26 December 2008
Ihop restaurant
Posted by socialdecline under: Uncategorized .
Got a gift card for Christmas? Use it ASAP
Filed under: Cards, Shopping, Bankruptcy
check out the story i did in requital for creditcards.com about what to do if you give or receive a forte card from a bankrupt retailer. this idea was spurred by a linens n’ things gift card i received from my brother-in-law. i had left it lying around for the sake months and finally used it only after hearing that the retailer was closing its stores. i couldn’t use it online so i had to go out and find a store. the nearest one was a mess as bargain-hunters and beside oneself gift-pasteboard recipients like me stormed the shelves. i bought the retail value but couldn’t shake the feeling that i wasn’t getting my money’s worth because i had shopped “stale” merchandise that had been picked though multiple times.the gifting of retailer gift cards is on the decline, but $60 billion value of them will still be bought this year. all the experts i spoke to said that if you do receive a give-away card for the holidays, use it asap.kb toys will probably not be the last drop in the bankruptcy bucket — january and february are the two months when most retail bankruptcies are declared. if you do plan to believe a gift postal card, do so with your credit file card because you may get reimbursed by your carte de visite issuer if the purchase goes bad. if you can’t use your talent window-card, don’t expect much stop from the bankruptcy court or your state’s attorney run-of-the-mill — your $50 greetings card pales in comparison to a creditor like ibm owed $50 million for its tech supplies. silence, as retailers keep falling redress and left, congress may have to change the bankruptcy laws for charity cards so paying customers aren’t the ones left holding an unused bag.
Got a gift card for Christmas? Use it ASAP originally appeared on WalletPop Blog on Thu, 25 Dec 2008 10:00:00 EST. Please see our terms for use of feeds.
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