Results: The Interest "Merry-Go-Round" Game
Published on 03/06/2016
QUESTIONS
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Comments
1.
1.
My brother has back problems and needed a new bed set. He couldn't wait, so he bought it on credit from Leon's (Canada). Have you ever bought on credit from a furniture or appliance store? Yes
35%
581 votes
No
51%
845 votes
Undecided
4%
63 votes
Not Applicable
10%
165 votes
2.
2.
Knowing that Leon's "do not pay for 12 months" means a horrible amount of interest is accruing, he made several larger payments to pay it off faster. Have you done this before? Yes
30%
500 votes
No
36%
602 votes
Undecided
4%
73 votes
Not Applicable
29%
479 votes
3.
3.
Long story short, he had to call Leon's and demand they stop adding more interest after he had paid the amount in full. They complied, but only after he threatened legal action. Have you been in this situation before? Yes
6%
104 votes
No
65%
1074 votes
Undecided
5%
79 votes
Not Applicable
24%
397 votes
4.
4.
I have watched investigative reports about the awful business practices of "buy now, pay later" companies. Have you read/watched them too? Yes
24%
393 votes
No
52%
866 votes
Undecided
6%
102 votes
Not Applicable
18%
293 votes
COMMENTS