The only reason this might be of concern to you is if you will be relying on your payment history with this company to improve your credit score.
They drew you in with promises of a low interest rate , got you to apply, and when they decided you didn’t qualify for the better deal, they made the switch. My son purchased two warranties within the last five years on two major brand appliances and had to use both. Do you think he’s right? Should we consider buying extended warranties? -- LynnIt’s a matter of dollars and sense, no pun intended. I wish you’d given me the figures -- the amount he spent for extended warranties compared to the repair costs.
Never forget this: Sales commissions on extended warranties are quite handsome. Why do you think that is? It’s because extended warranties are a huge profit maker for retailers. They give salespeople a big incentive to sell them. If retailers and manufacturers lost money on these warranties, would they keep selling them at the current price? No way. They’d either stop offering them or boost the price. You be the judge.My daughter colored on our TV screen with a non-washable crayon.