Comment Re: "Buy now, pay later" (Score 1) 63
then as long as you don't spend the cash in your account and keep it there for an emergency then the only way you can default on it is if you had an emergency that you had to spend the money.
Or you get hospitalized, or just really busy and forget, or you leave payoff to the last minute and the 'net is down, or whatever. This will happen to a percentage of people, so they will make a percentage on top of fees. It might not happen to you, but it definitely happens to people.