Ontario woman who bought $700 computer still paying it off seven years later
CTV
An Ontario woman who bought a $700 computer in 2014 is still chipping away at her now $2,400 debt seven years later.
Offers to "buy now and pay later" sound like a great idea and often allow you to enjoy something right away before you have to pay for it.
You can often delay payments for one to two years and financing options come in the form of a promotional offer, interest rate deferral or a revolving credit plan.
But they also come with a lot of fine print and if you miss the promotional period deadline to pay back a loan, even by a day, you could have to pay mountains of interest.
"I needed a computer for school and I didn't have the money to buy one," said Allison of Brampton, who asked us not to use her full name.
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