Unclaimed
Preferred Merchant Services Reviews
6.6K
CLAIMED LOSSES
10
TOTAL REVIEWS
3.3K
PAGE VIEWS
Unemployment Expert Tips
Experts Tips on Unemployment and Cyber Security
Feb 3, 2020
Can’t verify your identity via ID.me? Andrew Stettner, an unemployment expert, comments on how the ID.me verification process works and the privacy risks involved. Learn how one consumer resolved his issue.
Andrew Stettner
Andrew Stettner is a senior fellow at TheCenturyFoundation and a non-profit leader who shares expert opinion on unemployment benefits and insurance reform.
Preferred Merchant Services Reviews
Cut my call twice
non-professionals cut my call twice when I was explaining my situation and I always pay on time
ID
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??
ID
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
1 comment
ID
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.
2 comments
ID
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!
1 comment
ID
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.
3 comments
ID
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.
2 comments
ID
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
ID
Reason of review
Good quality
Companies Similar to Preferred Merchant Services
IDme
4201 Reviews
“Chat started on 25 Oct 2021, 03:22 PM (GMT+0) (03:22:22)*** Regina Elizabeth Canovai joined the chat ***...“
Dun And Bradstreet
99 Reviews
“Its hard to get contact with customer service and takes them awhile to fix your account but overall they...“
EssayPro
31 Reviews
“hi my card was charged twice for the same paper and i would like to be rembruist and the number of...“
Docusign
28 Reviews
“Not being able to send contracts because it says I dont have any packets available and I do! You talked...“
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!!!!!
6 comments
ID
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
4 comments
ID
Location
Waukegan, Illinois
Loss
$4500
Thank You for Your Reply!
Thank You for Your Reply! We are processing your message.
11Thank You for Your Submission
Your comment is successfully posted.
Select Reason
Select Reason
Preferred Merchant Services
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.