I recently ordered a sofa on living.com and paid a deposit of $300 on my Discover card. Now they send me an e-mail saying that the compoany has ceased operations, will not be able to fulfill my order or help me with recovering my deposit as they will be filing for bankruptcy. I called Discover and they are "investigating" this. Is there any way I can get back my money through Discover? I am not too familiar with what credit card agreements cover. I have a Platinum card.
RE: Company bankruptcy- I am t Sheila: You can call Discover and tell them you want a charge back done on that transaction ASAP, A credit card company can easialy get your money back if a merchant fails to deliver their product or service, I dont know how it would work if the company goes bankrupt thouugh so you better hurry. Good luck. Regards, Alex ----------------- Bad Credit? No Credit? Let Us Help! http://www.Creditinsiders.com
RE: Company bankruptcy- I am t It doesn't matter if the company goes bankrupt. Your agreement is between you and the card issuing company, and it is governed by federal laws. And these laws protect you against this kind of problems... What you have to do is call Discover and tell them you want to dispute that item. Then, you have to send them a dispute letter... use certified mail if possible. Read credit faq, also available at http://netlabs.net/hp/sorin
RE: Company bankruptcy- I am t Can you tell me what laws you are referring to? I don't know what to put in the dispute letter. That I am not going to receive my sofa and therefore I think that the credit card company should reimburse me? Somehow it just doesn't sound right. Although I wish that this could be the case...
