Apple Finance Agreement

Maddy13

lol, looks like i came to the wrong place for advice... they say sarcasm is the lowest form of wit, i tend to agree.

Am i correct in thinking that, like myself, no-one here knows if an incorrectly completed credit agreement is legally binding?

Sally22_2

Oops Im a very slow typer!!

Im not being funny but your a qualified accountant and good with your money but you don't notice a direct debit hasn't come out for 3 months? I check my direct debits regularly online...

As for the answer to your question, I don't know but for all you know it could have been a new salesperson who made a mistake, or maybe the forms had slightly changed recently, we are all only human after all. I would sign again and pay the money personally. Do you have a copy of the sales agreement? What does it say?

I would take an educated guess though and say you still have to pay, it depends what they mean by incorrectly signed. Do they mean it wasn't signed at all, or just in the wrong place. If you have signed nothing then it could be a bit more tricky for them to prove but if you signed something that they kept then they obviously have proof you have the laptop.

PS you do realise your paying nearly £550 in interest?! Doesnt seem worth it...just my 2 cents, I have seen it learnt the hard way by my partner and a Nintendo Wii.

Rupert_Bear

Rupert_Bear wrote: »

You are so right buddie everyone does suffer and especially when low life of this world are trying to get out paying for their goods.

Of course I would not include you in this catagory because as you say you have morals!:)

Also not sure how you have come to the conclusion you are smart with money when an item worth £899 will eventualy cost you over £1400 to pay back.

Rupert_Bear

Maddy13 wrote: »

lol, looks like i came to the wrong place for advice... they say sarcasm is the lowest form of wit, i tend to agree.

Am i correct in thinking that, like myself, no-one here knows if an incorrectly completed credit agreement is legally binding?

I know its just not on. Sarcasm is the lowest form of wit as is trying to get out of paying for goods and services.

:rotfl:

Maddy13

I took it over 4yrs but had planned to have it clear (making additional payments) over 6-8 months, after getting thru Christmas a few b-days at the start of the year.

I have 3direct debits, phone, car, insurance. So didnt even look at the statements as they dont take much to keep an eye on. Only noticed when i put together the last 3 months statements for my mortgage application that no payments had come out.

Waiting to see what they send me, if its a new agreement i think there is no agreement, if its a minor problem like signed in wrong place, i obviously have to pay.

New sales rep or not, if i screw up and cost my company money, i pay the price. Its a very simple procedure, the same as posting out the agreement, yet Apple seem to be lacking slightly. Very poor service

Sally22_2

How has this cost Apple money though? Im sure they will get the full amount from you sooner or later.

Do you remember signing anything while you were there? They have your name and address on file, so they will catch up with you, and they probably have the serial number of the laptop if its anything like mobile phone shops where they scan all the barcodes in after sorting the credit agreement. I don't think you will get away with this one i'm afraid.

Maddy13

They have all my details. I dont plan to keep the laptop and not pay, i would willingly take it back if they agreed to drop the credit agreement that is wrong. It obviously costs them money as they get a laptop bk that they can now only sell as a refurb and not as new, which i think would only be about half the price.

Derivative

Basically, you want to rent a laptop at the cost of Apple from a slip up on a form.
I believe there are a few problems with this plan.

CHR15

So you've decided it was a free three month trial of this laptop?

I'm sure am accountant understands the term bankrupt. It is also a perfectly appropriate term for your morals.

Hax

Maddy13 wrote: »

They have all my details. I dont plan to keep the laptop and not pay, i would willingly take it back if they agreed to drop the credit agreement that is wrong. It obviously costs them money as they get a laptop bk that they can now only sell as a refurb and not as new, which i think would only be about half the price.

I very much doubt that they will simply take the laptop back from you. More than likely, they will simply trash your credit record with late payment markers and defaults. See how that helps your accounting career.

Just do the honest thing and pay for the damned thing.

Next time, before you take out a loan, seek advice from a professional accountant as you clearly haven't a clue how to manage your money - I certainly wouldn't want advice from you: Yes, take out a loan on this highly depreciable item, and then pay for it over 4 years, adding in excess of 60% of the original item cost only to have it worth about 10% of the original cost at the end of the four year period.