Deferred-Interest Financing

Pay no interest, at least for a while!

Advantage

Deferred-interest financing allows you to pay no interest on a purchase you made for a limited time. You just have to make monthly payments within that time in order to help pay off your purchase completely.

Disadvantage

Though paying no-interest sounds great, you have to make your monthly payments on time. If you're late, even by a day, your interest rates can skyrocket.
Big image