DO NOT purchase ANYTHING financed through American FINCO
If you are financing ANYTHING (water softening/purification system in my case and MANY others), make sure that you DO NOT USE AmericanFINCO. I've been having issues with them for some time and finally just looked up the reviews. As it turns out, they are known scamming people! I've never worked with a business that claims not to get your payment until it's late, even though it's paid electronically by your bank each month with plenty of time. On the other hand, they raise your APR when it's "late" to up to 30% from what I've seen, but 25.999% personally. The interesting part is that I set my bank account up to send checks for the agreed upon amount and date electronically immediately after purchase!
My advise is NEVER use this company! If you are installing a Rainsoft Water Treatment System or anything from Atlantic Water Products, they will most likely finance you through AmericanFINCO. If you are dead set on making the purchase, either pay in full immediately OR use a reputable finance company that you know. I assure you that you and your bank account will be thankful in the end!
This experience has made me regret ever getting a water system! I personally will NEVER again use ANY company that uses or promotes AmericanFINCO... Check them out on the Better Business Bureau website! You may also be interested in http://www.complaintsboard.com/complaints/american-finco-c150646.html where you will find multiple complaints... all with similar stories!