— admin @ 3:17 am — 
January 3, 2010On the surface those “no interest until XX date” payment plans seem like good deals. And they can be, for people who pay off the entire balance before interest kicks in.
Unfortunately, many people buy the merchandise and then forget about making payments. Then, WHAM!, they get hit with a lot of interest that has been accruing over time. With that deferred interest factored in, the true cost of the item you purchased balloons to something you never would have paid had that inflated price been stated on the price tag.
Welcome to the deferred interest trap — artfully and comically depicted in an episode of ABC’s “The Middle” sitcom that aired Dec. 30,