Crown Jewelers Threat!

[Anonymous]

Ok, So I just made my last payment on an over priced Fossil watch and at the bottom of my payment conformation it says:

---

@Anonymous Jewelers wrote:

You will be mailed a statement every month at the above address given by you or last address we have on file. However not receiving a statement does not exempt you from making your monthly minimum payment due every month. Not making a payment OnTime, each and every month, can adversely effect your credit rating. Crown Jewelers also reserves the right to repossess all unpaid merchandise without notice, if your account is delinquent. I agree that I have received a copy of the charge agreement and understand the terms of the agreement and promise to abide by its terms. I have read and agree with the CrownJewelers.com's return policy. Most orders are shipped within 2 to 4 business days. If your order cannot be shipped within 2 to 4 business days you will be notified via email.

---

Thats scary! How are they going to repo jewelry without notice? They must have supernatural powers.

[Anonymous]

That's OK, most of it will disintegrate before you can default on it.

CJ sells credit, not quality. Like Credit Won and a couple others, they are basic re-building blocks and should not be expected to be useful for long if you are having success at your goal.

I agree it would be interesting to see how their repossession process works. Do they send you an envelope? LOL

Edited because my spelling sux.

Message Edited by contractor on 09-04-2008 08:56 PM

[fishbjc]

Fossil does make a darn nice watch!!!! 

[valley_man0505]

Don't ever make a late payment with them if you value your wallet.  My first $25 payment was due 8/29 and I completely forgot about it (I never received any reminders either).  I logged on today to make the payment, and I was charged a $25 late payment fee.  My account balance was only $33 so the late fee nearly doubled my balance!

[Anonymous]

---

@fishbjc wrote:

Fossil does make a darn nice watch!!!! 

---

Agreed, probably their best product line but I would check their pricing against the Internet. Random check found the same watch they want $154.00 for at $116.00. Paying dearly for that credit.

Edited because my spelling sux

Message Edited by contractor on 09-05-2008 05:25 PM

[valley_man0505]

I really wish this guys didn't provide me with such a good opportunity to lower my utilization, because they are REALLY making me angry otherwise.

You will see in my post above that I got nailed with a $25 late fee for being 4 days late on my very first monthly payment.  I never received any reminders and just plain forgot.  FYI...apparently you have a 3 day grace period before the $25 is added on.

Now, to make matters even worse, they called me at my place of employment today demanding last month's payment.  I work in an office where everyone else can here my phone conversations since we are in cubicles and any calls that come in are on a central line where the company name shows up on the ID.  I explained 4 times that I already made my payment but the CSR kept saying, "Sir, would you like to make your payment by phone?" (which has a huge fee as well by the way).  Then, I would tell him again that I made my payment and he would say "I need you to make your payment right now" and this just kept on going before he finally listened to what I was saying.  It's a good thing there is nothing in their catalog that I would actually want, cuz they won't be getting any more business from me unless I need to buy the cheapest thing available again down the line to keep the acct open.

[Anonymous]

I have not received my first month bill i was told they are due at the end of the month i'm still waiting on mine.

[n2win]

You can go to their website and check your account, it will show your payment info.

My little purchase is almost paid off, I only remember getting one bill, or maybe that was the card??

Pretty sure I didn't get a bill for the first payment due, just went to the website and paid via Paypal...

I love managing everything online

[Tons_of_Debt]

Scary, I haven't even received a statement from them yet!!!

[Anonymous]

---

n2win wrote:

You can go to their website and check your account, it will show your payment info.

---

Might just do that if i don't get a bill by the end of the week i'm just gonna make a payment online.