'He talked me into it': Ontario senior receives $40,000 loan agreement after door-to-door sale
CTV
For years, door-to-door sales have been banned in Ontario, but that isn’t stopping some companies from continuing to push expensive, long-term rental contracts on unsuspecting homeowners.
For years, door-to-door sales have been banned in Ontario, but that isn’t stopping some companies from continuing to push expensive, long-term rental contracts on unsuspecting homeowners.
“It wasn't something I wanted or needed, but he talked me into it," Helen Hadwin of Oshawa, Ont. told CTV News Toronto.
Hadwin said it was June 2023 when someone knocked on her door and said that she could get government rebates and lower her monthly bill if she installed a water softener and HEPA filter.
Believing she was about to save money, Hadwin said she agreed to have a water softener and a HEPA air filter installed without knowing the price of the equipment. She was told the paperwork would be sent at a later date, she said.
When Hadwin received the loan agreement in the mail, however, she said she was shocked by the amount.
"I just about had a heart attack,” she said.
It would turn out that Hadwin was locked into a contract with The Simply Group for a loan of $18,000, amortized over 15 years at 11.99 per cent interest. This meant that, over the course of the life contract, Hadwin stood to pay almost $40,000.
