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coeur_de_lion

(3,970 posts)

22. Something similar happened to my Mom

Reply to Yo_Mama_Been_Loggin (Original post)

Sun Jun 9, 2019, 11:39 AM

Jun 2019

But I stopped it before she went through with it. Thankfully she had the sense to ask me if it was a good deal before she signed anything.

She was offered a debt consolidation loan to pay off her credit cards. They said the interest was much lower than she was paying on her cards currently. They said 9%. She probably got a call from some unscrupulous phone salesman.

But when I ran the numbers by the time she finished paying off that loan it would have been more like a 24% interest rate.

And, credit card debt dies when you die -- or at least it did 19 years ago. Not sure what the law is now.

This guy had convinced her that if she didn't take his deal she would be saddling her children with her credit card debt. He was really good. When I spoke to him he was super persuasive. A great salesman.

People like that belong in jail.

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AC company convinced 103-year-old WWII vet to pay $24K, son says [View all] Yo_Mama_Been_Loggin Jun 2019 OP

He paid twice what 2 units installed are worth. rusty quoin Jun 2019 #1

Company settled for half the original price after son got involved. LisaL Jun 2019 #3

I don't believe the contractor took advantage of Fred. democratisphere Jun 2019 #2

At $24,000 the contractor took advantage of Fred ripcord Jun 2019 #4

Some companies make their money off the labor warranties. Kaleva Jun 2019 #5

Not so. A better quality split A/C system sized for the much higher democratisphere Jun 2019 #9

We use lots of heat pumps here in Arizona. AZCat Jun 2019 #18

Too many unknowns to know the equipment capacities and costs for certain. democratisphere Jun 2019 #19

You're welcome. AZCat Jun 2019 #20

This message was self-deleted by its author Mosby Jun 2019 #23

Then I have a bridge I'd like to sell you. bitterross Jun 2019 #10

Neither of US know the exact requirements for the installation democratisphere Jun 2019 #15

I installed central air in my home last year for less then $2k Kaleva Jun 2019 #6

I suspect this company will go downhill mercuryblues Jun 2019 #7

In case you want to leave a review on YELP... jmbar2 Jun 2019 #8

My god! No need to expend energy trashing that company! They have hundreds of bad revues going back ret5hd Jun 2019 #16

Make the minimum payment, then when he dies Fiendish Thingy Jun 2019 #11

Steve Klein's personal feedback on Orangutan's website: VOX Jun 2019 #12

They have a 1.5 stars scoring on Yelp. Adsos Letter Jun 2019 #14

elder financial abuse azureblue Jun 2019 #17

A company named BHDem53 Jun 2019 #13

A twelve year loan for a hundred and three year old.... Volaris Jun 2019 #21

Something similar happened to my Mom coeur_de_lion Jun 2019 #22