GE Capital Retail Consumer Loan Complaint

GE Capital Retail Consumer loan department,

Installment loan Managing the loan or lease New York

Nothing specifically happened to me as I have a good grasp on financial information, however, I found the statement I received to be extremely misleading - especially for those who are not well versed in loans/interest etc. The plan I am on is a 0 % interest plan for 12 months, with no monthly payments required. - the statement I received, they provide - different payment '' plan options, - of which go beyond the 1 year and accrue a huge amount of interest. I think the statement would be much more clear if it specifically stated that as long as the balance was paid off within 12 months, not interest would be assessed. However, if you choose to pay month, please pay - in order to avoid an interest. I do n't think it should be left up to the borrow to decide how much they should pay in each month.