8/15/2023 0 Comments Acceptance now pay off![]() Depending on where you live, you might need extra insurance, like flood coverage. In most cases, buyers are expected to pay for homeowners insurance upfront, before closing. Keep the paperwork for the transaction to show your lender you liquidated funds to get your down payment. If you need to pull money from an investment account, do it right away. Make sure the funds you need for closing and in reserves are readily accessible. If the inspector finds problems, you may be able to get the seller to pay for necessary repairs or lower the price to adjust for the cost. Additionally, you may also want to get your home checked for radon and pests, which are additional costs. Go over the inspection report in detail with the inspector to make sure you’re familiar with any problems, their severity, and the estimated cost to fix them. Inspections aren’t always required, but you should absolutely get one even if you’re not getting a loan. ![]() A lender won’t give you a loan for more than the appraised value.Ī home inspection tells you if the home has any issues. If the home’s appraised value is less than the purchase price, you will need to either make a greater down payment or negotiate with the seller to lower the price. The appraisal gives you a detailed report on the value of the home. Your lender will require your house be appraised by a professional, who is usually provided by the lender. Search, sort and filter through 300,000+ deals, everyday just for being an Insider.Ĭlick here to try us out for FREE for a month.The next step is getting your home appraised and inspected. You can save an average of $275.00* on local dining, travel and attractions with WCPO Insider Rewards. Sign up for John's free Newsletter delivered weekly to your inboxĬlick here for more DWYM reports and to contact John So they will refund any overpayment he made, and make sure he is not reported as delinquent.īut this is a good lesson to anyone who takes out "same as cash" financing: make sure you understand exactly what you have to do, or you could be hit with extensive penalties and fees.Īnd if you close out, make sure your account is fully closed: get a receipt.ĭon't Waste Your Money is a registered trademark of the EW Scripps Co. In the end, he worries that his attempt to build up his credit this way may end up hurting it.Īfter we called, a spokeswoman for Rent a Center and Acceptance tells us a their internal investigation discovered that a computer glitch failed to register Gregg's final payment. "What I must have missed," Gregg said, is that "you have to contact us, you have to call us, after you make your last payment." However, it still receives a " good" B Plus rating from the BBB, because most complaints concerned customers simply not understanding their contract, which allows for high interest rates for just one late payment, or missing one of their rules. There's a caution here for anyone buying furniture with a 90 days same as cash or a lease to own option: You really need to look at that contract very carefully.Īcceptance Now is an arm of Rent-a-Center in Plano, Texas which has several hundred Better Business Bureau complaints. "It turns out I have actually paid it in full, but I did not close out my account," he said." He says after negotiating with the man on the phone, they agreed to lower his penalty to $50, which Gregg reluctantly paid He says he got slammed with a high APR rate, and almost $300 in back interest fees, because his account was still open and now delinquent. "They said did you get your certificate of ownership? I said no, I need a certificate of ownership?" "I get a call, and it was in February, from Acceptance Now, and they are saying I am late on my payment," he said. But that was just the start of the problems for the Cincinnati man. Just before 90 days were up, he says, he paid the bed off in full. Gregg bought a new bed last year for $571, agreeing to pay $77 a month through a finance company called "Acceptance Now," which has desks in furniture stores across the country. No problem: Many stores will let you spread out your payments, with a 90 day or one year "same as cash" program, where you get months to pay with no interest. Can't afford that new refrigerator, or bedroom or living room set?
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