- Jurisdiction
- North Carolina
I purchased ($9800) of home improvements. The contractor salesman verbally offered 12 months same-as-cash through a bank (separate entity) with an additional 3 months if my credit score was over 700 (it is) and a 2.6% interest rate after that. He said to ignore the electronic paperwork if it had different figures initially and that the final paperwork would be correct. The final papers turned out to be 12 months deferred interest at 17.99 %. I've filed a complaint with the state Attorney General. In response the salesman and company have acknowledged that what they told me was incorrect and say in the interest of keeping a good reputation have offered me $750 refund for the extra 3 months of no interest I will not get but, I would still be stuck with a 17.99% deferred rate loan. I could accept the $750 and refinance the balance at the end of the 12 months deferred period with another lender but, I had accepted their financing offer because the 2.6% was very attractive if I couldn't pay off the balance in 15 months.
Is that a fair offer or do I have other rights that may be more advantageous?
Is that a fair offer or do I have other rights that may be more advantageous?