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Thread started 04 Oct 2010 (Monday) 22:51
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Best Buy question

 
AtMostFear
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Oct 04, 2010 22:51 |  #1

so..I bought a TV on behalf of my friends from Best Buy last April, using my Best Buy credit card. they've been paying me every month, no big deal. but lately they've been an ass, paying me late and other stuff, and there's still another $600 left to be paid for the TV.

what I have in mind is, is it possible for me to just return the TV to Best Buy and get the balance due removed? anyone with similar experience?


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canonnoob
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Oct 04, 2010 22:59 |  #2

Lesson learned: never buy stuff for friends.
Why not talk to your friend and say "pay up or good bye"

doubt you can return it since it is past the 30 days.


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texascaoboy
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Oct 04, 2010 23:03 |  #3

Wow, doesn't sound like much of a friend. If you didn't get anything in writing (friends or not), than you're screwed since you got it in April. Hopefully they're paying you for the interest. If he/she is indeed a friend, let them know first. Just tell them that you have a problem with them paying late and you plan on selling it if they don't get their act together. If they don't shape up, sell it, give them the portion they already paid, take your loses, walk away, and say goodbye to the friendship if they start hating on you.

However, in some jurisdictions, verbal agreements are binding and just as good as written ones. Small claims court might be your only answer.


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HaroldC3
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Oct 04, 2010 23:10 |  #4

Yeah, write in to Judge Judy and see if you can get on TV ;)


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texascaoboy
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Oct 04, 2010 23:21 |  #5

Do you have the TV with you? Or is it with the friend? If you have a shi**y credit history, just default on the loan and someone will come and repossess the TV. It'll be funny. :)


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AtMostFear
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Oct 04, 2010 23:32 |  #6

texascaoboy wrote in post #11035674 (external link)
Do you have the TV with you? Or is it with the friend? If you have a shi**y credit history, just default on the loan and someone will come and repossess the TV. It'll be funny. :)

The TV is with them. We're staying in the same building but different units. That's what I had in mind too, can I just ask Best Buy to repossess the TV and call it a day? what happens when you default a loan other than bad credit history? (and they'll just repossess the TV right? not my car, savings account, lol)


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jdancer987
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Oct 04, 2010 23:50 |  #7

No you can't do that. I work there and the card is through HSBC and they are who the payment plan is through. And yea, TV's are a 30 day return policy. sorry man.


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isoMorphic
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Oct 05, 2010 00:06 |  #8

AtMostFear wrote in post #11035742 (external link)
That's what I had in mind too, can I just ask Best Buy to repossess the TV and call it a day?

They wont take the TV if it's almost paid what they could do is sue you for the balance + legal fees + interest up until that point. For such a small amount however they will probably just burn your credit rating and sell you off to collections. Better to repo it yourself and sell for the $600 which should not be to hard then use that money to pay off the remainder of the debt.




  
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texascaoboy
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Oct 05, 2010 00:22 |  #9

AtMostFear wrote in post #11035742 (external link)
The TV is with them. We're staying in the same building but different units. That's what I had in mind too, can I just ask Best Buy to repossess the TV and call it a day? what happens when you default a loan other than bad credit history? (and they'll just repossess the TV right? not my car, savings account, lol)

Lol. I was trying to shed some light on the situation. No, you can't ask BestBuy to repossess it. Defaulting on a loan is a really bad idea. Credit gets you very far in this nation. Some may argue it's worth more than cold hard cash. There's a difference between no credit and bad credit as well. Just because you have no credit, doesn't mean you have bad credit.

Like the post above me has stated, go get it yourself, sell it, than pay off the card.

Other than that, small claims court is really your only other option. But that depends on if verbal agreements are binding in your state.


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patrick835
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Oct 05, 2010 00:25 |  #10

yeah and don't give them back a dime if they disagree with what you're about to do. and stop called them friends


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AtMostFear
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Oct 05, 2010 01:16 |  #11

oh well I guess I'm just screwed. I keep some of my stuff in their apartment and recently one of them told me to get my stuff from the hallway. I thought a good comeback would be asking them to pay the TV balance due in full (instead of paying monthly) or I'll ask BestBuy to reposses it and they lose what they've paid for. I guess the latter is not an option then.

I hope karma bites them back.


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texascaoboy
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Oct 05, 2010 01:28 |  #12

It's your TV, go get it. Go back and give them the money they gave you so far and say, "Give me the TV, or give me the rest in full." Is this no longer an option?


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AtMostFear
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Oct 05, 2010 01:59 |  #13

texascaoboy wrote in post #11036180 (external link)
It's your TV, go get it. Go back and give them the money they gave you so far and say, "Give me the TV, or give me the rest in full." Is this no longer an option?

It is, but I do not need a TV. I'll be at loss if I take the TV and try to sell it. It doesn't really make any difference to me financially whether they choose to pay it monthly or in full because I know they'll still pay the balance, I just thought I could make them suffer a bit by forking out the full amount now.

It's just one of those times you feel like being an ass to another ass.


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texascaoboy
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Oct 05, 2010 02:01 |  #14

AtMostFear wrote in post #11036266 (external link)
It is, but I do not need a TV. I'll be at loss if I take the TV and try to sell it. It doesn't really make any difference to me financially whether they choose to pay it monthly or in full because I know they'll still pay the balance, I just thought I could make them suffer a bit by forking out the full amount now.

It's just one of those times you feel like being an ass to another ass.

Ah I see. I thought the debate was between whether they were going pay it or not pay the remaining balance at all (leaving you with the credit hit). Scratch everything I said. :o


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isoMorphic
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Oct 05, 2010 05:33 |  #15

If they have not missed a payment that would be fraud and you could be sued for breech of contract.




  
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