Help! Sears Is Charging Me Interest On A "0% For 24 Months" Deal And They Won't Stop!

Help! Sears Is Charging Me Interest On A "0% For 24 Months" Deal And They Won't Stop!

Reader Mike asks:

http://consumerist.com/2008/06/25/in-an-effort-to-spur/

In an effort to spur sales, General Motors is offering no-interest, six-year loans on new vehicle purchases through June 30th. Unfortunately, only the slow-selling models (i.e., not very fuel efficient) are included in the sale. Oh, also they’re raising prices on 2009 models. [New York Times]

Hospitals To Patients: "How About You Put That Liposuction On Your Credit Card?"

Hospitals To Patients: "How About You Put That Liposuction On Your Credit Card?"

A Consumer Reports study finds that medical professionals are pushing high-interest lines of credit and financing options on patients. Credit agencies are even partnering with hospitals to offer branded credit cards so patients can finance elective cosmetic surgeries like liposuction and hair removal.

New Car? Put It On The Credit Card

New Car? Put It On The Credit Card

Why should dealers tell you what you can and can’t charge to your credit card? Cars represent a jackpot of credit rewards that every consumer is entitled to collect. There’s nothing stopping from charging your new car straight to your credit card, if you storm the dealership armed with the right tools…

Dell Reduces Instant Discount By $200 Somewhere Between Shopping Cart And Order Confirmation

Dell Reduces Instant Discount By $200 Somewhere Between Shopping Cart And Order Confirmation

Before we get to the typical bad-company shenanigans—in this case, Dell’s $599 discount mysteriously shrank to $400 between when he placed it in his shopping cart and when he reached the confirmation screen—we want to share this bit of ridiculousness. Dell’s CSR Vanessa gives us the scoop on Dell’s sophisticated order fulfillment system:

Another EECB Scores Direct Hit On Best Buy And HSBC, Saves You $180

Another EECB Scores Direct Hit On Best Buy And HSBC, Saves You $180

EECBs are scoring direct hits on HSBC and Best Buy. Reader Chad was having the same problem with his Best Buy credit card that reader Jason wrote in about. After he saw Jason’s successful EECB he launched one of his own. Reade Chad’s letter and Best Buy’s response inside.

Citibank Will Apply Your "No Interest Financing" Payments Anyway It Wants

Citibank Will Apply Your "No Interest Financing" Payments Anyway It Wants

Reader D has a Worst Company In America-themed success story. D writes:

The information on your website helped me get an error corrected with how Sears/Citibank credited my Sears credit card payments. Since you have Sears and Citibank going against each other today in your “worst company” tournament, I thought you might like to hear my story.

Auto Loan Crash? Lots Are Overflowing With Repossessions

Auto Loan Crash? Lots Are Overflowing With Repossessions

So many vehicles are being snatched from owners who stop making payments that some repo operators and auto auctioneers say lots are overflowing.

The Downside To Alternate Payment Systems

The Downside To Alternate Payment Systems

If you use services like Bill Me Later, eBillme, or Pay Payl’s Pay Later—payment options designed to let you pay online without using a credit card—you should be aware of the risks as well as benefits that come with them, writes SmartMoney. The most important thing to consider: as far as FICO is concerned, you’re applying for a line of credit (with the potential for high interest rates) when you pay with one of these systems, and your credit score may drop accordingly.

Will Car Loans Be The Next Credit Meltdown?

Will Car Loans Be The Next Credit Meltdown?

Gone are the days of the three-year car loan. The length of the average automobile loan hit five years, four months in October, up more than six months from 2002, according to the Federal Reserve. And nearly 45% of loans written today are for longer than six years. Even some staid lenders owned by the carmakers, such as Toyota Financial Services and Ford Credit, are offering seven-year financing. And a few credit unions, particularly in the West, are tinkering with the eight-year note.

Avoid In-Store "Finance Traps" When Buying An HDTV

Avoid In-Store "Finance Traps" When Buying An HDTV

Several retailers are offering special deals on expensive HDTVs this season—things like no payments until x date or zero percent financing—but PC World cautions that they’re not always the bargains they appear to be. Their advice: “Cash is always best. If you need a special promotion to buy an HDTV, you can’t afford it.”

Is Wall Street Killing America?

Is Wall Street Killing America?

Wall Street’s relentless drive for short-term profit is ruining corporate America and the consumer experience, according to John Bogle, founder of the Vanguard Group. The overseer of one of the world’s largest mutual funds appeared on Bill Moyers Journal to discuss a New York Times investigation that revealed substandard care at nursing homes owned by investment firms. According to Bogle, the trend is not contained, and has dire long-term consequences:

The financial sector of our economy is the largest profit-making sector in America. Our financial services companies make more money than our energy companies — no mean profitable business in this day and age. Plus, our healthcare companies. They make almost twice as much as our technology companies, twice as much as our manufacturing companies. We’ve become a financial economy which has overwhelmed the productive economy to the detriment of investors and the detriment ultimately of our society.

Countrywide Gets Another $12 Billion In Bailout Money Financing

Reuters is reporting that Countrywide has announced that it has secured an additional $12 billion in financing to help it hang on through the housing slowdown.

Uninsured? New Service Lets You Pay Off Medical Bills Without Interest

Uninsured? New Service Lets You Pay Off Medical Bills Without Interest

A reader pointed us to a recent article in the WSJ abut CarePayment, a new financing option that provides a way for the uninsured to pay off their hospital bills in monthly installments, without incurring interest rate charges or finance fees.

Consumerist's 10 Commandments of Credit

Consumerist's 10 Commandments of Credit

Keeping a balance on a credit card is a sin in the eyes of the Consumerist. If you have a balance, make it your priority to pay it off as quickly as possible.

American Airlines Offers 6 Month No Interest No Payments Financing

American Airlines Offers 6 Month No Interest No Payments Financing

American Airlines is offering no interest no payments for 6 months on airline tickets purchased through an offer on their website. This means that, essentially, one can purchase an airline ticket in the same way that one purchases, say, furniture or a camcorder.

7 Confessions Of A Car Salesman: Kia

7 Confessions Of A Car Salesman: Kia

Carl spent some time selling Kias at a dealership in Colorado, and has written in with a few insights about Kia, selling cars, and some buying strategies for you. Some highlights:

UPDATE: Consumer Takes Sleazy Prius Salesman To Court

Angela Weigold writes in what’s new with her case against a dirtbag Prius salesman, James Gentile. This was a guy who, after the deal went raw, left multiple harassing phone messages daily, called Angela a “whore” and put her phone number on online escort websites.