Me and my ex-husband purchased the Rainsoft Water Softner in December. The saleman was very demanding in trying to sell this product, So we purchased the system. We asked him this Question, We have excellent credit what would our APR be? He said it should be around 5 to 6%.
Well guess what when we received the 1st Bill the APR was 17.99%. We flipped out and called the Company and she said they couldn't do anything about the APR Because we have already purchased the system. Full of BS. So I went to the bank and got a $10,000 LOAN. The lady I knew was surprised that a Company could charge a high interest rate with someone who has excellent credit.
Called Rainsoft to pay our bill in full, Just because we were 1 day late they charged an additional $89.00. So overall the system cost us about $8500.00. Just image the consumers who purchase this product and don't pay attention to there APR. It could take them forever to pay there water softner OFF!!! Our belive our bill was $160.00 a month and $140.00 went to the APR and Guess what Only $20.00 went to the product.
The Company for Rainsoft is a Fruad and a Ripoff. When you invest in something so high in cost there shouldn't be a 3day period to see if you like it or not. What makes me angry we signed the contract. (Not Thinking). So I hope we all learned a lesson. Run there Reputation to the Ground!!!
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