• Report: #401210

Complaint Review: Circuit City

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  • Submitted: Sun, December 14, 2008
  • Updated: Sun, December 21, 2008

  • Reported By:lakeland Florida
Circuit City
www.circuitcity.com Lakeland, Florida U.S.A.

Circuit City good luck getting a cc credit account! Lakeland Florida

*Consumer Suggestion: Not all Circuit City stores or employees are bad.

*Consumer Suggestion: Circuit City doesn't approve/deny credit cards. They aren't a bank!

*Consumer Comment: Advice regarding medical bills.

*Consumer Suggestion: The price of instant gratification.

*Consumer Suggestion: The price of instant gratification.

*Consumer Suggestion: The price of instant gratification.

*Consumer Suggestion: The price of instant gratification.

*Author of original report: medical bills will ruin your credit,not paying regular bills!

*Consumer Comment: I never understood how CItcuit City managed to stay in business anyway!

*Consumer Comment: Circuit City is supposed to have filed for BANKRUPTCY!

*Consumer Comment: Not seeing the ripoff...

*Consumer Suggestion: They did you a favor

*Consumer Comment: You are the reason..

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circuity was having a 24 month paymeny plan for big screen tvs over $1000.00 "apply today,buy today!" guess what? i applied and they said sorry,you will have to wait for a reply in the mail from chase bank. a week later i got a notice that im not eligible for credit for c.c.! what a scam. i tried a few yrs ago at a different location. was processed in a few minutes but again,i wasnt eligible! this is why they are going under. you cant get credit unless you have perfect credit. very few ppl have perfect credit or the cash to buy their big ticket items. this is why they are losing their shirt. they cant sell unless customers have a way to pay which most ppl dont unless they can get the c.c. credit. i do not feel one bit sorry for them. ppl,imcluding myself would buy but arent allowed to because of imperfect credit. they need to change the bank they deal with or take the payments themselves. i went to a rent to own place and got a beautiful 60 inch dlp tv hassle free! and the payments for the 2 yrs arent too bad and include 100 percent replacement or repair guarantee. screw circuit city! dont buy there unless you have the cash,youll be denied credit for their so called 24 mo interest free deals!!!

Michael
lakeland, Florida
U.S.A.

This report was posted on Ripoff Report on 12/14/2008 09:17 AM and is a permanent record located here: http://www.ripoffreport.com/r/Circuit-City/Lakeland-Florida-33801/Circuit-City-good-luck-getting-a-cc-credit-account-Lakeland-Florida-401210. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 13Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Suggestion

Not all Circuit City stores or employees are bad.

AUTHOR: Burnt In Ohio - (U.S.A.)

Hey Joe in Austin. Are you particularly happy if the demise of CC would put over 40,000 out of work? Your beef may be with a particular store or particular employees. Not the other hardworking honest CC employees just trying to make a living like you and I. Of course there has been greed at the head. Now that the previous CEO is out, maybe something can be done. If it's not too late. I'm a wife of a Circuit City employee that has been with the company over 8 years, and loves what he does. He cares about the customers, and puts them first. He himself has seen some good and bad employees in the stores. That is anywhere though. Circuit City's downfall came when upper management thought it would be a good thing to fire all those making too much money. My husband barely hung on at that point, but he doesn't make big money by all means. You basically lump all employees and management in the same boat without regard to whether they are good or bad employees, and don't see them as individuals trying to put food on the table like you. I suggest you look at it in a different light before you be judged unfairly in some situation.
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#2 Consumer Suggestion

Circuit City doesn't approve/deny credit cards. They aren't a bank!

AUTHOR: Burnt In Ohio - (U.S.A.)

Have you not listened to the news about the tightening credit? Just because the card says Circuit City doesn't mean Circuit City has really anything to do with it. Do you think Speedway, BP, Shell, or Exxon operate their cards? Look at the back of one of your department store cards for the fine print. The store doesn't oversee the card. They are NOT a bank. You're beef is with Chase. You said it yourself that Chase sent you a reply in the mail. Chase are the ones issuing/denying the credit.
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#3 Consumer Comment

Advice regarding medical bills.

AUTHOR: Nikki - (U.S.A.)

Did you know that you could have made a deal with the hospital to pay as little as $25 per month towards your bill and they would not report the collection? Now it's too late to keep from being reported. I know you think they charge a lot of money, but do you know why the Tylenol was $16? The doctor has to write the order, it has to be entered into the computer, the meds have to be ordered from the pharmacy, etc. Even if they have the Tylenol on the floor, they still need to process the paperwork which takes man power, computer space, etc.

Your credit score is the key when applying for credit cards, period. They base their decision on that. If you apply for a loan, yes, they may look at your report, see the only bad items are medical bills, and grant you a loan.

As for the credit at RAC, of course you got the credit. You are paying them a lot of extra money to get that credit. The hospital wouldn't have charged you any extra money to pay their bill monthly. I guess you though a TV for almost double the price was more important than a 20-50 point drop in your credit score.
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#4 Consumer Suggestion

The price of instant gratification.

AUTHOR: Robert - (U.S.A.)

What's the price of instant gratification?

""a week later i went to a rent to own place (aaron's) and got a 60 inch tv hassle free! sure its a little more but i have 2 yrs to pay it off and the payments are reasonable. its not that as one said 'they did you a favor' i know the monthly payments for the cc tv were very much within my budget. its just that i didnt have the cash to buy from c.c. they wont ever see me as a customer again. probably will go bankrupt anyway!!!""

I just checked aarons website flyer for Buffalo. They presently offer a 60 inch HD LCD Mitsubishi TV for their "every day low price" of $1583.99. You can have it for 24 monthly payments of $99!

Let's how this works. Purchase price is $1583.99
24 payments of $99 = $2376.00
Difference = $ 972.01

If you fulfill this "rent to own" purchase at $99 for 24 months, you are in fact paying $792.01 over the purchase price. In other words you are paying at a rate that calculates to approximately 42.42 % APR. A 2 year loan of $1583.99 at an APR of 43.43%! Check it with an amortizing calculator!

ABSOLUTELY RIDICULOUS!

You would have been better off to save your money to purchase such an item.
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#5 Consumer Suggestion

The price of instant gratification.

AUTHOR: Robert - (U.S.A.)

What's the price of instant gratification?

""a week later i went to a rent to own place (aaron's) and got a 60 inch tv hassle free! sure its a little more but i have 2 yrs to pay it off and the payments are reasonable. its not that as one said 'they did you a favor' i know the monthly payments for the cc tv were very much within my budget. its just that i didnt have the cash to buy from c.c. they wont ever see me as a customer again. probably will go bankrupt anyway!!!""

I just checked aarons website flyer for Buffalo. They presently offer a 60 inch HD LCD Mitsubishi TV for their "every day low price" of $1583.99. You can have it for 24 monthly payments of $99!

Let's how this works. Purchase price is $1583.99
24 payments of $99 = $2376.00
Difference = $ 972.01

If you fulfill this "rent to own" purchase at $99 for 24 months, you are in fact paying $792.01 over the purchase price. In other words you are paying at a rate that calculates to approximately 42.42 % APR. A 2 year loan of $1583.99 at an APR of 43.43%! Check it with an amortizing calculator!

ABSOLUTELY RIDICULOUS!

You would have been better off to save your money to purchase such an item.
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#6 Consumer Suggestion

The price of instant gratification.

AUTHOR: Robert - (U.S.A.)

What's the price of instant gratification?

""a week later i went to a rent to own place (aaron's) and got a 60 inch tv hassle free! sure its a little more but i have 2 yrs to pay it off and the payments are reasonable. its not that as one said 'they did you a favor' i know the monthly payments for the cc tv were very much within my budget. its just that i didnt have the cash to buy from c.c. they wont ever see me as a customer again. probably will go bankrupt anyway!!!""

I just checked aarons website flyer for Buffalo. They presently offer a 60 inch HD LCD Mitsubishi TV for their "every day low price" of $1583.99. You can have it for 24 monthly payments of $99!

Let's how this works. Purchase price is $1583.99
24 payments of $99 = $2376.00
Difference = $ 972.01

If you fulfill this "rent to own" purchase at $99 for 24 months, you are in fact paying $792.01 over the purchase price. In other words you are paying at a rate that calculates to approximately 42.42 % APR. A 2 year loan of $1583.99 at an APR of 43.43%! Check it with an amortizing calculator!

ABSOLUTELY RIDICULOUS!

You would have been better off to save your money to purchase such an item.
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#7 Consumer Suggestion

The price of instant gratification.

AUTHOR: Robert - (U.S.A.)

What's the price of instant gratification?

""a week later i went to a rent to own place (aaron's) and got a 60 inch tv hassle free! sure its a little more but i have 2 yrs to pay it off and the payments are reasonable. its not that as one said 'they did you a favor' i know the monthly payments for the cc tv were very much within my budget. its just that i didnt have the cash to buy from c.c. they wont ever see me as a customer again. probably will go bankrupt anyway!!!""

I just checked aarons website flyer for Buffalo. They presently offer a 60 inch HD LCD Mitsubishi TV for their "every day low price" of $1583.99. You can have it for 24 monthly payments of $99!

Let's how this works. Purchase price is $1583.99
24 payments of $99 = $2376.00
Difference = $ 972.01

If you fulfill this "rent to own" purchase at $99 for 24 months, you are in fact paying $792.01 over the purchase price. In other words you are paying at a rate that calculates to approximately 42.42 % APR. A 2 year loan of $1583.99 at an APR of 43.43%! Check it with an amortizing calculator!

ABSOLUTELY RIDICULOUS!

You would have been better off to save your money to purchase such an item.
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#8 Author of original report

medical bills will ruin your credit,not paying regular bills!

AUTHOR: Michael - (U.S.A.)

to those ppl who think im dishonest and thats why i cant get credit to buy a tv from c.c.. its not my record of paying bills. its because of ridiculous unpaid medical bills! a hospital charged me $524.00 for a dose of antiseizure medication after a seizure! another hospital charged me $16.00 for a tylenol! this kind of crap is why ppl are losing their good credit and cant get credit. guess what? a week later i went to a rent to own place (aaron's) and got a 60 inch tv hassle free! sure its a little more but i have 2 yrs to pay it off and the payments are reasonable. its not that as one said "they did you a favor" i know the monthly payments for the cc tv were very much within my budget. its just that i didnt have the cash to buy from c.c. they wont ever see me as a customer again. probably will go bankrupt anyway!!!
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#9 Consumer Comment

I never understood how CItcuit City managed to stay in business anyway!

AUTHOR: Joe - (U.S.A.)

Their prices are way too high for what they sell.

Well, we don't have to worry about them too much longer because they filled for Chapter 11 Bankruptcy and here are the details!

Whenever I went in there, they had NOTHING in the way of music in Spanish, NO SPANISH VIDEOS of ANY KIND and the English videos were a lot more expensive than the ones at Wal-Mart or in other places --SAME TITLE,SAME DISTRIBUTOR AND NO BOOTLEGS EITHER!

YOU CAN READ ABOUT THEIR PROBLEMS FOR THEMSELVES..

I WANT TO SEE IF THE CHAPTER 11 BECOMES CHAPTER 7.

My favorite sport these days is predicting which one of the greedy, crooked, price-gouging corporations is going to go BANKRUPT NEXT!

Circuit City Files Chapter 11 Bankruptcy

Circuit City has filed for Chapter 11 bankruptcy.

Circuit City Stores Inc., the nation's second-biggest electronics retailer, plans to stay open for business as the busy holiday season approaches.

The company said it decided to file for bankruptcy protection because it was facing pressure from vendors who threatened to withhold products during the holiday shopping period. It also also said it cut 700 more jobs at its headquarters, after announcing a week ago that it would close 20 percent of its stores and lay off thousands of workers.

*****

The company's biggest creditors are its vendors: Hewlett-Packard has a $118.8 million claim on Circuit City's assets, followed by Samsung ($115.9 million), Sony ($60 million), Zenith ($41.2 million), Toshiba ($17.9 million) and others. Smaller creditors include GPS navigation system maker Garmin, Nikon, Lenovo, Eastman Kodak and Mitsubishi.

Filing Chapter 11 will allow Circuit City to continue to operate in the hopes of having its creditors accept a reorganization plan to get the company back on its feet. It's too early to tell whether the big vendors will work with the company or will oppose everything it proposes to the bankruptcy court.

Posted on November 10, 2008
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#10 Consumer Comment

Circuit City is supposed to have filed for BANKRUPTCY!

AUTHOR: Joe - (U.S.A.)

CREDIT IS TIGHT RIGHT NOW!

SO DO WHAT I DO AND SAVE UP YOUR MONEY AND PAY CASH.
BECAUSE NOBODY CAN GET CREDIT RIGHT NOW, INVENTORIES OF MERCHANDISE ARE GOING TO START TO PILE UP AND THE MERCHANTS ARE GOING TO START DISCOUNTING IN ORDER TO GET RID OF THE EXCESS.

SO SIT BACK AND WAIT.

IT IS NOT A RIP-OFF WHEN YOU ARE BEING DENIED CREDIT BECAUSE NOBODY IS GETTING CREDIT.

I THINK THE RIP OFF COMES WHEN ALL OF OUR TAXPAYER DOLLARS WENT TO THE FINANCIAL INSTITUTIONS SO THAT THEY COULD SUPPOSEDLY START GIVING CREDIT AGAIN --BUT THEY AREN'T.... THEY ARE PROBABLY TRYING TO COVER THEIR BAD LOANS AND POSSIBLE EMBEZZLEMENTS WHICH IS WHAT STARTED ALL OF THIS.

SO YES< YOU WERE RIPPED OFF AS WERE ALL TAXPAYERS.

AND CIRCUIT CITY IS STILL FILING FOR BANKRUPTCY AND MAYBE YOU DON'T WANT TO MAKE ANY INSTALLMENT PAYMENTS TO A COMPANY WHICH MAY NOT BE AROUND AFTER THE FIRST OF THE YEAR.

SIT ON YOUR MONEY AND WATCH AND WAIT...
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#11 Consumer Comment

Not seeing the ripoff...

AUTHOR: Edgeman - (U.S.A.)

So you didn't qualify for credit. How is that a ripoff?

You're better off. If you're credit is poor, the interest you would have paid would have been more than the tv is worth.
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#12 Consumer Suggestion

They did you a favor

AUTHOR: Robert - (U.S.A.)

They did you a favor when they denied you a credit card.

If you're already having credit issues, the last thing you need is another credit line.

Here's a suggestion: Get an empty soda bottle or other such contain and every pay period put some money into it. If you like, you can set a pad of paper next to it and track the money you've put in the container. When you finally total up about $1000, bust the container open, grap the CASH, and go purchase whatever TV you like.

Nothing works better than cash when making an expensive purchase. Many of the electronic stores around here will bargain down 10 to 20 percent of the stated price if you're gonna pay cash. At the MINIMUM, you should be able to negotiate 4% off, because if you use a credit card, the MERCHANT has to pay the CC compony a "vendor's fee" which is usually anywhere between 3.5 to 4.5 percent.

By using you're saved cash, you won't be paying any interest charges for the TV and it's very likely you'll negotiate a discount when you purchase it. That's a double savings for YOU!
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#13 Consumer Comment

You are the reason..

AUTHOR: Robert - (U.S.A.)

By your own comments we can see why people like you are the reason for the credit problems today.

You stated...
"..they cant sell unless customers have a way to pay which most ppl dont unless they can get the c.c. credit."

If the only way you can buy a $1000 TV is by putting it on credit, then perhaps you should NOT be buying a $1000 TV. Yes I am sure you disagree with me. But if I am wrong then answer this. How come you don't have perfect credit? Could it be because you bought things in the past you couldn't afford.

By the way I hope you don't become late on your payments with the Rent-To-Own place or you may have a different attitude. Just search that company on RipOff Report and see how they handle people that are delinquent.
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