My wife and I had gotten a Sears card to help reestablish credit. We ran up $2800.
making 18 payments of $100 we got a bill for interest $667. THAT IS 37% INTEREST!!!!! After a lot of BS on the phone we got the interest charge droped to 18% but we had to pay off the account.This is not how you treat a loyal customer who made monthly on time payments over and above the minimum! This is the worst company I have ever had to deal with!
I belive they are trying to collect as much money as they can before they go out of busness. See ya later Sears and thanks for the hasel I did not have enough trouble in my life befor this hassel but now I am complete, Completley done with your credit card!
Product or Service Mentioned: Sears Credit Card.