Best Buy’s “0% interest” Financing

In February 2018, a class-action lawsuit was filed against Best Buy for allegedly deceptively promoting “0% interest” or “no interest” financing. Specifically, plaintiffs claim that the store misleadingly promises consumers that they will not have to pay interest for a specific period of time when, according to the complaint, buyers who do not pay off the entire balance of the purchase before the end of the promotional period are required to pay interest retroactively back to the date of the purchase. (Stinson et al v. Best Buy Co., Inc., Case No. 18-cv-295, D. MN.)

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