Also, I found that they put the total amount on a revolving account. This is now in dispute - I contacted BBB and the Attorney General of TX. At one point I thought we might have an agreement with the BBB over it, but now the credit card company (GE Care Credit) is pursuing me for payments over the phone. I am not having the procedures done, and am contemplating not paying the credit company . What could happen if I do not pay them? They are not performing the procedures, and the account was opened up with out me being aware of this financing (contract had small lettering disclosing this).
2007-01-03 07:50:41 · 4 answers · asked by ronla 1 in Business & Finance ➔ Credit
Signing a contract you did not read or understand is probably the dumbest thing you can do.
Some contracts have a paragraph regarding refunds before a service is rendered, and the refund is limited, but its better than nothing. Review all the contracts. Find what they say regarding how much is due before services are performed. You will be liable for that amount.
As to the time frame in which you backed out, every state has different laws. You will need to check your states "recision law" to understand your rights.
If you dont pay, it will screw up your credit, could go to collections, and the company you owe can sue you. If you dont pay after a judge says you have to, the company can take your possessions or garnish your wages.
2007-01-03 08:22:36 · answer #1 · answered by Together 4 · 0⤊ 0⤋
The size of the lettering of the contract does not matter. Legally, if you signed a contract, you are liable. If there is no clause stating that the contract may be cancelled within the first 48 hours, you are liable. Not all services/purchases qualify for this feature.
Reissue a chargeback with the credit card company.
Do not just ignore the payments due; this will negatively affect your credit rating. By the way the BBB has nothing to do with your owing the company you contracted with.
2007-01-03 08:01:19 · answer #2 · answered by Enchanted 7 · 0⤊ 0⤋
The old saying "Buyer beware" comes into play here. Bottom line, you signed the contract. Small lettering or not. It was your responsiblity to read all of the fine print before signing the contract.
You may let the credit company know that you did not have the procedures done and they should go after the laser hair removal business for their money. However, GE Care Credit can report you to the three credit bureaus for non payment and hurt your credit score. Check the laws in your state, usually you have 72 hours to back out of a contract.
2007-01-03 07:58:58 · answer #3 · answered by Spirish_1 5 · 1⤊ 0⤋
Sounds like you didn't read the fine print. That's why they make it small, they'll hope you don't read it. You didn't, now you owe the money.
If you don't pay the finance company they will hound you (possibly sue you) until you do. Also, they will report on your credit that you did not pay.
No one else will be comfortable lending you money because you may tell them you didn't read the fine print and you don't want to pay.
BTW: 44 hours, 44 minutes, or 44 seconds. It doesn't matter. Once you sign the paperwork, it's on you.
2007-01-03 08:00:41 · answer #4 · answered by trigam41 4 · 0⤊ 0⤋