Progressive Leasing - Extremely high interest rate.. exorbitant
I bought a TV and was told that I could pay it off within 90 days at the purchase price.Progressive has been deducting $35 from my checking on a weekly basis since then.
This is the part where the buyer has to be very careful: the 90 day expiration date. My TV cost $840 with tax. Progressive has been withdrawing $35/week for 10 weeks now, for a total of $350, leaving a payoff balance of $490.
However, if I don't pay the remaining balance by the 90 day expiration, my remaining balance will turn into $1750.Those are Mafia interest rates, and should be illegal, but somehow they get away with them.
Review about: Progressive Leasing Electronics Leasing.
Reason of review: Not as described.