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Thomasville / Ge Money / scam on deferred interest charge

1 NJ, United States Review updated:

I bought furniture from Thomasville in Feb, 2008 and have no payments no interest for 1 year, but if you don't read the fine print and don't pay it off in full by your promotional due date - by the way they send you a bill after your due date has passed, you have to pay all of the interest you have incurred for an entire year! In my case, I received a monthly statement with "total minimum payment" $0.00 due on Feb 12, 2009, so I didn't pay extra attention to this statement, and so I was not aware of a note " you have a promotional purchase expiring, see below for details" GE Money put into this statement which I believe 99% people will not notice it, so on Feb 16, just 4 days later, your "no pay deferred interest" which is 21.98% will add on the top of you balance and will appeared on April statement, now when you plan to pay your balance in April, it's too late

this is how they make money - A different Kind of Madoff's Ponzi scheme,
Please don't buy from Thomasville & GE money - they will steal your money.

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  • Ch
      6th of Apr, 2009
    0 Votes

    Steal your money? Remember the adage "If it sounds too good to be true, it is." You got burned because of your own wishful thinking. You took out a loan; it you didn't bother to look at the terms, that's your own fault. I'd like to be more sympathetic but I've been on both sides of the finance business and this is a standard marketing technique.

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