I bought a chair for $790 + $54 tax = $844. I will end up paying $1400 with "fees" of $566, an APR of 67%.
The contract is so confusing an accountant would have trouble understanding it. Colfax Furniture has been in business for 60 years and I would not think they were a scam artist. I guess I was wrong. I wanted to pay it off in 90 days (same as cash) but they wanted extra $$ to do that which I couldn't afford so today I made a 4th payment of $177 and I still owe $600.
I have contacted the NC attorney general's office, Consumer Protection Division and have filed a complaint.
They have a number of other similar complaints. Unless you can pay cash on the spot, this place is a rip off.
Reason of review: Pricing issue.
Preferred solution: Price reduction.
Location: 1302 Bridford Pkwy, Greensboro, NC 27407, USA