@carnage4life I have seen many of your toots around #Tech #Layoffs, #ZIP and #AI. Have you seen coverage of the delayed implementation of #IRS #Sec174 #R&D #Amortization change to the 2017 #TCJA? That seems easily an as big or bigger factor in the issue.
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An #Ottawa couple is sharing their #BuyerBeware story & importance of reading the fine print in contracts, following a shocking #PriceHike & #InterestRate adjustment for their home furnace financing.
In 2018, Sonya Rawlings and her husband, James, replaced their furnace, hot water tank & air conditioner, spending $17,000, financed through a company called #ProvincialHomeAssistance.
The trouble began in June 2024, when the #loan was renewed by a third company, #Financeit.
"Our interest rate jumped from 2.99% to 14.99% & our payment went from $60 a month to $136 a month," says Rawlings. "It's a shock. It's kind of like robbery. It's more than double the amount we were paying before."
Closer examination of the #financing details revealed the loan's original 10-year #amortization had been extended to 20 years by the second lender.
Ottawa · Ottawa couple's loan payments more than double after new company takes over financingAn Ottawa couple is sharing their buyer beware story and the importance of reading the fine print in contracts, following a shocking price hike and interest rate adjustment for their home furnace financing.