Dell finance problem?

Question

I bought a computer and had 0% for a year. I owe less then $300. Last month the interest ended and now they are charging me over $400 in interest. I knew there was going to be interest but when I first bought it they told there would only be interest for the remaining balance not the total purchase. I already talked to Dell and they just apolgized for the misunderstanding and said they could only waive $50. But is there anything else I can do? What would you do? Should I just pay it or should I just get bad credit and not pay?

Answer 1

Why cut your nose off to spite your face? Had you paid the entire balance before the year was up, you would have no interest. Dell charges almost 30% interest. It's highway robbery. You lose in this case. Pay the bill and keep your credit right. Credit is the most important thing in the long run.

Answer 2

You should have had some document on the terms of the loan, or some witness of what was said to you. If you cannot prove you are right, the company is right and for your own good, should pay.

Usually these interest-free periods have a big sting in the end. I think they are rather unethical, but nevertheless legal. There is an old Greek
saying "I blind you and sell to you, you look well and buy"

Answer 3

Interest free for the first year, this also means that if paid off, if not the interest is accumulated from the beginning until the present. Read the contract it is in there. Have seen it before, in fact it is in all the no interest for a year contracts. It is dependent upon you paying it off in a year.

Answer 4

Pay it. You decided not to pay up before the year was up and now owe interest. Lesson learned. Teaser rates are for those who want something now and then forget to pay in full by the end. That's the way the companies make their money.

Answer 5

Go back and read your purchase contract carefully. Its what it says that counts, not what you thought it says.