Unauthorized Line of Credit
I was hoping to get your advice and thoughts on a situation I encountered and my possible courses of action.
Went to an engagement ring store to purchase a ring. I had pretty much all the money to pay for it upfront, but wanted to utilize no interest financing. During the process the rep ran my credit, which was expected and stated that I was approved for $5500 no interest financing.
This is where things get slightly more complicated. She's offers me to open up an additional line of credit to pay for the remaining balance, but I assure her that I can just pay whatever the difference is. I stress that I didn't want to open up anything other than the highest card I was approved for and pay the difference. She stated that I was approved for the $5500 and could pay the difference.
So after the process I realized that two credit cards have been opened for no interest financing. One for $4000 and another for $1500. To say the least this p*ssed me of pretty heavily. I double checked with my friend who was shopping with me and he too interpreted that I had 1 card with no interest financing.
So my question is "What are my courses of action to correct this?"
If I keep the account, they essentially bamboozled me and now I'm forced to use this line of credit that I didn't want. I can pay it off and close it, but I don't know how that will impact my credit.
I'm pretty sour about how it was misrepresented and don't want to do business with them out of principle and can return everything and close the account. Now I'd have to deal with this lasting inquiry/inquiries, having to go and find another ring somewhere else and delay my proposal plans, etc.
I know I play a small part of not asking enough questions, but I took a recommendation from a friend, to which I must state that the service was great in getting the ring. The main issue I have is the misrepresentation of the credit accounts.
Maybe I'm making a big deal about nothing.
TLDR; Bought a engagement ring, rep opened a line of credit that I didn't authorize, not sure what to do to fix