nkyguy1988 t1_iudqjke wrote on October 30, 2022 at 3:41 PM

It's not their job to list every single detail and fine print option. That's on you to read and fully understand before you sign. Go get your docs out and actually read them this time. I bet it worked exactly like it said it would.

RevolutionaryLion384 OP t1_iudrqq5 wrote on October 30, 2022 at 3:49 PM

They should at least mention and make sure the client is aware of such an important detail though. Especially when I had her reiterate that there was no interest on a couple of occasions because it already sounded like a too good to be true kind of thing

nkyguy1988 t1_iuds5n1 wrote on October 30, 2022 at 3:52 PM

Well, if it sounds too good to be true.....it most likely is.

Again, it's not on them to spell out every single bullet point. You signed it. You agreed to it. Period. There was no intererest. There was no interest provided you paid by a certain date. They didn't lie. You didn't understand the difference. Again, that's ultimately on you, not them.

RevolutionaryLion384 OP t1_iudw89w wrote on October 30, 2022 at 4:20 PM

I'm not saying they need to spell out every single bullet point, but to intentionally hide something that is an obvious negative like this is always shady in my opinion. They were more than happy to mention into detail all of the positive aspects but not the the negative even when I was asking questions and being somewhat skeptical during the meeting. I simply was not educated and lacked the experience in this specific situation to ask the right question and now I have to pay for it which in my opinion may not be illegal or anything, but it is fucked up

blackjackmark t1_iueh5b3 wrote on October 30, 2022 at 6:39 PM

I understand and agree that it would have been nice of them to mention this when you signed up, but are you saying your monthly statement hasn’t mentioned this for the past 6/12/24 months (or however long the interest free period was for)?

RevolutionaryLion384 OP t1_iufzs4q wrote on October 31, 2022 at 1:02 AM

My statements were online and to be honest I tend to forget things once they are handled or dealt with in a certain way. It actually dawned on me at some point where I asked myself why I was even still making payments, because it should have been paid off and that's when I looked at my account and began to figure out what was going on

blackjackmark t1_iug297z wrote on October 31, 2022 at 1:21 AM

I totally get that as I tend to do similarly…but it’s certainly a “lesson learned” to be sure to check your statements at least occasionally! Depending on how long ago the grace period ended (and you have the funds), it might be worth a shot to call and ask them that if you paid it off in full immediately would they waive the accrued interest. No harm if they say no.

RevolutionaryLion384 OP t1_iuggefc wrote on October 31, 2022 at 3:14 AM

And lessons are important, I don't mind that, but I'd prefer not to have to learn $2000 lessons of which a billion dollar company gets to profit on within a trillion dollar industry. Something about that just doesn't sit right with me and I know I'm not the only that this has happened too.

Trick-Read-3982 t1_iugtmh8 wrote on October 31, 2022 at 5:40 AM

Hard, expensive lesson but ALWAYs review your statement and paperwork that you sign. Sorry you had to learn this way.