People are forking out money for account set up fees, transaction fees, processing fees and can end up paying as much as 29 percent interest on their purchases if they miss a payment or don’t pay off the whole amount by a set time frame.

David Wareing, Co-Founder of GetReminded said buy now pay later deals are one of the biggest reminders set up in GetReminded – a free app that reminds you when household contracts are due to expire.

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