Tuesday, September 2 2014 5:04 AM EDT2014-09-02 09:04:58 GMT
(WMC) - A Southaven man providing day care services at his home is now accused of another sex crime. Richard Marsee was charged last week with fondling a child in the same house where he cared for children.More >>
A Southaven man providing day care services at his home is now charged with another sex crime.
Tuesday, September 2 2014 5:02 AM EDT2014-09-02 09:02:50 GMT
(WMC) - Another Memphis neighborhood is worried about vicious dogs roaming the streets. One person who lives in the area around Spottswood Avenue and S. Highland Street says at lest 10 cats and three smallMore >>
One person who lives in the area around Spottswood Avenue and S. Highland Street says at lest 10 cats and three small dogs have become attack victims.More >>
MEMPHIS, TN -
(WMC-TV) - Buy now, pay later offers on big purchases sound great, but you will pay alright... in interest charges. Bottom line... there are pitfalls to deferred-interest credit cards.
Doug Watts says buying his televisions with a deferred-interest credit card from Best Buy was one of the dumbest moves he ever made.
A nasty surprise came in the mail when the three-year promotional period was up.
"They added $1,300 in interest on a balance of roughly $700 to $800," said Watts.
The original receipt Watts signed contained loan terms he says were hard to find and unclear. But they said if he did not pay everything off in three years, he would be charged interest on the entire bill - even on the money he had already paid.
Attorney and financial expert Christina Tetreault says although the terms of deferred-interest cards have recently gotten clearer, you can still get trapped.
"The disclosures on these cards are really not enough to help consumers understand what they're actually buying," said Tetreault.
In addition to Best Buy, Home Depot and Walmart, as well as other retailers promote deferred-interest loans.
You will also find solicitations for deferred-interest credit cards designed for health care expenses in doctors' offices, a setting where people struggling to pay for care could be most vulnerable.
"The very location of the solicitation within a doctor's or a veterinarian's office or a dentist's office is inherently exploitative," said Tetreault.
Consumers Union, the advocacy arm of Consumer Reports, says deferred-interest cards, while legal, are dangerous financial products and often carry high interest rates.
As for Doug Watts, he says he will never fall for another deferred-interest credit pitch again.
Friday, July 25 2014 3:19 PM EDT2014-07-25 19:19:10 GMT
(WMC) – A prostitution sting was conducted at a Southaven hotel Thursday. As a result, the following 12 people were arrested: Preston K. Mitchell, 52, Memphis, Tenn., charged with procuring prostitutionMore >>
A prostitution sting was conducted at a Southaven hotel Thursday. Twelve people were arrested.More >>