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[–] 14 points 6 months ago (1 child)

If you miss a payment then there's heavy penalty fees and interest

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  • [–] 6 points 6 months ago

    Yup, it's very expensive to be poor.

    I've almost finished paying off a mattress I got two years ago and since it'll be paid within the required timeframe, I won't have paid anything extra vs buying it outright. If something happened though and I couldn't pay it quick enough, suddenly the total owing starts growing faster than the monthly payments. You could end up in a situation where you're paying more on interest than the original cost of the thing.

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