In the last-minute rush to put holiday gifts under your tree, you might be enticed by deferred interest store-branded credit card offers. The deals extend “no interest” for a promotional period ranging anywhere from 6 to 36 months, but they can often create more problems than they solve.
Remember Efren Bojorquez? All he wanted to do was take his dad to Super Bowl XLIX. You’ll recall that despite his best efforts to purchase tickets through a secondary market options scheme ticket prices skyrocketed, and brokers selling the options could no longer procure tickets, even if they wanted to. Ticket brokers canceled their agreements with participants, keeping loads of cash, and leaving would-be game attendees empty-handed.