The Home Depot Does Not Honor Warrantys. High Interest Rate. No Interest Fees is Defered interest fees. Orange Connecticut
After Home Depot refused to honor the promised warranty on my flooring, I contacted the Dept of Consumer Protection. Home Depot still did nothing to correct the problem. After alot of research, I found that those 2 year no interest promotions they do, is paid for by consumers who can't pay off their loan in 2 years. They charge the maximum amount of interest on your loan in order to recoupe the so called no interest. They work through Citi Corp, and when I called Citi Corp to tell them what happened, Citi Corp pretty much said too bad, that is our agreement with Home Depot. When I told Citi corp that I had another credit card with citi corp at13% interest, they told me the reason for the high interest rate at Home Depot is so they can off ther the 0% promotions. When someone pays their account within the 2 years and pays no interest, that interest is collected through high interest rates, on peoples accounts who did not pay off within the 2 year period. Just so you know Home Depot interest rate is 25.99% No negotiations.