Buy now, pay for Loans for concert entries

Many Americans get used to breaking large purchases Buy Now, Pay After Loans – including tickets Concerts and other live events.

Going to a live concert is not cheap: Visits of renowned artists Taylor Swift, Beyoncé and Coldplay has increased ticket prices for live events in recent years, call economist call “funflatze. “

Introduction rates Films, theaters and concerts rose by 3.9% to 12 June, according to the latest office of work statistics image. And while the Federal commission commission changed a rule in May Ticket prices They are more transparent, experts say that the movement does not lower costs.

More from personal finance:
Senate presents the invoice for improvement rates for checks
Fed has stable interest rates: What does your money mean
Trump’s Tariff would soon be brought to higher food prices, they find analysis

Nearly quarter of respondents, 23%, a A new survey made by Tender I said they had bought it now, pay for loans later for concert or festival costs.

Rates are increasing among younger generations, 37% of the generation Z and 35% of the millenniums have used loans for these consequences. The site defined Gen Z as adults between 18 and 28, and millennials are between 29 and 44 years old.

Sites, 19% of Gen Xers defines between 45 and 60 years. He said that they buy that they bought it, later paying loans for concerts, and then babies Boomers, aged 61 to 79.

Mailvelre said he investigated US 2,050 adults in mid-June. Of these, 1,047 said they plan to attend a concert or festival in the summer or fall.

It is not uncommon to see the genuine and millenniums that cause the purchase, later paying for loans, said Matt Schulz, in MailVeltree.

Young Americans are well known with Payment modeand their use Concerts and festivals He talks about “during the time of life,” he said.

“Because I was going to be a part of the credit card debt in my 20s, because I would go to the concerts and see my favorite bands,” Schulz said.

If concerts and other live events are relevant, he said spending into your budget and create the savings essence specifically in mind.

“Make money out in your budget”Beyoncé Fund‘or your’Taylor Swift Fund“Schulz said.

If you need to extend the cost to go to a concert, here are what you know, then pay for late loans credit cards.

Loans became known opportunities Consumers allow you to expand the cost of expanding costs for a short time, often without interest, Greg McBride said, the main financial analysts of the main bank analysts.

However, the payment method has been evolved to the point where they do not buy now, they later paid the plans that they are “cutting” from the same mold. “

Most plans are made up of four fee payments, but others have longer amortization conditions. These can charge a percentage rate of the year, or interest, up to 36%, back to nerdwallet.

Some plans also charge late or re-organized fees, which can cost 25% of $ 15 or purchase value, according to Nerdwallet.

It may be a higher price than buying credit cards, paying later, experts say, but they have other advantages.

As some buy, plans later pay credit cards Load late fees and interest in unpaid balances. While some cards offer new cardholders, they offer short-interest bids for purchases, the average interest rate of credit cards More than 20%according to the bank.

But most of the cards usually offer shopping protections from a purchase, paying later, said McBride.

“Paying with a credit card can easier to return your money if the concert canceled,” he said.

Some card prizes offer such money to return, points or miles in shopping. 65% of those who plan to attend this year’s concert or festivals, which will use credit card prizes to help pay their costs, according to the Mendientree report.