more…High cost of ‘buy now, pay later’: how catalogue debt adds up

You may also like...