Joined: 28 Apr 2005
Posts: 2175
| Posted: Fri Jul 10, 2009 5:22 pm Post subject: | |||
 It's the same situation as the typical PA. 99 out of a hundred customers are never going to be eligible for the benefits, and a big slice of the remaining one percent will either forget about it or not be willing to go through the hassle of getting the money. And the company is so freaking cheap they have to limit it to a three week window. Just a typical Sears scam to get maximum publicity for no investment and little risk.
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Joined: 31 Jan 2008
Posts: 338
| Posted: Fri Jul 10, 2009 6:37 pm Post subject: | |||||
dude, there are strings attached. The qualification portion.. dude, you can't be that damn naive can you? and besides, 1/12th?? |
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Joined: 31 Jan 2008
Posts: 338
| Posted: Fri Jul 10, 2009 6:40 pm Post subject: | |||||
Yes, that interest would accrue and who is ultimately responsible for paying it? And WHO just did an interest increase? C-I-T-I and who funds Sears - Sears GMC? C-I-T-I and once again who is ultimately responsible for paying the interest????? 1/12?????? |
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Joined: 31 Jan 2008
Posts: 338
| Posted: Fri Jul 10, 2009 6:41 pm Post subject: | |||
Goodole, He CAN'T stop CHEERING for SEARS! He can't do it! No matter what they do, he will always jump on their bandwagon. |
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Joined: 15 Mar 2008
Posts: 672
Location: stuffed in the back room of a kmart
| Posted: Fri Jul 10, 2009 10:29 pm Post subject: | |
| yea like i said i dont know why i keep replying tho the whole thing does irk me more then the usual sears bs maybe that's it | |
Joined: 11 Apr 2007
Posts: 463
Location: Earth
| Posted: Fri Jul 10, 2009 11:46 pm Post subject: | |
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I can't believe how much you're tugging at the shade over your eyes. Goddamn....just because I think they do something right means that I'm eligible to be insulted, told I'm a 'kool-aid' drinker. Wtf. And this isn't even about PAs, which I'll admit is open to some decent skepticism - there is literally no backlash for the customer at all.
I don't know if "not having a job" as a prerequisite for getting this buyer protection qualifies as unfair strings attached....that's what the whole point of it is anyway right? And having to make a claim? Really....that's a problem? People have to make claims for insurance all the time, for example. 1/12 is still 1/12. If you haven't found a full time job in a year, they pay the whole thing off. You must be the kind of person that sees a penny on the ground and keeps walking. Unfortunately, I don't make enough money to just walk away - I'd pick the penny up. Every little bit counts. And now, Ben, in your next post you've just taken the argument completely away from the original topic - the 'benefits' of Sears' Buyer's Protection. Even then, Sears has no control over their credit portfolio since it's owned by citibank. "Hell, you know, I think Sears is responsible entirely for the crash of the housing market" is exactly what that logic amounts to. And even then, how does that detract away from the money being free and a benefit to the customer? The interest rates would be higher regardless. And by the way, insulting me doesn't make your point...it doesn't do anything constructive, so try and keep your head above water and respond to the claims I'm making. I'm eager to hear your argument - but only if it's rational and well thought out. Last edited by MastaShake1108 on Fri Jul 10, 2009 11:49 pm; edited 1 time in total |
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Joined: 11 Apr 2007
Posts: 463
Location: Earth
| Posted: Fri Jul 10, 2009 11:48 pm Post subject: | |||
Holy Six-pack Batman! That's the point! IF you get laid off, it applies to you! Duh! I'm obviously missing something here, so humor me. How is that bad??????? |
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Joined: 15 Mar 2008
Posts: 672
Location: stuffed in the back room of a kmart
| Posted: Sat Jul 11, 2009 12:25 am Post subject: | |
| you have to have a sears card for it to apply sounds like a big god damn string to me | |
Joined: 06 Jul 2003
Posts: 8380
Location: Central CA
| Posted: Sat Jul 11, 2009 12:55 am Post subject: | |
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You're sure? The customer is REQUIRED to have a Sears Card? Are they required to pay for the purchase with a Sears card? That's going to make a major difference in what I think of the whole operation because if that's true, then it's just another credit card marketing scheme.
They need to do something about the usurious flipping APRs and other practices instead of coming up with scams to try to sell their cards in spite of the shortcomings. Maybe then they wouldn't have to try to bribe people into getting and using their cards. |
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Joined: 15 Mar 2008
Posts: 672
Location: stuffed in the back room of a kmart
| Posted: Sat Jul 11, 2009 1:22 am Post subject: | |||
Nofs you of all people i expected to read up on the link i had posted earlier in the thread. on it there is a downloadable brochure that outlines all the details of the deal. on the first page it says "sears buyer protection program now included with and major home appliances purchase over 399 with your Sears card". it also talks about it being citi thats backing this making me wonder if the people with the hbsc or what ever the other sears card is cant qualify for it. edit: went back to http://www.sears.com/shc/s/dap_10153_12605_DAP_Appl+Buyer+Protection+Claim and downloaded the claim form to read and apparently part of it has to be filled out by your last employer |
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Joined: 06 Jul 2003
Posts: 8380
Location: Central CA
| Posted: Sat Jul 11, 2009 2:02 am Post subject: | |
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I'm guilty... I skimmed it. It didn't sound like something that I figured would have much of an impact and I went on to other things.
So this applies ONLY to people who want to pay Sears/CitiBank's 25-30% APRs and have their minimum payments and due dates and whatever else jacked around by Citi, a company world famous for unethical and predatory credit card practices? Huh uh... I think I'll pass. Just another marketing ploy to sell credit cards as far as I can see right now. |
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Joined: 08 Jul 2003
Posts: 6309
| Posted: Sat Jul 11, 2009 2:17 am Post subject: your life story | |
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And on that same link it also tells you about proof of EMPLOYMENT for 60 days after purchase AND proof of UNemployment. And I can't emphasize this enough once Citi/Sears finds out they can lower your limit and/or freeze/suspend your account. Once that shows up on YOUR credit report so can other credit card companies. I personally know people who had their credit limit and a p r changed once one card found out they were unemployed.
And if this is anything like Account Care and unemployment GOOD - FRACKEN - LUCK |
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Joined: 28 Apr 2005
Posts: 2175
| Posted: Sat Jul 11, 2009 4:40 pm Post subject: Re: your life story | |||
What will they accept as proof? I don't suppose a paycheck stub will do. Does the laid off customer have to get a note from their former employer... 
3 more weeks and this discussion will have outlasted the program. Anybody seeing any increase in customer traffic? |
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Joined: 15 Mar 2008
Posts: 672
Location: stuffed in the back room of a kmart
| Posted: Sun Jul 12, 2009 12:09 am Post subject: Re: your life story | |||
well there is a portion of the claim form that does say to be filled in by previous employer |
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Joined: 28 Apr 2005
Posts: 2175
| Posted: Sun Jul 12, 2009 6:28 pm Post subject: Re: your life story | |||
It would be great fun going back to the former workplace and asking them to fill out a form in order to get a benefit from Sears.  What happens to people who don't leave on good terms? I suppose they aren't eligible.
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Joined: 15 Mar 2008
Posts: 672
Location: stuffed in the back room of a kmart
| Posted: Sun Jul 12, 2009 9:02 pm Post subject: | |
| well looks like you have to qualify for unemployment to qualify for that so walking out while yelling fuck you i quit pretty much disqualifies ya | |
Joined: 31 Jan 2008
Posts: 338
| Posted: Mon Jul 13, 2009 4:54 pm Post subject: | |||
Its a sham Shake, I just don't see why you don't see it.. 1/12 is a joke, especially all the crap you have to do to prove you don't have a job anymore. How is that Kool-Aid stand doing? |
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Joined: 31 Jan 2008
Posts: 338
| Posted: Mon Jul 13, 2009 4:56 pm Post subject: | |||
EXACTLY, NOT a "benefit" for the customers. 1/12, pfffft!! |
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Joined: 11 Apr 2007
Posts: 463
Location: Earth
| Posted: Tue Jul 14, 2009 9:02 am Post subject: | |||
Meh. You win. |
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Joined: 25 Nov 2008
Posts: 65
| Posted: Wed Jul 15, 2009 2:55 pm Post subject: | |
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this is a sales tool to present to overcome an objection - which is the economy and the threat of losing your job
IF a person goes out and spend 10,000 on appliances - loses their job in 60-90 days, they are stuck with this huge credit card bill and then - you save $800 each month Worth the paperwork - if your unemployeed - yes it is now - if it was a $400 purchase - and this happened your saving about $35 per month Worth the paperwork - probably not I did close a sale using this to overcome the customers objection successfully then - even got them to do the warranty as it is included in the program |
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Joined: 31 Jan 2008
Posts: 338
| Posted: Wed Jul 15, 2009 6:27 pm Post subject: | |||
Riiiiiight, I'm sure... Its still a sham and the crap you have to go through to prove you were employed and now unemployed exploits it more as a big time sham |
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Joined: 15 Mar 2008
Posts: 672
Location: stuffed in the back room of a kmart
| Posted: Wed Jul 15, 2009 10:41 pm Post subject: | |||
of course the $35 they are saving a month is off set by the $100 in interest that accrues each month |
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Joined: 08 Jul 2003
Posts: 6309
| Posted: Thu Jul 16, 2009 2:42 am Post subject: save credit | |
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I can't emphasize this enough -with unsecured debt which are most credit cards the credit card company and/or stores can't repossess your purchases.
The only thing this might salvage but not save is your credit. IF a recent appliance purchase at Sears is your biggest monthly payment this plan MIGHT help. But by the time most are skipping credit card payments they have other problems. True it doesn't say you have to declare bankruptcy. But most of your credit card purchases cannot be repossessed. Sears or most other stores are not doing you any favors by letting you keep your purchase which is what most wind up doing when they can't or wont pay their cc debt. You do not have to give credit card purchases back-perhaps ethically but not legally. True a person buying 10k in appliances might benefit but I can't picture someone buying 10k in appliances and not realize their job won't be their in 2 months. Something like this MIGHT help a person with small CC debt ie the Sears appliance purchase and not much else other than a person from going into debt settlement or bankruptcy as quickly. It will be interesting to see how many and who might get an actual benefit from this plan. |
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