Agreed.. A bit toungue in cheek on my part because I too used to have really good credit before the bottom fell out.
Virgil Bierschwale http://www.bierschwalesolutions.com http://www.jobsforourfuture.com/index.php -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of mrgmhale Sent: Thursday, May 17, 2007 2:04 PM To: profox@leafe.com Subject: RE: [NF] Dell Getting Sued by NY State Gil Hale's rules of credit. Get all you can get available for any opportunities that may require a large initial investment, so as to not appear destitute by clients. Purchase using a business credit account, pay it off using client payments for service/product, thereby denying the bank any interest. All they get is the transaction fee charged to the merchant, passed on to me, and eventually passed on to my clients. I build a nice credit portfolio, and it costs me nothing. When I rent a car I use a corporate Visa, and do not have to pay for any extra insurance. Anything I purchase has its manufacturer warranty increased by up to one additional year. Okay with me. And if I do need to get a bank of Servers, done, no problem, and no hit to my own cash flow or reserves. Gil > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED] Behalf Of Virgil Bierschwale > Sent: Thursday, May 17, 2007 2:29 PM > To: [EMAIL PROTECTED] > Subject: RE: [NF] Dell Getting Sued by NY State > > > Virgil's rule of credit. > Pay cash and tell the parasites, up yours...!!! > > Virgil Bierschwale > http://www.bierschwalesolutions.com > http://www.jobsforourfuture.com/index.php > > > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf > Of Michael Madigan > Sent: Thursday, May 17, 2007 1:25 PM > To: ProFox Email List > Subject: RE: [NF] Dell Getting Sued by NY State > > It's even worse for me. > > I bought a computer for $1500.00 at 23%. I paid it > off in a month. Somehow there was a small balance of > like $25.00 or so. In the confusion, I didn't pay the > $25.00 the next month. They closed my account. This > is now a mark against my credit. I had the money to > pay by my Visa check card at the time I bought it, but > was talked into getting a credit line by the sales > person > > > > --- mrgmhale <[EMAIL PROTECTED]> wrote: > > > I caught that article Wednesday, found it > > interesting. I actually began to > > purchase Dell equipment due to an excellent service > > experience one of my > > clients had. I do have extended service contracts > > for my Dell Servers, and > > luckily thus far have not had need to use them. As > > for the bait-and-switch > > practices of Dell's finance arm, I can see how one > > could be confused by > > their finance terms. I recently ordered a Dell 1900 > > Server for a client. I > > was going to purchase it using my corporate Visa, > > and pay that off upon > > receiving payment from my client. The sales rep > > advised I could get 2% off > > the purchase price if I were to use a Dell Small > > Business loan instead. As > > long as I paid the loan within 60 days there would > > be no interest charge > > (same as cash), The discount was less than $50, but > > my clients (car > > dealerships) are watching each penny in the current > > market, so I agreed to > > let her get me set up with a business loan. I did > > qualify for a tax free > > reseller's transaction, so I also avoided a > > double-tax bump on the > > transaction. > > > > Well, the Dell Small Business loan eContract came > > through, and going through > > the finance approval process delayed the Server > > build by 2 days. When I > > received the eContract it stated there was a $75 > > processing fee, and if I > > did not pay the balance within 60 days there would > > be a 19% interest rate. > > The interest rate, although it is going to be a > > non-issue for me, really > > surprised me because my credit rating is extremely > > strong, and I am used to > > getting rates under 8% for pretty much any credit > > offer for a business > > related matter. But the $75 processing fee really > > ticked me off as it would > > pretty much eat up every bit of the expected 2% > > savings and more. All that > > would have happened is the amount "saved" via the > > discount would move to > > another pocket other than mine or my client's. > > > > I called and diplomatically asked about the $75 > > processing fee. The Sales > > Rep then told me that only applied if I did not pay > > within 60 days. We will > > see. It was not disclosed to me in advance, and if > > it turns out I get hit > > with that fee anyway there is going to be hell to > > pay - just because I will > > feel rather abused. At best the fee should have > > been disclosed, whether it > > would have affected me or not. BTW, I have not yet > > received the first > > statement for that business loan (20 days and > > counting), so it is not yet > > paid. I am hoping to get the statement in time to > > pay it off in one payment > > before the initial 60 day period. I had no reason > > to be so suspicious of > > Dell at the beginning of that transaction. But that > > $75 processing fee "oh, > > by the way" really got my attention. Now I feel I > > need to watch for any > > potential ambush. Shame, such a silly > > misunderstanding that could have been > > pre-explained - and I advised the sales rep of that > > recommendation. > > > > Gil > > > > > -----Original Message----- > > > From: [EMAIL PROTECTED] > > > [mailto:[EMAIL PROTECTED] Behalf Of > > Michael Madigan > > > Sent: Thursday, May 17, 2007 3:47 AM > > > To: [EMAIL PROTECTED] > > > Subject: [NF] Dell Getting Sued by NY State > > > > > > > > > > > > > > > > > > http://www.nytimes.com/2007/05/17/business/17dell.html?ref=technology > > > > > > > > > [excessive quoting removed by server] _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
