With deferred interest offers, interest begins accruing immediately from the original purchase date, and if the balance is not paid in full by the end of the promotion period, the consumer is ...

In this episode of PennyWise, host John Kiernan and guest Adam McCann discuss the dangers of so-called “deferred interest” and how to avoid becoming a victim this holiday shopping season and beyond.

With the holiday season upon us, one personal finance site is sounding the alarm on a ubiquitous retail payment plan that many Americans say should be outlawed. It’s called “deferred interest." In a ...