Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans

Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans

The New York Times - Business:

Financial regulators and consumer advocates frown upon using credit cards to pay off installment loans because of the risk that consumers will dig themselves further into debt.

Ann Carrns
Author: Ann Carrns

This post first appeared in The New York Times - Business. Read the original article.