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Consumer debt

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Consumer debt

Why We Buy-Now-Pay-Later

When a designer at a fashion magazine saw a pricy snakeskin purse, she assumed she could not afford it. Then though her eye caught a small note on the checkout page. She could pay in 4 interest-free installments. So, she got her purse. Meanwhile, the lender, receiving as much as 9% from the retailer, came out ahead and the seller got an extra purchase. Everyone is happy. Yes? Not necessarily ….[READ]

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