Purchased furniture (room collection) 4 years back after I was straight-out of university. Did not have sufficient cash to purchase straight-out therefore elected to-go the layaway path. I labored int he Schnectady, NY area subsequently and occurred to enter the Raymour and Flanigan shop simply to take a look at layaway programs. I'd not purpose of really buying the furniture immediately. The saleman who welcomed me was enjoyable but having a shady type of look that used to donot spend much focus on at that time... in hindsight I ought to have! Upon asking, he advised me they did not have any layaway options but he might assist me get shop funding. I decided-BIG MISTAKE!!! I acquired accepted to get a $3000 credit point, and you will just imagine my joy! After travelling the shop, I eventually selected the bed room collection that I needed as well as in my naivity, believed that I really could return possibly the following dayapproximately to complete the purchase. And so I questioned exactly what the rate of interest was and he responded "2%" quickly while keeping eye-contact (did not actually bat an eyelid) I had been thrilled to express minimal, since I mentally determined that my funds could be extremely inexpensive. Fast-forward to 45 days later...
Imagine my surprise once the 1st bill mentioned an RATE of 24%!!! It is 2% okay, but 2% monthly!!! I instantly named the store challenging to talk to the salesman but was informed he no further worked within the shop. I told them what had happened however they stated that since I have had authorized the contract, I had been bound because of it. I had been fuming and my protests, obviously, went unheard.
Therefore 4 years and $94.00 monthly funds later, I've ultimately reduced the furniture but have SWORN NEVER to go to this questionable organization again.
Our family and friends have now been informed and appreciate God they've listened. Watch out for these welcoming advertisements on television about no-interest for suchandsuch a period of time... Total lies.!!
Training learned. Take a heavy breathing and browse the fine-print
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