Flynrider
Phoenix,#2Consumer Comment
Tue, January 15, 2013
Anytime you're offered interest free financing, you have to know exactly what the terms are. These programs (not just from this lender) are designed to catch folks who do not pay attention to the details. You didn't really think a lender would just offer free money with no strings, did you?
" They told me that it started on the day I signed my contract not when I actually started making my payments. "
That's the key. You signed a contract. What does it say about when the clock started on your 12 months? That's really the only thing that matters in this case.
" And they are just telling me this NOW! "
Of course. If they told you earlier, you might have escaped paying interest.