I bought a living room set after a divorce because of my financial situation. Wish I never did!! I was told when I bought it I could pay extra every month to get it paid off sooner, it was a lie!!
I knew I would pay a higher interest rate but this should be ILLEGAL!!!
I have been paying almost $160 a month for almost 2 years now and still owe almost what the original price was. I tried to pay extra to try and get it paid off, was told you can only pay a full month payment nothing less. Of course this is not what I was told when I bought it.
It makes so sense, whether I pay it monthly or 2 months at a time I still pay the same amount so why pay it off sooner?!? It is not fair and am really thinking of calling an attorney because if it is not it should be illegal to end up charging someone 3-4 times more than it's worth in interest and to make it so you basically pay the same amount whether you pay it one month at a time or 2 or 3 months at a time is ludicrous!!!
They take advantage of those with less than stellar credit and it's wrong!!!
Shame on them!! AND they say they report it to the chit bureaus so it helps your credit, well I checked my credit report and I saw NOTHING regarding Acceptance One and I've been paying on it 20 months and I was late ONCE and it was only a week late!!
Will never ever, ever use this company again! I'd rather sleep or sit on cardboard than pay these OUTRAGEOUS fees and be lied to about being able to pay it off early to save money was not just a lie to me it was calculated and cunning!! SHAME ON THEM!!!
Product or Service Mentioned: Acceptance Now Furniture Leasing.
Reason of review: Problems with payment.
Monetary Loss: $2000.
Preferred solution: Let the company propose a solution.
Acceptance Now Cons: Lies told to me, Priceing method, Being lied to to entice me to make a purchase, Pissed off lied to false information, Being lied to and ridiculous interest, Not being able to pay off early to avoid paying original amount.
Location: Louisville, Kentucky