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I need my Accountant Sugabanana

 
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DiorShowGirl View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DiorShowGirl Quote  Post ReplyReply Direct Link To This Post Topic: I need my Accountant Sugabanana
    Posted: Jan 08 2014 at 4:10am
Sugabanana..Comenity just closed my Spiegel/Newport-news account...Both cards are paid off, was never severely late on either of them maybe just 1 month but i doubled up on payments...I do know they switched over to some buyer  some rich white female who bought both of these companies and the selection/style went down hill terribly from then on...( so glad i purchased those cute shorts)..


did these companies belly up or something?...this won't affect my credit history will it when comenity closed both accounts?

ur great at this sort of information...can u please find out if this company just went out of business...dayum...dayum...dayum..

thanks Suga B.

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sugabanana View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote sugabanana Quote  Post ReplyReply Direct Link To This Post Posted: Jan 08 2014 at 5:52am

ConfusedConfusedConfused

Return Merchandise To Bankrupt Newport News, Get Sent To Collections

By Laura Northrup July 6, 2011

Late last month, the company that operates the Spiegel and Newport News women’s clothing catalogs filed for bankruptcy. There’s some very interesting background questions about why the company is bankrupt for the second time in eight years and why it’s being sold to an affiliate of its parent company. But that’s not what reader Angela is concerned about. She returned some merchandise to the catalog that she paid for with her store credit account. She sent it back several months ago, and still insist that she pay for it. This is not a practical way to get out of Chapter 11.

Four months ago I purchased $60.00 in merchandise from Newport News, it wasn’t as described and so I returned it. When my next statement came it wasn’t credited, I called and the customer rep said it would take 4-6 weeks for it to be credited back. I made my payment that month and waited for the next bill to come.

When the next bill came, it still hadn’t been credited back to my account and I called again. The call went something like this, I see that your merchandise was received and we are still processing this, your next bill will reflect the credit.

This last statement I received was from collections and the company is filling a bankruptcy. My account is now in limbo, this company will not do anything and even though I don’t owe this company a penny, they are charging me a late fee for a past due account. They are still open for business (still selling their goods), but I’m screwed if I don’t continue to pay for a bill that I don’t owe. I don’t know what my rights are, but they expect me to pay this amount for the returned merchandise.

Even though you don’t owe the money, fees and credit score damage will eat up any of this money saved on principle. Pay off the amount of that merchandise on the bill, which must be less than $60 by now. Then, follow the steps in the Consumerist Ultimate Guide to escalate within the company.

Warning: Signature Styles LLC is currently trying to get out of honoring all of their debts, including gift cards, so this will be a difficult consumer battle.

Anyone else out there having problems with Newport News or its sister catalogs since the bankruptcy?

Signature Styles Chapter 11 Case Hits a Snag [Multichannel Merchant]
Lynn Tilton Pushes Signature Styles Into Bankruptcy [Forbes]



Edited by sugabanana - Jan 08 2014 at 5:54am
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sugabanana View Drop Down
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Post Options Post Options   Thanks (2) Thanks(2)   Quote sugabanana Quote  Post ReplyReply Direct Link To This Post Posted: Jan 08 2014 at 5:59am
Nope this wont affect your credit. The company files bankruptcy and you paid your balance off. So should be fine. If you don't have another revolving account I would advise you get one and pay the balance off every month. HTH's
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Post Options Post Options   Thanks (1) Thanks(1)   Quote DiorShowGirl Quote  Post ReplyReply Direct Link To This Post Posted: Jan 08 2014 at 2:14pm
thanks  suga B...thx ever so much...wow bankruptcy...ur the BESTThumbs Up

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