• Report: #217260

Complaint Review: HH Gregg

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  • Submitted: Mon, October 23, 2006
  • Updated: Mon, October 23, 2006

  • Reported By:anderson Indiana
HH Gregg
4151 E 96th Street Indianapolis, Indiana U.S.A.

HH Gregg ripoff The Big Ripoff Anderson Indiana

*Consumer Suggestion: Did you pay off the amount before 18 months?

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I purchested a 63" Toshiba tv on 4/9/05 I had a 18 month agrement for payoff without finice charges. So I receved a statement today for $783.46 extra finace charges. What can I do about this big ripoff?

William
anderson, Indiana
U.S.A.

This report was posted on Ripoff Report on 10/23/2006 03:34 PM and is a permanent record located here: http://www.ripoffreport.com/r/HH-Gregg/Indianapolis-Indiana-46204/HH-Gregg-ripoff-The-Big-Ripoff-Anderson-Indiana-217260. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Suggestion

Did you pay off the amount before 18 months?

AUTHOR: Dave - (Canada)

Almost all of the "no payment, no interest until ..." promotions charge interest from the day you walk out of the door.
They don't collect the interest only if the loan is entirely paid off before the end of the promotion period.

So "No payment, no interest until ..." is actually false. It's either no payment OR no interest.

I'd like to see a law which changes the wording of those promotions. At the very least, it should have been disclosed on your monthly statements. When I've bought during these promos from Future Shop / Best Buy the monthly statement has shown me the promotion date as well as the interest they were going to charge me if I didn't cough up the entire amount.
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