Personal Finance

December 13, 2013 9:50 AM

Be careful with zero percent interest plans

Deferred interest plans can save you a lot of money as long as you pay off your balance in the allotted time and don’t make any late payments. But if you’re a few days late or fail to pay off the balance in full by the end of the deferred interest period, well, it’s as if the zero percent terms never were offered.

Related content