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What are the downsides of zero percent financing?
What are the downsides of zero percent financing? More and more these days I get offered buy-now-pay-later at zero percent financing (e.g. buy a $50 item for four monthly payments of $12.50). I usually avoid these because I think they encourage overconsumption and living beyond my means, I don’t like debt even if it’s zero percent, I assume there’s some gotcha, etc. If I can’t pay upfront, I ju...
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