Opportunity at work

AP007

Dogger69 wrote: »

No, they will add charges to the debt, and eventually sell the debt on to a collection agency. Remember interest free credit has been about for many years, the stores and the lenders are both winners from such an offering.

The only way I can think of the finance co making money on Interest Free is if the item with the interest free finance on it is not as expensive as they say it is.

Therefore imagine a sofa £4000, paid to say D*S by a finance co.

You pay the finance co £4000 and then D*S pay the finance co a percentage of this as it never was £4000 to begin with

03jatkin

oldgrumpygit wrote: »

Typical sales technique

Promise something you can't deliver :cool:

I'm always smiling believe it or not, not all salespeople are the spawn of satan (although I know a few)

03jatkin

AP007 wrote: »

and if the customer wont pay or cant pay the finance company will soon stop their relationship with the stores in question

Actually with the amount of orders and personal loans that get put through most finance houses are fighting to be able to offer it through the company.

03jatkin

AP007 wrote: »

The only way I can think of the finance co making money on Interest Free is if the item with the interest free finance on it is not as expensive as they say it is.

Therefore imagine a sofa £4000, paid to say D*S by a finance co.

You pay the finance co £4000 and then D*S pay the finance co a percentage of this as it never was £4000 to begin with

I would imagine the company would pay an amount per deal but get it at a subsided rate as they provide so many each day, so the finance company makes money too.

harrys_dad

03jatkin wrote: »

I would imagine the company would pay an amount per deal but get it at a subsided rate as they provide so many each day, so the finance company makes money too.

So it is exactly as I said several posts ago, the "free finance" is actually included in the artificially raised price

Let us also not forget that those of us who read the debt free wannabe board know that many people have trouble paying off these agreements and end up with all sorts of extra charges.

oldgrumpygit

03jatkin wrote: »

I'm always smiling believe it or not, not all salespeople are the spawn of satan (although I know a few)

I didn't suggest that they were.

Simply that it is a typical sales technique to promise something that can't be delivered, just as you have done.

03jatkin

oldgrumpygit wrote: »

I didn't suggest that they were.

Simply that it is a typical sales technique to promise something that can't be delivered, just as you have done.

Well I always try and be honest and only tell people the truth, my family's background is a family run business and we got the majority of our business from repeat custom from great service so I try and do the same even now.

oldgrumpygit

03jatkin wrote: »

Well I always try and be honest and only tell people the truth, my family's background is a family run business and we got the majority of our business from repeat custom from great service so I try and do the same even now.

But not on this forum.

03jatkin

I don't understand how I've not been truthful?

Catherine_Johnson_2

To go back to the OP, why don't you make contact with all the customers who have bought from the store in the past 12 months and find out their opinions on your store, your furniture, how they were treated etc. Would be better than asking on here - we've got no idea what your shop, customer service or products are like.