"This was born out of listening to our customers," said Kevin Brown, chief marketing officer/home appliances. Customers were saying, "We're just in a spot where we're deferring major purchases due to our concern about our personal economy and the national economy."
For the moment, the program will only apply to purchases made between July 6 and August 1.
We're skeptical of these recession guarantees, which seem more like clever marketing than a fail-safe that consumers find useful. And since it's Sears, we'd definitely want to see the fine print before believing anything.
Sears to modify payments if appliance buyers lose their jobs [The Chicago Tribune]
(Photo: raindog808)
I hate sears credit card to. They are not customer friendly and are always charging fees and having to refund them because they should have not charged them in the first place.
]]>I'm wondering what this could do to your credit score and limit with Sears or if a credit agency finds out you are unemployed . I've heard stories of people trying to renegotiate their APR and as soon as they tell them they are unemployed their credit limit was reduced . How much does a reduced limit affect your score ?
]]>@barb95: Dont buy a treadmill there. A good friend of mine just started her job in the fitness department of Sears. She says that when she sells treadmills/ellipticals/workout equipment (which is rare, because according to her, everyone is broke), 99% of the time the customer returns it because it is either a crappily made piece of crap, has missing parts that they wait months for the manufacturer to send, or it breaks the first time they use it. She says with her $6.00/hr plus commission, she stays broke, because if a customer returns a piece of equipment within 90 days, Sears takes the commission back out of her pay. Boooo to Sears!!!
]]>I already told her to buy a Hyundai. They pay you and you get to keep the car for a year then return it. Free lease!
]]>Me: I'd like to buy the entire store please.
Sears: Huh?
Me: Just put it on my card. I'm employed.
Sears: Well, OK.
Me: Thanks!
Sears: No problem, Have a nice day!
Me: Hi, umm I just lost my job.
Sears: Sorry to hear that. We will credit 1/12th of the purchase price to your account.
Me: Thanks again!
One year later...
Me: Hi, I still don't have a job.
Sears: Ok the store is yours congrats!
This is pretty funny, since when I had a Sears credit card, they wouldn't give me a credit line over $350. When they wanted to charge me $25 a year for the 'privilege' of having this $350 line of credit, I told them to cancel the card.
]]>I'm going to have to call bullshit on this one. Years ago, I worked as a bankruptcy attorney in Sacramento. Sears sent an attorney to contest any matter in which the party had a Sears card balance over a certain amount. I can't imagine they've stopped the practice.
]]>If you can't pay cash, you don't need it.
BTW: What is it with all these cat photos for story lines? I liek teh kittehs as much as anyone, but it's not Caturday yet.
]]>Will the receivership judge honor this promotion? Will whoever buys Sears' credit card business?
]]>You stole me idea!
]]>Only for appliances? What if I want a treadmill? I want to prepare for my joblessness
]]>@balthisar: They will credit "1/12th of the purchase price" but I am sure that they will not count that amount toward your Sears card payment which will generate huge interest rates to them when people think this credit counts for a payment.
]]>@balthisar: I think Sears usually does promotional 0% APR's on appliance purchases this large. If not, good point.
]]>I remember when they would do stuff like the "Kenmore Challenge" scams. If you found an appliance with all the listed features, for less money, you could have the washer for free. Problem is, there was always a Kenmore exclusive feature (triple action agitator) which they contracted with Whirlpool to not put on any other washer. They do a similar scam with Craftsman tools.
]]>Not me, I just need to make it worth my while.
By buying $~100k worth of appliances
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