18 months ago my wife and I purchased a bedroom set for our home. When we signed up, we were offered the 18 months no-interest financing. We paid off our bedroom suit several days before the end of our no-interest grace period. However, the following month we received our statement in the mail and found that we had been charged 99% of the interest anyway because I had NOT LOST MY JOB! Apparently, when we signed the agreement to finance the furniture, we had been mislead into believing that if we pay off the balance in time, we would not have to pay any interest. Turns out, in our case, it didn't matter if we paid it off in time. Due to the fact that we still had our jobs when the balance was due, what Rooms 2 Go calls, ""debt shield"", kicked in and charged us 99% of the interest that had accrued over the 18 month period. Do not buy into their big, ""no-interest"", marketing scheme. If you do, make sure the salesperson explains every single detail of the contract and lets you know of any additional circumstances where you may be required to pay the full interest....or at least 99% like we do! Don't let these companies take advantage of you. What happened to ethical business practices?
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