CheapAir.com lets you fly now, pay later

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CALABASAS, Calif. —  Wanna take a vacation but can`t because you don't have a credit card?  Have we got a deal for you!

The online travel agency CheapAir.com has introduced the revolutionary idea of monthly payments. Well, "revolutionary" might be a bit much, but if you don't have any plastic to your name, it may be the answer to your dream vacation.

Here's how it works- pick your flights, then pick a three, six or twelve month payment plan.

"It gives an opportunity for people who want to be able to vacation, who may not always have an opportunity to do so" says Felicia Hawkins.

Think of it as a payday loan for traveling. The interest rate will be anywhere from 10 percent to 30 percent, depending on your credit score. Fly too much and you could end up deep in debt.

"Then at that point I may not use it, because it sounds like you're taking advantage of people in their situation" says Hawkins. "I don't want the debt hanging over my head, so I would go ahead- I would rather purchase it and pay it immediately, but I can see if you didn't have the funds, maybe that would work" explains Jamie Hall.

Tamara Hamilton says no way!

"Interest rates, well nobody wants to pay interest rates. Thirty percent is high and not everyone has good credit these days," Hamilton said.

Depending on your situation, this might be the break you need to take a break or just enough to break the bank.