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When my plumbing line needed to be replaced I got stuck with a 12k loan with Synchrony. I was told we would get 18 months without interest.

in my distress and without other options I signed the papers. Well they hit me with almost 5k worth of interest and brought the account back up to damn near the same price as before, 11k. Additionally, the interest amount is basically the same as my payment amount.

These company is praying on the vulnerable. Please stay away from them if possible.

Location: San Diego, California

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GrouchyCuscus184

Sorry this is long but it's a massive problem for the Peter's of consumerism! Hope you have a happier 2019 although I must defer to this catchy statement " interest"~ingly Synchrony doubts you will..

sorry.. Now for the rest of the story; #1 FILE A COMPLAINT @***.gov also phone & write a letter to your congressman about the HORROR of how the "Devil Himself" IS a "deferred-interest promotion" 0% ADVERTISING SIGN.. (((or advertising "promotional financing available" blah blah blah! whatever!!!!

))) Their constantly changing the name like payday loan industry changed to Title loan or blah blah bla to avoid regulation by a dictionary restricted Regulatory Authority) Unfortunately America has GIANT suckers or lollipops sitting in Congress that only the Retail Merchants Association in this case is allowed to lick.. CONSUMER BEWARE YOUR JUST A LITTLE OL LONELY RAT.. YES in this case 0% is THE DEVILS FINANCIAL LOOPHOLE, Lot's of consumers just don't see the Rope until it's too late.. & in other cases ignorance is bliss because it's other people getting hurt & that's a big hahaha in America..

NOTE: there are some conventional 0% alternatives that do not place a sleeping noose around your wallet YuP Shady legal teams paid by shady "Banking" Institutions like Synchrony QUICKLY BAND WAGON ANSWER that a consumer should have read & understood the finance co's many contract pages of tiny tiny small print. That same, always used, DISTRACTION answer luring Society away from the REAL problem!!!! EDUCATION & INTERACTIVE CONTRACT TESTING!!! Like put a consumer's hand on the table, hit it with a hammer & ask if it hurts before they sign!

YES Synchrony's REAL intent IS for their ADVERTISING DEPT to hold your future earning ability over the glowing hot eye of a stove they BAITED you into financing at @ A real 30 to 37% interest for the next 10 year's. (because they compound interest daily in the background) NOTE: Their advertising is designed to lull consummers to sleep like a snake charmer does to a Cobra but it's an America focused magic trick because their interest rate coupled to a retroactive clause (or claws) is their monster Cobra hiding in your closet) .. a big FYI Synchrony's prize call center is in India "SNAP" where more deaths occur by Cobra than any other more poisonous snakes on the planet. But the deferred-interest snake is quietly taking over the #1 position..

This is NOT a pleasent lesson to be found out while being tortured by their teeny tiny small print.. So .. SUPER SUPER Unfortunately there's a lack of National Education on the HORRORS of ""deferred interest promotions"" It's actually Financial Evil "supposedly" to help consumers, but ranks right beside payday & Title loan co's charging 500% interest. Yes the contract holds the ability to financially beat the heck out of uneducated & educated consumers..

Go back to 2010, the retail Merchants Association lobbied Congress to reverse a BAN that was on these type credit card purchases that SNAP a rat trap shut on consumers. Consumers are considered a little rat with with a ferocious ability to earn money for Synchrony etc CORPORATE policy.. The back room policy is to squeeze the money out of you, the consumer rat, & THEY don't care if YOU, the rat, dies because they can NOW extract it from your estate because of binding mandatory arbitration clauses ALSO in the small print, again something few consumers know enough about in time to eternally fear that clause or CLAWS . (words have two meanings) Yes this type of Lending was outlawed previous to 2010 but an article referred to below Titled # NRF Asks Congress to Overturn Ban on "Same-As-Cash" Finance Offers, Says Consumers Need Interest-Free Loans" # Note: Some Banks & merchants want DUMBO the Elephant type borrowers..

Remember how they laughed @Dumbo? You can read between the lines how the Peters of consumerism are expected to carry the majority of burden for the Paul's.. Yes biblical rules applied to Modern Lending with a Twist of calculus banking thrown in if you can REALLY read between the lines.. The Article tells how the BIG BOSS of the retail Merchants Association lobbied Congress to allow the finance banks MONSTER back into town...

The Monster's been easily & viciously preying on consumers for the last 8 years now, because it's not a traditional credit card consumers were used to using & hides behind mouth-watering promotional offer's BOLDLY advertising THE GOOD LIFE ""RIGHT NOW"" while their monster fluffs it's 0% nest in your closet. YES Originally supergiant 0% ads appeared, now they've dum-dum'd down the advertising wording to "promotional offers available". WELL Regardless of the name change, it's the same ol same ol nasty nasty monster that was hiding in your closet when you were a child. It's now come out to feast on YOUR ability to earn a living for it's "monetarily intravenous drip bag"..

Like Halloween trick or treat? Well Mr & Miss Dumbo CONSUMER You've been tricked!!!!! Since you're being told in the article there's a Time / Dollar cost to money, how come all those homeless that have nothing but time, have no money?????? BOTTOM LINE, Synchrony & others using deferred-interest strategy are a massive out-of-control Financial pickpocket problem inside the walls of the United States while the government distract's your attention with fear that illegal immigrants are going to take you over on foot while the government is secretly flying drones carrying life extinguishing laser's over the Caravans heads & laughing about promoting Border wall propaganda Etc.

Lordy consumers.. wtf you don't know while technologies lol @ you.. You are now a 35% debt slave to Synchrony Bank & their legal team. You should have never used "that" company to begin with.

BUTT A problem with New relationships is you don't know you've invited the devil to dinner until it's time for dessert, THEN you FIND your on the menus for that financial head hunter institutions desert ie "IT"s" intention was feeding on your ability to produce income for ""it"" Modern Mafia style because that's what Modern Mafia's eats for dessert.. "DIGITAL CASH FLOW" Synchrony has a bottomless appetite.. GOOD LUCK AVOIDING THEIR STRAW you SOON to be poor little consumer's . Yup u been SUCKER'Ed!...

your education is now your bank account's getting SLURPED up by them @ a rate north of 30 to 35% per day..

while they on the flip side of the Market aggressively advertise mouth watering 1.5% to 3% return money market investment opportunities to the little rat investment suckers.. Here's your free cereal box badge American consumer,,,, #BAAHAHA#

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