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Link Related to Canada in some say Sears customers told to continue paying for worthless extended warranties
 
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Category  Business
Poster  DrCaleb
Hits  469
Date  2018-12-11 05:44:25

Comments:

  • Freakinoldguy: What a fekin joke. I have 5 appliances that would still be under warranty if Sears existed but since they went bankrupt I now have a bunch of useless paper. Easy Financial and Scotia Bank are relying on the power of continual harassment to get their money back and I think it's time for the Federal Gov't to step in and stop this unwarranted and less than ethical attack on people who bought Sears warranties in good faith but now have no coverage and a large headache from these predatory lenders.

    Can anyone say "Class action lawsuit"
  • housewife: But they financed it. If they hadnít financed it they would have paid up front for warranties and would still be out money. The companies that bought the debt (yes for less than the debt) make a profit from the debt being paid off. They donít have anything to do with the rest. I have worthless pieces of paper too but I had already paid for them before sears went under. They are still useless though. Sucks to be anyone with a sears warranty but doesnít change the fact that they agreed to pay for it all over time.
  • BartSimpson: My blood pressure spiked just reading the comments here.

    These people are being forced to pay for useless warranties by a goddamned collection agency?

    :roll:
  • Freakinoldguy: "housewife" said
    But they financed it. If they hadnít financed it they would have paid up front for warranties and would still be out money. The companies that bought the debt (yes for less than the debt) make a profit from the debt being paid off. They donít have anything to do with the rest. I have worthless pieces of paper too but I had already paid for them before sears went under. They are still useless though. Sucks to be anyone with a sears warranty but doesnít change the fact that they agreed to pay for it all over time.



    So, since you and I are out money because we paid up front for our warranties means that that people who rolled their warranty payment into their appliance costs should lose out to?

    I'm sorry but I can't agree. Take the Sears bankruptcy out of the equation and you can see that this is a predatory business practice that borders on fraud. The companies who bought the debt can go and take a flying leap at a rolling donut because there is no way they should be allowed to charge for a service they can't or won't provide which is what this amounts to.

    Unfortunately you and I bought the warranties without knowing Sears was going out of business. As a matter of fact when we heard that they were going under I phoned their warranty service line and was ASSURED by some twit on the other end that no matter what happened Sears had made arrangements to honour their warranties. Well isn't that special. Not only did they lie to me and probably thousands of other customers but they sold their warranties along with their debt to companies that wouldn't honour them. I often wondered why they kept phoning me in the months leading up to the liquidation to ask if I wanted to extend my warranties for alot more money. Thankfully I didn't bite and lose anymore money to these blood sucking assholes.

    But apparently there was some recourse we could have had if we'd known about it. We likely wouldn't have got any money but it would have at the least given us some measure of closure.

    the Better Business Bureau advised warranty holders to file a proof of claim with the Superintendent of Bankruptcy Canada Outreach and Complaints and apply to be on the list of creditors in the event there was a settlement.

    But even in that case, chances were that customers would see very little actual money.


    https://ca.finance.yahoo.com/news/happe ... 32752.html


    So if there is one chance in a million that someone someplace can take a measure of revenge against these predatory type companies who use and abuse people for the bottom line, then all I can say is go for it and I'll back them up 100%. BTW read the bottom paragraph of the article which I'm sure you'll find interesting.
  • housewife: Yes they lied. Yeah itís a piss off but they signed the receipt. I doubt that there will be a Christmas miracle over it though. And if there is a Christmas miracle then a bunch of other people will start screaming thatís not fair. The world is a horrible place and nothing is fair. Instead of carrying on about warranties maybe someone should be changing the pension system so that companies canít rape them and leave their employees hanging in the wind.

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