I purchased a Rainsoft system in 2006 - despite never being late on a single payment and even paying ahead my interest rates were increased by AMERICAN FINCO to 21%. When I was sold the water system the Rainsoft dealer told me that my interest rates would never increase past the 11.99% APR we agreed to. (THIS WAS ALSO TOO High but the slaesman came in and scared us into buying a system.) Anyway I started seeing the increases in the rates and called AMERICAN FINCO to dispute - I was told that AMERICAN FINCO had made a business decision to increase everyones rates despite their credit scores and payment history. I was now locked into a 21% APR for the next 4 years of payments and could not do anything about it. I contacted RAINSOFT and they told em they had no idea why AMERICAN FINCO would do this. They told me they would find me a new finance company. They sent me to Fifth Third BANk - I filled out all the information only to get a credit card in the mail with a $500 limit - which I never asked for then 53rd charged me a $29 initiation fee and when I didnt pay it - they charged me late fees. I finally got them to remove the late fees & initation fees for a card I NEVER REQUESTED!!!

HOW CAN THIS HAPPEN & WHERE IS MY BAILOUT!!! AMERICAN FINCO GET A BAILOUT & then gets to raise my rates - I AM A paying customer who has never been late on a payment & I get screwed - I would NEVER recommend RAINSOFT or AMERICAN FINCO to anyone!!!