Why Not Lease It Sears, Kmart Why Not Lease It affiliated with Sears and Kmart SCAM Manchester NH
Back in late November 2013 while employed by a "Why Not Lease It" affiliate, I thought I would take advantage of what sounded like a great deal.
I was approved by "Why Not Lease It" for up to $400 for whatever I wanted to use it for. While I had applied at Kmart, I was able to go to Sears to use my approved lease amount.
As it states, "Why Not Lease It" means exactly that... you don't end up owning anything! About a month after starting my lease, I realized this. So I decided I would contact "Why Not Lease It" to have the exercise equipment picked up once my contract was fulfilled. This was mid March 2014.
After an email to "Why Not Lease It" in regards to ending my fulfilled contract and picking up the equipment, I was informed I would be charged my bi-weekly payment. I called "Why Not Lease It" to ensure the payement was stopped and to make arrangements for a pickup of the equipment.
While I was not charged, "Why Not Lease It" claimed to have called to make an appointment in order to pickup the equipment, this never happened.
Almost 90 days later, I was charged and unfortunately this put my bank into overdraft. I called and had the charge reversed but the bank was not at fault, thus I was out almost $50.
It's been almost a month again since any contact from "Why Not Lease It", I suspect I will be charged on short notice and at this point I have taken steps to start a class action law suit.
They are short on the phone and seem to have no interest in making the customer happy.
1 Updates & Rebuttals
Dream Shatterer
California,You Almost Made a Point
#2General Comment
Wed, December 10, 2014
Why Not Lease It is a 'lease to own' finance program, therefore in fact, you do end up owning the merchandise. I spent exactly $400.00 at a Kmart and only ended up paying $580.00 total over the course of about 6.5 months. They even reported my credit. In their contract, it states that you need to make the 'minimum term' payments, which is roughly 90% of the cost of the deal, before you get the option to return merchandise.
How do we know you actually made the minimum term payments? How do we know you just aren't making your payments on time which is why they take them as they see fit, something most collections companies do when you dont pay on time?
It's a shame someone who used to work at a place this program was offered at wasnt familiar enough with it to take advantage of it (and if there were pitfalls, how to avoid them). Also, since you were a Kmart employee, wouldnt you have gotten an employee discount on the merchandise as well as the purchase price anyway? I had a friend who used to work at a Sears, where Why Not Lease It is also offered, and they got something like 10% off the merchandise and 15% off the purchase price.
For someone with not quite the best credit, Why Not Lease It is a no brainer.