I have been paying on a dell computer for 3 years and i'm nowhere near through paying for it.The initial price was $1500,but now the balance has skyrocketed to $1879.And i made my payments on time every month which was $45.Tell me am i getting screwed? What would u do? I'm open to any suggestions.
2006-10-04 04:02:18 · 7 answers · asked by Anonymous in Computers & Internet ➔ Other - Computers
Oh yeah you are definitely getting screwed because that $1500 computer is probably worth like $400 now. That is rough. I don't know what you mean by go back, but they won't let you return it I guarantee that. I would, if you have a different computer that is usable sell the parts for money or find someone who would buy it off of you for a decent price.
2006-10-04 04:07:05 · answer #1 · answered by mojo2093@sbcglobal.net 5 · 0⤊ 1⤋
Dell will not take your 3yr old computer back.
Yes, you are obligated to the terms set forth by them, when they offered and you agreed to credit in the first place. You are not getting screwed, per se...everything was set in the "rate, fees, and other cost informations" and "terms & conditions" of their finance program. You agreed to pay a certain percent of APR for them financing $1500. Now, you are paying $45 each month. Are you paying only your minimum balance? Are you over your limit of credit? Are you paying fees for something? Have any of your payments been late? You have got to call them up and get a current and complete copy of their "rate, fees, and other cost information." and "terms & conditions." You have got to understand what kind of an interest rate you are currently being held to. If you have been on time--and have made no late payments...have good credit standing, I would recommend that you either increase your payments as much as you are able to and pay it off---or you could look to obtain another loan at a lower interest rate (make sure you scrutinize all of their fine print) or take out a low interest bank loan...effectively the same thing.
Is 1879 what you currently owe, or what your total obligation is??
Hope it works out.
2006-10-04 04:21:12 · answer #2 · answered by What, what, what?? 6 · 0⤊ 0⤋
"Financing interest" is what you are paying to Borrow the $money$. $45 times 3 years = $1620 dollars minus the balance of $1879 = $259 dollars to go > or 5 more payments to go.
2006-10-04 04:10:30 · answer #3 · answered by bereftcat 4 · 1⤊ 0⤋
apparently you must have been late with some payments, then they charge a late fee, the balance cannot continue to go up, unless payments are missed, or late. If you let it go back consider this, the equipment is already 3 years OLD, old is the key word, who will want it? So you send it back, but then they will make you continue to pay, because now it is used and old. I dont think they will allow you to send it back, you might be stuck with it and the payments.
2006-10-04 04:07:15 · answer #4 · answered by helper 6 · 0⤊ 1⤋
in case you pays $30/month in direction of a working laptop or pc, initiate now. you may open a financial employer account, or have your mum and dad shop it for you. This does quite a few issues: First, it saves up funds for the pc. 2d, it exhibits your mum and dad how accountable you're. third, with the aid of the time you have $752, that $752 will purchase extra pc than it does now. have confidence me, that's extra useful to pay funds and not bypass into debt.
2016-12-08 08:16:50 · answer #5 · answered by ? 4 · 0⤊ 0⤋
wow, i bought a Dell with my mom's credit card. She is paying for it monthly but i am not sure if they put that much interest into it. I will ask her about this one.
good luck, i think you and i are on the same boat:)
2006-10-04 04:05:44 · answer #6 · answered by Anonymous · 0⤊ 1⤋
you are getting screwed.
would've been better off buying from an indepentant computer shop. you pay it all in one go, it's usually cheaper, and you know where to find them when you've got a problem.
2006-10-04 04:05:20 · answer #7 · answered by Anonymous · 0⤊ 1⤋