- Report: #1014321
Complaint Review: Value City Furniture - Northlake Illinois
Reported By:
maxnath -
Elmwood Park, Illinois, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Value City Furniture
49 W North Ave Northlake, Illinois, United States of America
Phone:
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Value City Furniture charged me extra $645 Northlake, Illinois
I bought some furniture at VCF store in January 2012 and got a credit with no interest for the 1st year. But on my last statement I saw a "finance charge" at the amount of $645! First I though that it was some kind of mistake, so I called the Comenity bank. The customer representative explained me that I got the interest for the whole previous year because the credit was not payed in full till January 2013.
It was terrible!. The saleman in the store was supposed to explain me it and he didn't. He just said that I would not get any interest charges during the 1st year. It is fraud!
I am not a banker so I do know all their tricks. I think they just fool people around! My advise is watch what you sign, because, by some reason, VCF people will not tell you truth.
It was terrible!. The saleman in the store was supposed to explain me it and he didn't. He just said that I would not get any interest charges during the 1st year. It is fraud!
I am not a banker so I do know all their tricks. I think they just fool people around! My advise is watch what you sign, because, by some reason, VCF people will not tell you truth.
2 Updates & Rebuttals
Ramjet
Somewhere,Michigan,
U.S.A.
Can be a good deal
#2Consumer Comment
Fri, February 15, 2013
We have used these kind of deals in he past. If you pay the entire bill by a certain date, you will not have to pay interest.
The key is that you have to read the contract very carefully so you know EXACTLY when the due date is. Then you need to actually pay it off a month or two in advance in case something gets delayed.
They can be a good deal but you have to pay close attention to the exact terms. They are relying on many people not paying attention and thus ending up owing the interest in a lump sum.
coast
USAdeferred interest
#3Consumer Comment
Thu, February 14, 2013
That isn't fraud because apparently you agreed to a deferred interest payment plan.
