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Report: #1271762

Complaint Review: Direct Energy/Snap Financial - Nationwide

  • Submitted:
  • Updated:
  • Reported By: Terry — Scarborough Ontario Canada
  • Author Not Confirmed What's this?
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  • Direct Energy/Snap Financial Nationwide USA

Direct Energy/Snap Financial Greg Munshaw Scam Snap Financial Direct energy low monthly payments Toronto Ontario

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 I moved into my home 6 years ago. It was the first time I owned a home and my insurance company said that I would need a new furnace. I just spent all the money I had on buying the house and needed to get some financing for the furnace. I called direct energy as they had some deals for high efficency furnaces and financing available.

I had them come in and take a look. The sales guy came in and said it wouldn't be a problem. He did a contract and I signed it as the furnace seemed like a good deal and of course added value to the house.

I never got any paper work except the contract. No ammortorization schedule  saying that you aren't even paying the interest.

I sold my house recently and the realtor told me to pay off the furnace before closing as a owned furnace will be better than a financed one.

I called snap Financial today and found out that I owe more now than I paid for the furnace in the first place. The cost of the Furnace was 5900$ roughly installed. I called 6.5 years later to pay it off and I still owe 4457. In those 6 years I have paid a total of $5200.

I knew in the end I would be paying for the furnace plus a big finance charge. But this seems a little ridiculous.

I am basically here to tell anyone that needs a new furnace don't get suckered buy these guys.

I am not even sure how much I would have had to pay to Snap Financial if I didn't do a buyout. 

Don't finance a furnace afrom Snap Financial and Direct energy. They will sell you on small monthly payments for the rest of your life.

Hope this helps others.  

This report was posted on Ripoff Report on 12/03/2015 08:33 AM and is a permanent record located here: https://www.ripoffreport.com/reports/direct-energysnap-financial/nationwide/direct-energysnap-financial-greg-munshaw-scam-snap-financial-direct-energy-low-monthly-p-1271762. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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