Holiday Shoppers Vulnerable to Zero Interest Offers
By Peter Malof
Texas News Service
AUSTIN, Texas – ‘Tis the season for splurging. And why not, when stores make it so easy – even if you’re short on cash. Half of the nation’s major retailers offer so-called “zero-interest” financing plans. But consumer advocates are offering their own holiday message: read the fine print. Deferred-interest deals, they say, can wind up increasing total financing costs by more than 27 times.