Just thought I would warn everyone - I think I've seen similar postings before, but wanted to share what's happening.
In April 2005, I signed up for a Best Buy credit card to buy a laptop. Before we filed BK7, I had paid every payment on time from the date of purchase to July of this year. That's 15 payments of $50, or $750. Original purchase price of the computer was around $1000.
My attorney's paralegal called me today, and Best Buy's lawyer faxed them a security agreement I signed (one of those fine print things that got shoved under my nose in the store). They want the computer back, or they want me to pay for it!
Last fall, we had a huge lightning storm and the laptop's battery was destroyed. Turns out the nice warranty I purchased didn't cover "acts of God," so there was nothing to do but trash it. I could have purchased another battery I guess, but I didn't see the point; I wasn't too thrilled with the computer once I got it home anyway.
So now I sit in front of my NEW laptop, given to me by my dad, terrified of what is going to happen. I'm guessing they can't sue me for the money because I wasn't in collections when I filed BK, but I also don't think they are going to let this drop. I am so mad right now I could scream. I nearly paid them everything I owed, ignoring the insane interest they charged me, and even if I still had the computer it's not worth anything now - it's nearly 2 years old!
So, just a warning to all you BKers out there. If you have a Best Buy card, expect them to be jerks. I had actually asked my attorney about this before we filed, and he said it wasn't going to be a problem. Shows what he knows!
In April 2005, I signed up for a Best Buy credit card to buy a laptop. Before we filed BK7, I had paid every payment on time from the date of purchase to July of this year. That's 15 payments of $50, or $750. Original purchase price of the computer was around $1000.
My attorney's paralegal called me today, and Best Buy's lawyer faxed them a security agreement I signed (one of those fine print things that got shoved under my nose in the store). They want the computer back, or they want me to pay for it!
Last fall, we had a huge lightning storm and the laptop's battery was destroyed. Turns out the nice warranty I purchased didn't cover "acts of God," so there was nothing to do but trash it. I could have purchased another battery I guess, but I didn't see the point; I wasn't too thrilled with the computer once I got it home anyway.
So now I sit in front of my NEW laptop, given to me by my dad, terrified of what is going to happen. I'm guessing they can't sue me for the money because I wasn't in collections when I filed BK, but I also don't think they are going to let this drop. I am so mad right now I could scream. I nearly paid them everything I owed, ignoring the insane interest they charged me, and even if I still had the computer it's not worth anything now - it's nearly 2 years old!
So, just a warning to all you BKers out there. If you have a Best Buy card, expect them to be jerks. I had actually asked my attorney about this before we filed, and he said it wasn't going to be a problem. Shows what he knows!
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