- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
when I bought a Tempurpedic bed from Mattress Firm. They offered no-interest financing through Wells Fargo with no interest for three years.
It wasn't long into the deal that MF dropped Wells as their bank, or Wells dropped them. My account (Mattress Firm MasterCard) was closed. However, payment terms remained the same and there was no problem for me. I paid off early and that was that.
What I think might be happening with your situation is the store and bank might have parted ways and your account fell through the cracks. Maybe the transaction was being processed around the time of the split. Maybe a new bank picked up the store's business and your account was supposed to be migrated to them but wasn't.
I would call the store and demand they tell you what's going on. If the bank says you don't owe, you don't owe. But you're obviously smart enough to know something's waiting around the corner to bite you.
I hope you have the cash on hand to pay off the balance. In these no-interest deals (in case you didn't know), if you don't pay off by specified date they typically charge interest retroactively back to transaction date for the entire unpaid amount. Be ready to fight that if you have to.
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