I recently purchased furniture which was financed by Crest Financial. The 90 day payoff was attractive, as we had just moved into a new home and were spending so much money on getting settled.
I was told there would be a bi-weekly payment of $167.10, which I figured would be paid after in about six months. I could live with that, although I was planning on paying it off in 90 days. I was never told that, if I missed the 90 day payoff, I would be liable for paying pretty much double the 90 day payoff amount. This is discovered from reading the contract.
I don't blame Crest Financial for this, but blame the merchant I purchased the furniture from. Needless to say, this has heightened my resolve to pay the furniture off in 90 days.