Dell Finacial Services Rip-Off

techguy84 · #1 09-25-2007, 03:16 PM

Yea, i know the Rent to Own scams. I havent seen the billed ones, myself, but mine are like you go to there store, find something you want, and then pay a weekly bi weekly or monthly payment. I got a laptop from them one time for a temp job. It was 29.99 a week so grab your little dollar general calculator back out and crunch that number times 80 weeks. Okay, so now you got $2400.00 total payment. The catch with it is that this laptop is about 6 months old, used and has a market price of $500. Yay you say when you paying almost 2 grand more for something. I hate R2O places because of this. It was awesome for a temporary solution for a little bit of time. 2 weeks is all that I needed the lappy for so it was definetly better than paying $500 when i didnt need it anymore.

BTW, this company was Rent a Center, if we are sharing are hated for companies that screw you over.

Angelox · #2 09-25-2007, 07:30 PM

Yea, I think they are the same ones (just had the name wrong) Rent a Center; When I went to pay them (these people would not take checks, the wanted cash) , I told them they were robbers and thieves, should be in jail.
My daughter finally did get the money for the pay-off, and got those creeps out of the way.

Lalolyen · #3 09-25-2007, 07:54 PM

Angelox, credit cards are good for 2 reasons in my opinion, and this isn't Dell, its any credit card company (Dell just happens to have their name printed across a "Citi Financial" owned card)..

1. To build your credit up (by means of buying 1 stick of chewing gum per month and paying the bill when it comes in before any intrest can be tacked on.

2. In EXTREME emergency situations where a bank cannot be used (example: You are on a trip in Mexico, its sunday at 5 PM and you missed your plane, you need to pay an extra 500 dollars or so to get on the next one and you have to be at work the next day). Even then, like you said, the next day, pull out a lone, pay the bastards off when that bill comes in.

If you want cash for gizmos, visit your local bank =), if they loan shark you, they have the Federal Reserve to deal with he he.

But I know what you were talking about and I'll explain how they did this...

Credit Card companies can imply fees 1 year later than what the fee was accessed for...

You got hit up with that clause. You maxed out the credit card on March 01 @ 1.5K. On April 02 the bill is due, and WOAH! You just got intrest added to the 1.5K that now puts the balence to 1.55K which is over your credit limit...

Yep there is a 20-60 dollar fee... each month. And your min payment is still 40ish dollars, because they aren't going to anticipate the overlimit fee in your bill.

Credit Card companies are evil... period.

Lalolyen · #4 09-25-2007, 08:00 PM

*** not to mention any other monthly and annual fees you may have had with that.

Angelox · #5 09-25-2007, 10:37 PM

"If you don't have the money to buy it, then you can't afford it"

This was told to me some time ago, and it stays in my head (I need to follow this policy too).

soulshot · #6 09-26-2007, 01:52 AM

Seconding the cutting up of credit cards. Also your bank should be able to give you a debit card against your checking/savings accounts for those emergencies you are talking about. The only fee associated with it is atm's at other banks, but 95% of the time you can just use it like a credit card etc.

techguy84 · #7 09-26-2007, 07:29 AM

Well, there are several Rent to Own places around were I live cause people dont understand that they are paying 4 times more for something so they still buy into it. Rent 2 Own, Rent a Center, United Household Rentals, Aaron's just to name a couple. The good thing about these places is that if you dont want the product anymore, take it back and your out, no contracts or amounts to fill. The only thing is your out whatever you payed into it, which some cases can be alot.

The policy that if you cant afford it, you dont need it, works some of the time, but a credit card is not nessicarly a super bad thing. The thing about credit cards or financing is no matter where you go with it, you have to keep a eye on it. You cant just blindly pay the bills and go about your business. If your a borrower, you need to be as informed as the person lending you the money. You need to know about late fees, APR's, The Prime Rate, contracts, frequent credit checks, what can happen, and what will happen. You need to be on top of the game at all times with it. For your saftey anyhow.

I know several people that have several CC and are doing fine with them. They grab them up when the oppurtunity comes their way and come out smelling like roses. My Dad for example has about 10 credit cards, two of which are Amex World Cards that have a unlimited credit line. You think something like that would surely spell doom for someone, but both of his cards are in check, he can pay each monthly fine, and at any given time, he can pay them off completely. It helps that he makes 130k a year, but most of that is used in other things like car payments, mortgages, and helping us kids out from time to time. He could easily mess his life up by using one of those world cards like its meant to be used, but hes not cause he knows that he couldnt afford to do the two things i mentioned he does.

Anyhow though, it boils down to wether or not your a good finanical person. If you have a history of bad debt, lack of bill paying, and you never read what you sign, a credit card is not for you. But to those of us that can swing those things, a credit card is a great addition in the way of funds your job just didnt pay you this week.