Appliances and Sears Credit Card

[broken64]

I only know about the Sears stuff regarding our good friends that had their 341 same day as ours. They had charged alot of things from Sears and a few other companies. Sears is the only company fighting them with all of this. Our friends told us that Sears was taking them to court, bk halted that, however, there is still alot of problems on that area according to them, Sears is still persuing the issue. I only know what they are going through, I can't even tell you how much they charged with Sears. Although we discuss some of our bk issues with each other, they didn't come out with how much or what they got, and I didn't want to pry too much. I wouldn't worry too much about it though because it doesn't sound like you had gotten too much from them and the length of time since you made any purchases seems long enough also. Good luck to you.

[AfraidOfBK]

last year we purchased a rather expensive high end vaccum for our family (who has terrible allergies, and a daughter with lung problems)

It cost 2100 dollars. It was financed through the sales guy on a wells fargo mastercard. Is this a case where they could try and "repossess" the vaccum? I have only made a few small, random payments on it since it was one of those no interest no payments till june of 2009 deals.

opinions anyone?

[JoeBankrupt33]

It seems like the purchases on the Sears Gold Mastercard are not secured because this is a regular credit card.

As for the Sears Charge Plus card, these could be considered secured, but the likelyhood that they will actually take your appliances is low because they cannot do anything with them.

I had the same situation in 2001 with a Lowe's store card. We never even heard a peep from them. We did, however, hear from a furniture store, and they sent us a letter requesting us to set up a time for them to get our furniture. We talked to our lawyer at the time, and he said it was a bluff. He was right, we ignored it and didn't even get a second letter.

[BkinTX]

I searched the forum and have found some similar topics but nothing that really answered my question so here I am...

We purchased a washer, dryer, fridge, stove, and microwave at Sears a little over a year ago. These were all either the least expensive or very close to the least expensive available.

The purchases are split between two different cards.

The first is a Sears Charge Plus (store card).

$947 for a stove. $1263.23 for a washer and dryer. Prices include protection agreement. We got a deal for 1 year no payments. We have made maybe a couple of payments on this card.

We never dreamed last year when we bought these that we would be filing bk. This was not intentional.

The other card is a Sears Gold Mastercard.

$1,250.13 for a fridge. 129.88 for a microwave. Prices include protection agreement. We made regular payments on this card.

We listed these items in our household goods. It had previously not occurred to me that they could repo these items since it's unsecured debt, but reading on this site has made me fear that these items are a special case (store card) and they could be repossessed.

We NEED these items -- or at least we need a w&d, fridge, and stove (microwave is pretty important too!).

Any chance Sears is going to want to take these household appliances?