1. United States
2. Texas
3. Letter

Please on behalf of everyone impacted by predatory lending. 0% financing deals should be just that, 0%. Synchrony bank and many others charge the entire loan of interest in one go if you don't finish the loan in the time limit and refuse to help customers in any way. I was one payment away from completi ng a loan on my couch and got hit with $2200 in interest, that is half the cost of the entire couch. It is more than fair to charge interest on the remai ning balance but completely unreasonable to charge 2 years worth of interest all at once time. Bring the hammer down on these banks.