CNN CNN Newsroom With Fredricka Whitfield June 4, 2024 17:50:00
So who are stretched financially and are taking out these loans to try to spread out their purchases. >> so does that mean that there are interest rates that go with this? youre using the word loan like bigger than, say, your credit card interest rates. >> yeah. so youre taking out a loan. folks are concerned because its going to encourage overspending among customers who then cant pay back the loans and are hit with late fees. so in 2021, 10.5% of customers were hit with a late fee for a buy no...
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