Folks, if you are taking advantage of some company's offer to buy big ticket items under so called "deferred interest", hard to understand this phrase just like "CDS" for most folks, isn't it? Be careful!!! Especially Thomasvill/GE money
You buy furniture from thomasville, you was told you have no payments no interest for 1 year, but if you don't read the fine print later on sent out by GE money, the promotion actually is "deferred interest", Now I knew what the "deferred interest" mean, it means if you don't pay it off in full by your promotional due date, you have to pay all of the interest you have incurred for an entire year! Right now the standard rate is 21.98%- by the way they send you a bill after your due date has passed. How do they do this? They put the promotional due date at the middle of two billing cycles. So in previous monthly statement the "minimum due" box is still zero and your balance is still the same, (feel safe, yeh?) but when you open the new one, you will be surprised, the interest was added on because you missed the due date (: (:
This is how they make money
Please don't buy anything using GE money - it's your money
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