Paying in separate payments?
When something says X payments of $X, like on TV, how does that work; ie wen do they charge for each payment? Do I as the customer decide, or is it predetermined. Also, will they charge any interest on top of that price? Thanks.
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The installments are either billed to you or you can propably sign up to have them automatically deducted from your account - a bad idea.
As to when, you can probably negotiate that at the outset. Something like I want the X payments to be taken out on the first of every month. That shouldn't be a problem.
There is interest but, it's already added to the installment amount, nothing more should be added. If the installment is $5 for five months, you'll pay $25 for something that probably would have cost you $20 without the installment plan.
You are usually billed monthly and in most cases, interest is charged monthly on the current outstanding balance.
There may be "Interest free" or "0% finance" promotions, but you need to check the terms of the promotion carefully