I purchased from COWBOY MALONEY in VICKSBURG, MS. I will be returning my merchandise this week!
I've been paying 175.00 a month for a television for I believe almost 2 years. I sat down today and realized just how much I'd paid; so I sent my husband to pay it off. They told him the balance is 3,000.00! We have never missed a payment...ever.
The kicker is that this exact television costs about 900.00 in most stores today. We could have paid for the television cash; but the sales rep claimed it would "build our credit score" if we financed the thing. I ADVISE ALL POTENTIAL CUSTOMERS TO RUN THE OTHER WAY FAST!!
ADDITIONALLY, PLEASE DO NOT THINK THIS WILL "BUILD YOUR CREDIT" Now: It DOES show up on your credit report as a positive account; however it shows up as a RENTAL AGREEMENT or a RENT-TO-OWN purchase.
There have been several reports of collection activity and negative credit reporting when consumers attempt to return the merchandise. BEWARE!!!
Product or Service Mentioned: Acceptance Now Account.
Monetary Loss: $2500.
Store Location: Nashville, Tennessee