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I don't like it. This kind of company/service has to make money somehow, and the way it does that is by exploiting people who are bad with money and counting on them to, well, be bad with money (fail to keep track of when payments are due, etc). But I guess there must be demand for the service.
My (unwanted) advice: If you can't afford it now, don't buy it.
If you can't afford, just preorder at HLJ and save for when it does come out. Doesn't help for TTMall exclusives but eh.
Always spend within your own means and don't go overboard.
I guess like a credit card, if you go over and not pay up on time, there's going to be a penalty... a hefty one.
One another note, i just received my first order from PC and I've gotta say, I'm a happy customer.
Can't complain about the free shipping.
Makes it worthwhile to buy locally.
Yup. A mate of mine works in a loan company and pretty much admitted to me that this is exactly how they operate. If you can't afford to pay now, then just pre-order from somewhere else like HLJ and gradually save up your money so that when the bill comes through you can just throw your money at it.Quote:
Originally Posted by llamatron
There are pros and cons with using retailers that demand upfront payments or payments when the orders are processed. Use whichever option suits you. It's not rocket science. And ultimately, if you can't afford either option then... it's just a toy. :rolleyes: Do people really want to get a bad credit rating over an action figure? Because this might affect your lending capacity in future when you want to make other more important purchases... like real estate.
My guess is that PC are trying to attract more business and in a way that won't affect them, which is good because it also won't affect the rest of us. i.e. if a person defaults on the loan, then it's up to the loan company to chase them up; additional interest, debt collectors, legal action etc.Quote:
Originally Posted by llamatron
But yeah, I also don't like the idea of needing to essentially apply for a financial loan to buy toys. If you're spending that much money on toys that you need to take a freakin' loan out, then you might need to consider reprioritising your spending habits!
Holy adult responsibility, Batman! :pQuote:
Originally Posted by llamatron
But yes, totally agree with this. And it goes with any other non-essentials too. If you can't afford it, don't buy it. If you really want it, then save your money. My next HLJ pre-order is Unite Warriors Computicon. I have however number of months between now and the time of its release to save up the money to pay for it. Seemple.
Like any financial product there will be pros and cons. I hate the credit card interest I pay on big purchases....... but a debate on credit interest rates might be a little off-topic, given that its for someone's retail store.
There's twiier and reddit for such 'fiery' topics, after all.
+1 I don't like it either, just don't buy it if you don't have the money.Quote:
Originally Posted by llamatron
Facebook update
"*UPDATE** we have seen a bit of confusion and misinformation regarding out Interest Free, Buy Now Pay Later Product.
To Clarify, The Product is called zippay not zipmoney. They are two different products offered by the same company.
ZIPPAY
* NO INTEREST RATE, NO INTEREST AT ALL EVER
*$5 Account Keeping Fee if Credit line is in a negative, No Account fee once item is paid off or if Credit line is not in use.
*$40 a month min repayment- Principal Only.
Why is this deal too good to be real and must have a catch ?
the emails coming in are asking
A- Because the product works like someone with a Credit Card
Premium Collectables pays a transaction fee to the provider of the service.
Lastly, This Product will be of little interest to those who order and purchase as per usual, It is merely another option to any customer OLD or NEW if they want to secure a product before it runs out.
We thank everyone for their input today, but we just need to clarify it is zippay not zipmoney that we have set this offer up for.
I've been away for three weeks. Have pre-orders for MP Cheetor gone up yet? :p
Been and gone. Sold out absolutely everywhere. People are selling their preorders for $1500+ on ebay. And a Takara employee accidently wrecked the mold which won't be replaced anyway because Takara has filed for bankruptcy.Quote:
Originally Posted by Verno
How was your time away?
:p
http://24.media.tumblr.com/tumblr_m7...rgz5o1_500.gifQuote:
Originally Posted by Deonasis
Angkor Wat and Ha Long Bay should be on everyone's "to see" list.Quote:
Originally Posted by Deonasis