Credit card debt is the amount you owe on your credit card and can include an accumulation of unpaid interest and fees.
Some stores offer in-store finance solutions which allow you take home an expensive item before you've paid for it in full. These solutions can be a way for you to purchase something you need now, like a fridge or couch, and pay it back later.
In-store finance often involves special introductory deals such as no repayments in the first 3 months or 0% interest. However, you may find that when the special deal ends, that you get charged higher interest or late repayment fees if you haven’t paid the money back in time. There may even be fees to pay out the facility early.
Remember, in-store finance may seem like an easy option but it's important to understand the deal. If you don't, you could end up in a situation we're you're unable to meet your repayments, which will negatively impact your credit report.
Buy now pay later
Interest free days