Dell is being sued for supposedly financing people at a low interest rate, then switching them to a higher interest rate plan later on.
“The Round Rock, Texas-based computer company’s financial services division and CIT Bank Inc. were named in the lawsuit filed in U.S. District Court in New York by law firm Seeger Weiss LLP, according to the report. The complaint seeks national class action status and accuses Dell of violating New York false advertising and deceptive acts and practices status, the law firm was quoted as saying.
The complaint reportedly alleges that “Dell lures consumers into financing their purchases with (Dell Financial Services) by leading them to believe that they are approved for low rates of zero percent or other favorable promotional terms and then switches consumers to significantly less favorable financing.”"
Read more at EETimes
Source: Associated Press
