Households owe a record $18.2 trillion in various forms of debt. Many are trying to cut back while leaning on installment loans for basics.
  • Hobo@lemmy.world
    3·
    2 months ago

    I’ve never used one of these services. Are they like a credit card in that they have interest/fees only if you don’t pay off your balance? Or are there upfront fees to using the service?

    • Cethin@lemmy.zipEnglish
      2·
      2 months ago

      I haven’t used one either, but I’d be surprised if there weren’t usage charges, or something similar.