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These types of loans are very common. They are actually TRAPS for unwary consumers that do not read the FINE PRINT! That being in most cases; here's the product/money ...no interest ...no payments due ...ENJOY. (In fact we hope you forget all about owing us.)
The fine print however states that should you somehow (ahem) forget to pay off said loan by the due date...SURPRISE!! Interest COMPOUNDED for ALL the
proceeding months is now due!
Be careful out there.
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Don't fear the reaper.
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