I purchased a furniture set for $1,495.00 from Aladdin's Furniture Store in Marble Falls, Texas, but when I could not make the 90 same as day purchase I continued making monthly payments for close to a year assuming my payments were going towards the original purchase price. When I called to get my balance about 10 months later I was told that I was locked into a "Lease Agreement" for $4,908.71 tax included.
This was never explained to me at the time of purchase and I never received a copy of the contract or lease agreement until I asked for it only recently. I complained and they agreed on a large pay-off amount of close to $1,000.00 over what I had already paid over that year. They are also charging me tax on each months balance which does not seem fair.
I refused to pay the large payoff amount and I am currently speaking with my lawyer about what options I have. My advise is to never do business with Aladdin's Furniture Store or acceptance now.
Product or Service Mentioned: Acceptance Now Furniture Leasing.
Reason of review: Unreasonable Lease Fees.
Monetary Loss: $4200.
Preferred solution: Let the company propose a solution.
Acceptance Now Cons: I dont care attitude, Priceing method, High interest rates.
Location: Elgin, Texas