I bought a recliner at Ashley furniture in Lufkin, TX and received "financing" through Acceptance Now in September 2015. I bought this with the intention of paying off the $674 within 90 days.
I made my first payment on the due date of October 1. Last night I get an "increased credit" alert from Experian and found out that Acceptance Now has made an entry on my credit report reflecting a balance of $2274 on this account. I guess that they are anticipating me paying out this the full term.
What if I pay off the balance of the $676 by December 2015 which is the final payment due date within the 90 days? I believe this company has deceptive practices.
Reason of review: Problems with payment.