My husband went into the local HH Gregg in Greenville SC and purchased a package deal of kitchen appliances and paid for 2 of them on a credit card we had and then financed the other 2 with Acceptance now. The total was $2482.40 and we made 6 payments totaling $1786.62 and on the 98th day of the loan i called in to pay it off and was told we owed $1775.24.
The interest rate was 55% according to Jamie. I almost fell out of my chair on this. When i had called in and made the payment before this the lady that took the payment in store stated that i would be fine to pay it off in December but this was not the case. When i tried to disagree with them Jamie stated that is the way it is.
I cannot believe that this is all legal on a 98 day loan.
Jamie stated this was a 90 day same as cash but when i went online to make payments it would not allow anything over $185.71 so i would have to call into the store to finish the amounts that i wanted to pay and then they charged me a fee to make it in the store. I will never ever do business with them or HH Gregg again.
Product or Service Mentioned: Acceptance Now Appliance Leasing.
Reason of review: Problems with payment.
Monetary Loss: $3600.
Preferred solution: refund all or part of the interest.