Buy now pay later ...
#32
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Originally Posted by Notorious
I have heard that so many times before. I used to work for PC World and customers would always phone and say that they never got a reminder, however in the 5 years I worked there I had taken out 8 different IFO agreements and always received a reminder!!
As someone above said, you signed the agreement and knew when you were due to pay it, but it becomes convenient to blame them when it actually comes down to your organization.
As someone above said, you signed the agreement and knew when you were due to pay it, but it becomes convenient to blame them when it actually comes down to your organization.
You try and find exactly how you pay or try and get a statement from these people.
I moved house and couldn't find the paperwork, but knew the date I purchased the laptop, so I made sure the full amount was settled a month early.
"We'll send all the paperwork in the post for you" twice asked, never received.
HFC website doesn't mention how to contact them if you have a loan, I had to go into PC World and get ****ty with them to get the exact details and then called HFC and settled the full amount whilst sat outside in the carpark.
Don't assume that because people buy things on the drip that they can't afford to buy them in the first place.
The finance company should have an obligation to ensure they contact the borrower in good time before the 0% option expires.
They would soon be in touch if you missed a payment.
#33
Originally Posted by Tiggs
"They are bottom feeders"
no- they make profit from people that want it NOW and cant wait. they provide a service that EVERYONE who uses it wants...otherwise they would pay cash.
if you feel they are bottom feeding thats a greater reflection on those they assist than them.
no- they make profit from people that want it NOW and cant wait. they provide a service that EVERYONE who uses it wants...otherwise they would pay cash.
if you feel they are bottom feeding thats a greater reflection on those they assist than them.
Bottom feeders may be an incorrect term in this instance in the most popular definition. Many of the people who sign up really just can't afford the service and end up paying the horrendous interest rates. Fair enough - That's the service on offer and more fool them. I think the majority of the people on this board have probably already got the disposable income, and bought items with the full intent on pocketing a year's worth of interest on their hard earned cash before paying off in full. That's simply the sensible thing to do. The lengths the finance companies sometimes go to (or more specifically do not go to) to prevent you from doing this is scraping the barrel for that last ounce of profit, hence my calling them bottom feeders. It's just my opinion after all
Hope this helps
Joolz
#35
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Originally Posted by jbryant
I think the majority of the people on this board have probably already got the disposable income, and bought items with the full intent on pocketing a year's worth of interest on their hard earned cash before paying off in full. That's simply the sensible thing to do.
At the end of the day, ask yourself this question. If the contract had all the same terms but didn't contain a clause saying the FC would send you a reminder, or if they told you they would not send any reminders during the period, would you still sign it? If yes - it's your fault. If not - you might be able to escape due to their breach. I think most people here wouldn't give a damn about the reminder at the time of signing. As such - their loss when they forget. Sorry.
#36
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The furniture shops and PC World etc want you to buy now pay later
£5 commission per salesman + warrenty £10 aprox
Good repeat buisness as a customer gets used to paying £30 a month and then will be bombarded with letters offering more loans for repeat buisness
Finance company sells your details to other lenders
They DONT send out reminders as 25-35 % of people forget to pay on time so a nice little earner for the finance company
The shop pays the finance company 7-9 % off the loan value if they pay up
The shops want finance customers as
Less cash to bank at branch level
which costs money to pay in
Keeps the sales staff happy and retains them if they can make good spivs on selling finance rather then 1% commission IF THEY HIT unachievable sales targets
wellcome to retail and finance secrets
My tip shop around
always pay by Credit card in case goods are faulty or company goes bust
and get a % free card for 9 months if you want to spread the payments
£5 commission per salesman + warrenty £10 aprox
Good repeat buisness as a customer gets used to paying £30 a month and then will be bombarded with letters offering more loans for repeat buisness
Finance company sells your details to other lenders
They DONT send out reminders as 25-35 % of people forget to pay on time so a nice little earner for the finance company
The shop pays the finance company 7-9 % off the loan value if they pay up
The shops want finance customers as
Less cash to bank at branch level
which costs money to pay in
Keeps the sales staff happy and retains them if they can make good spivs on selling finance rather then 1% commission IF THEY HIT unachievable sales targets
wellcome to retail and finance secrets
My tip shop around
always pay by Credit card in case goods are faulty or company goes bust
and get a % free card for 9 months if you want to spread the payments
#37
the companies are bottom/idiot feeders who are, themselves, utilised by the smart.
the smart take the money and pay it off, the bottom dwellers cant afford to pay it off and result in profit to the lender.......and the idiots forget to pay it off
anyone that needs a company to remind them that they will save £xx by paying on a certain day needs a slap and a calander.
the smart take the money and pay it off, the bottom dwellers cant afford to pay it off and result in profit to the lender.......and the idiots forget to pay it off
anyone that needs a company to remind them that they will save £xx by paying on a certain day needs a slap and a calander.
#38
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Originally Posted by Tiggs
anyone that needs a company to remind them that they will save £xx by paying on a certain day needs a slap and a calander.
#39
I did my sofa on pay in 12 months.
I got the letter saying thanks for taking the finance blah blah, and at the bottom it specifically stated they WILL NOT send a reminder when the 12 months is up.
I got the letter saying thanks for taking the finance blah blah, and at the bottom it specifically stated they WILL NOT send a reminder when the 12 months is up.
#40
Scooby Regular
We are eagerly awaiting Terminator X's explaination as to what they said when he rang them ...................... because, surely, he DID ring today?????? Didn't he??
Pete
Pete
#41
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That reminds me, how do you keep an idiot in suspense ...
TX.
TX.
Originally Posted by pslewis
We are eagerly awaiting Terminator X's explaination as to what they said when he rang them ...................... because, surely, he DID ring today?????? Didn't he??
Pete
Pete
#42
Originally Posted by Tiggs
the companies are bottom/idiot feeders who are, themselves, utilised by the smart.
the smart take the money and pay it off, the bottom dwellers cant afford to pay it off and result in profit to the lender.......and the idiots forget to pay it off
anyone that needs a company to remind them that they will save £xx by paying on a certain day needs a slap and a calander.
the smart take the money and pay it off, the bottom dwellers cant afford to pay it off and result in profit to the lender.......and the idiots forget to pay it off
anyone that needs a company to remind them that they will save £xx by paying on a certain day needs a slap and a calander.
Joolz
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