Cut my call twice

non-professionals cut my call twice when I was explaining my situation and I always pay on time
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ID
#2036973 Review #2036973 is a subjective opinion of poster.
Location
Euless, Texas

NEVER. EVER. EVER. EVER. TRUST. THIS. COMPANY.

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??
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ID
#1756614 Review #1756614 is a subjective opinion of poster.
Location
Albuquerque, New Mexico
New Reviewer

HORRIBLE

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
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1 comment
#1802279

NEVER use this place. NEVER do.

I'm paying 1300 for a 500 dollar loan. They lied, straight through their teeth. LIED directly to my face, telling me that my 100 a month payment would go toward my balance...it did not. It was NEVER applied to my balance and at the end, when I tried to pay it off, they are now charging me 50 every two weeks with nearly 95 percent interest.

DO. NOT. USE.

THIS. PLACE.

ID
#1657477 Review #1657477 is a subjective opinion of poster.
Service
Preferred Merchant Services Furniture Leasing
Cons
  • Does not send statements or payments
  • Scammers
  • High interest
Reason of review
Pricing issue
Preferred solution
Price reduction
New Reviewer

HORRIBLE CROOKS!!!

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.
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2 comments
#1712184

Is there a way we can contact you about starting a class action against this company? I also was ripped off by this company. Pleas send me contact info

#1721770
@Faraz Gfx

please feel free to contact me as I will be doing one myself. 347438**** my name is john.

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ID
#1516953 Review #1516953 is a subjective opinion of poster.
Location
Orlando, Florida
Reason of review
Mislead with contract
Loss
$777
Preferred solution
Let the company propose a solution
New Reviewer

Rip off!

There's no way to monitor payments, i paid the contract off in 90 days yet they said i missed a payment. Seeing as how they remove payments from my account i can't see how this is possible. This is a horrible service SNAP is definitly the better option. Merchants preferred is looking to hustle you out of your money!
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1 comment
#1719110

I am organizing a class action against them. They are a dishonest company and are committing mail fraud. I am also writing the FBI because they are committing mail fraud.

ID
#1362826 Review #1362826 is a subjective opinion of poster.
Location
Aurora, Colorado
Service
Preferred Merchant Services Customer Care
New Reviewer

Horrible service!!! Bad business

They were always late taking the payment out of my account causing my account to go in the rear. Also their miscellaneous outrageous fees they come up with. Tried calling customer service was on hold for almost 30 mins. They are very rude with customers. They don't do their jobs one person I talked to was suppose to note my account about my payment but didn't so other reps were calling my phone non stop. They will harass you until they get their payment.
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3 comments
#1646301

I am glad I came here and read the reviews of preferred merchant credit. I purchased a couch and recliner from a store call trendy furniture sales.

There in florence ky 41042 I did a contract 90 days same as cash on 1/14/19. Gary the manager of the store. There would be a application fee of 29.00 and could be taken out using my debit card. He was right about that and I seen was taken out.

But I look for the month of February they took 27.82 out from my debit card. I will be calling them and they get me my money back. The reviews I read here I am going to pay them off. And be done with them.

I am going to put on social media. That are ripping people off.

#1596546

do they report to the 3 major credit bureaus?

#1706114
@PissedConsumer1596546

This is what I need to know as well!

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ID
#1224394 Review #1224394 is a subjective opinion of poster.
Location
Atlanta, Georgia
Service
Preferred Merchant Services Customer Care
Reason of review
Problems with payment

RIPPED OFF

I opened my account on the date of 2/17 the total for my contract states 550.00 , which is to be paid bi weekly in the amount of 40.00. When I signed my contract I went over it with the furniture store and I was informed that this payment will come out until the full balance was paid plus interest. I have been paying this amount for approximately 1 year which has totaled 960.00 which is the payment amount plus interest. I was informed that it will take about 1 year to pay this balance in full , I asked all the important questions pertaining this and I was informed that I will receive information from Merchants Preferred Lease to which I have not until today. I was informed that I will have to pay a total of 1500.00 for an item that is 550.00 which is almost 200% interest , which is absolutely ridiculous. I spoke to a rep at there company Althea and she informed me that that is just how the business goes. This is a total rip off and I was misinformed from the furniture company as well as Merchants Preferred Lease.
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2 comments
#1596549

I have already paid over $2,100 for items that totaled $1,300 and I have to continue paying for several more months or do a "payoff" for around $1,000. RIPOFF ARTISTS!!!!

#1457951

BAd service first time and last time doing anything with them

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ID
#1183961 Review #1183961 is a subjective opinion of poster.
Location
Atlanta, Georgia
Service
Preferred Merchant Services Furniture Leasing
Reason of review
Pricing issue
Loss
$500
Preferred solution
I want this account closed I have paid the amount plus interest. I was told I will be paying for 1 year and this month marks that year. You have received a total of 960.00 for a 550.00 dinette set. You are requested me pay for 700.00.

Love it

Bought a 60 inch smart TV wonderful place love it will be more shopping the staff is great
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ID
#1111372 Review #1111372 is a subjective opinion of poster.
Reason of review
Good quality

Not what they advertised!

I financed a sectional through this company and was told if I paid it off in 3 months I would receive no interest payments. I was unable to pay the full $888 within 3 months, which didn't worry me much considering I was planning to pay it 2 week after my 90 days, thinking there would be only small amount of accumulation of interest within 2 weeks. When I tried to pay it off I was told my new balance was over $1300.00. My 90 expired on December 9th and I tried to pay it off December 14th when I became aware of this and I was told there was no type of extension. basically if I were to pay it off now it would be the same as continuing to pay my small payments biweekly. There Is in a jist a penalty for paying your account off early. Manager told the interest in entirety for a full 12 months is put into effect on the 91st day so no matter how soon you pay it, you still pay the full amount plus full interest amount. DO NOT LET THIS COMPANY FINESS YOU AS WELL!!!!!
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6 comments
#1633220

This company is full of *** they don't tell you everything up front. They are beating you out of your hard earned money. We need to get together and file a lawsuit on they crooked ***

#1521904

How can you stop this

#1596553
@PissedConsumer1521904

yes, how can this be stopped? did you ever find an answer? do they report to the 3 major credit bureaus?

#1457954

same thing happened to me.

#1265321

Same thing happened to me...I misunderstood the 90 day payoff date...I was 2 days late. I owed 125.00 (amount left on my 90 days) but ended up paying 1295.00 in interest.

2 days!!! I was told I would receive a letter stating I was PAID IN FULL within 30 days, but I have yet to receive it. I had to call my bank to stop them from taking anymore money out of my account after I received the email stating they were taking ANOTHER regular installment payment!

There is no website to check your balance so you have to rely on the person you speak to when you call to accurately and CLEARLY tel l you what you want to know. I misunderstood the "90 day end date" so in the end, it was my fault...never again

#1338249
@PissedConsumer1265321

Yes I went thru that today myself I paid them in full 2 years ago and I saw they took a payment out and I finish paying them and I ask for my paper work 2 times and never received it at all

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ID
#973174 Review #973174 is a subjective opinion of poster.
Reason of review
Not as described/ advertised
Loss
$840

RIPPED OFF BY TIM LANE

Made promises on a loan that he never delivered on. I'm too furious too type. He works for Preferred Merchant Services who lease there equipment from Northern Leasing Company...RUN FROM TIM LANE-Beware of this ***-man! I can't find any good words to say about this deceptive way Tim came in my business claiming he was referred by a local business who happened to be attorneys so I thought he was a legitimate man but I did research and these attorneys don't even know who Tim Lane is. PLEASE DO NOT SHARE ANY OF YOUR PERSONAL INFORMATION WITH TIM. HE IS A *** MAN
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4 comments
#726955

Hi, Tim did it to me also. Basically started out as about $5000.00 loss due to him, but then it snowballed into a lot more.

Everything you said he did and said to you, he did to me. RAT, RAT, RAT,

#735080
@PissedConsumer726955

hi he did it to me too, but he introduce him self as "john Hurts" now I am in the process of suing him for fraud, me and another client of him my lawyer wants more people also victim of him please if you would like to join us e-mail me at cvprincesa1988@***.com

#726842

PLEASE GET IN CONTACT WITH OTHER PEOPLE WHO ARE COMPLAINING ABOUT THIS ***-MAN.

:(

#712049

And now he is down in Florida doing the same thing.

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ID
#444201 Review #444201 is a subjective opinion of poster.
Location
Waukegan, Illinois
Loss
$4500

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