Preferred Merchant Services

I bought a bed. $499 loan. They told me my $50 every two weeks would apply toward my balance. I paid $400 by December. I went to check my payoff and I still owe $678?!? HOW??

Paying almost 3 grand for a 1200 purchase is beyond insane. I paid 1290 out , and they’re still saying I owe 878? No statements from you guys explaining where my money is going! I want my account closed! I am closing my bank account. Report to my credit I will dispute it. I have my bank statements showing I paid the amount I owe. No contract was ever made to me. I was only given the receipt from the furniture store. RIP OFFS

This company is Horrible! I can’t believe they are able to get away with how they are running their business. The cash price for the washer I purchased was $532.48. I allowed them to take $97.00 monthly payments out of my account for four months. Two months before my last payment; I was told since I did not renew their agreement I have to pay an additional $777.00 to them. I was highly upset and wanted some answers. I asked to speak with a Supervisor or Manager and was told that ‘Sarah’ was not available; I have yet to hear from a Supervisor, Manager, or ‘Sarah’. When I spoke to a Representative before taking out this loan I was not aware of a renewal, their ‘so called’ policy. If you are thinking about going with this company ‘DON’T!’ I can’t wait until this company gets a class action lawsuit.