Deferred Interest Financing Retroactively Applies Full Accrued Interest Without Clear Disclosure
CareCredit consumers enrolled in promotional no-interest financing are surprised when hundreds or thousands of dollars in retroactively accrued interest are charged if the balance is not fully paid by the deadline. The deferred interest structure is not clearly distinguished from standard 0% APR offers. Individual complaint highlighting systemic consumer finance disclosure issue.
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Similar Problems
surfaced semantically[SYNCHRONY FINANCIAL] Advertising and marketing, including promotional offers -
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