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25% interest?????

June 7th, 2012 at 09:55 pm

Last month we bought all the appliances for our spec house. Sears was having a big sale, so we bought them there.
I got the bill this afternoon. If we do not pay the bill in full, the interest rate is 25!!!
Who in the world pays 25% interest on anything? I am amazed! I didn't even know anyone could charge that much!

Posted in Uncategorized | 5 Comments »

5 Responses to “25% interest?????”

  1. crazyliblady Says:
    June 8th, 2012 at 01:48 am 1339120097
    1339120097

    Store credit cards, including Sears and JCPenney, are notorious for high interest rates. They lure you in with discounts and preferred customer coupons. All that is great if you pay your bill in full, but it is very deceptive to the unwary.

  2. Shiela Says:
    June 8th, 2012 at 01:58 am 1339120695
    1339120695

    25% is just crazy!

  3. Monkey Mama Says:
    June 8th, 2012 at 02:44 am 1339123443
    1339123443

    Ouch!!

  4. baselle Says:
    June 8th, 2012 at 03:20 am 1339125634
    1339125634

    Ouch indeed. But a payday lender charges far, far more in interest than 25%. You have to be rich to be poor these days.

  5. ceejay74 Says:
    June 8th, 2012 at 04:30 am 1339129842
    1339129842

    Indeed, baselle. Have you seen ads for this company? http://oklahomacity.bbb.org/post/western-sky-financial-yes-its-expensive-13280

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