My mother bought a refrigerator [View all]

[keithbvadu2]

My mother bought a refrigerator from some appliance store in the nearby big city. After 2 or 3 payments, she noticed that she owed more than the original balance. The payments were set up to be slightly less than the interest accrued. It was designed to be an everlasting loan where you paid interest only but not quite enough. She was in her 70s, maybe 60s. She got rightfully p_ssed off and paid the whole thing off. The refrigerator itself was fine but the finance plan was sleazy.