Review and analysis of over 10 Installment Loan complaints against Preferred Credit, Inc.
Preferred Credit, Inc. consumers have reported over 10 official complaints related to Installment loan. Out of the 10 consumer complaints against Preferred Credit, Inc., 0% were disputed by the consumer (i.e. the consumer was not happy with how Preferred Credit, Inc. responded to their complaint) and 100% were processed in a timely manner. 0% of consumer complaints against Preferred Credit, Inc. resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.
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Preferred Credit, Inc. Consumer Loan managing the loan or lease March 17, 2016 - I purchased a set of Saladmaster cookware and used Preferred Credit, Inc. ( PCI ) for the financing. The promotional financing was 12 months same-as-cash. The contract says that I will not be charged interest on the balance until the 12 month period expires and the interest will only be applied to the unpaid balance. I received - statements, - in - and - in -. My - statements shows an interest charge of $55.00, which increased my overall balance. I contacted PCI and spoke to a supervisor named -. I explained that I was not supposed to be charged interest and that I wan... |
Preferred Credit, Inc. Consumer Loan managing the loan or lease February 2, 2016 - Back in - -, - I got approved for a loan from Preferred Credit , Inc., for $3000.00. After - phone calls from them during the last 6 weeks, to verify my address again, to make sure I am me, finally I have received in the mail the first statement, today, - -, -. To my astonishment I was already charged with $43.00 interest. I called the loan company, and was told that the interest starts accruing from the day I signed the contract. To my question of why they dragged their feet and took their time to issue this first statement so late ( again, 6 weeks later ), they had n... |