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Smart Shopper smart choice warranty HELP !
125 messages, Last post on Mar 10, 2008 at 9:36 AM
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| To all Smart Choice Warranty holders: I just got some great news and i'm posting it for all. I have discovered that the "provisional liquidators" from the Caymen Courts have completed the bankruptcy proceedings. Now all Creditor's (SC & E, and 3 others) have 10 days to select an administrator to handle all UNPAID CLAIMS and CANCELLATIONS. I also have been advised that a new adminitrator will be assigned to take over the remaining warranties that customers keep, at no cost to the consumer. I will update u further as my investigation continues. | |
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| Chaz1pro, This sounds like great news but what is your source for this information? The finance guy at my dealership hasn't heard anything and there hasn't been anything posted at SC&E's website at http://www.sceadmin.com | |
| FYI, the website for SC&E was slapped up there to try to appease people. The truth is, it has never been updated in any way, and I doubt they ever intended to maintain it. In fact, some of the people at Deltagroup didn't even know the website existed until recently! So I wouldn't expect to see any info there. I haven't heard about any new developments with Smart Choice but I will ask the people I know who would know. | |
| A note to all.....I'm a dealer! I too have alot at stake. I have a good reputation, a strong presence in my community, and a great sense of responsibility for my customers that have purchased Smart Choice from us. I cannot get any assistance from our Attorney General and have been doing my own investigation. I have been staying up with this with the help of Dick Piersol at the Lincoln Journal Star, our Delta Group Representative, and other key contacts. The latest information in writing is at http://www.nwig.com/Report%20to%20US%20Court%20and%20public.pdf this will assist you in letting you understand that the end is hopefull near. Also you can go to NWIG's website http://www.nwig.com/ and scroll towards the bottom for the latest updates. Good Luck to all, and lets hope for a fair resolution for all contract holders. | |
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| Chaz1pro, what's the bottom line on the Smartchoice contracts? Are they really being honored? Should the dealerships who sold them be aware of this settlement by now? Thanks.-Ken | |
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after filing a complaint with the pa. attorney general regarding my smart choice contract i received a letter which stated in part, the Bureau of Consumer Protection met with the former owners of this car dealership to review his losses and profits regarding the sale of National Warranty Corporation leases. our office remained concerned over whether the dealer may have profited from the sale of these contracts and should relinquish such profits in light of the closing of the warranty company.we have reviewed our records of the former owner of the dealership and are satisfied that his losses in addressing several dozen claims such as yours outweigh any profits made through these sales.it is our determination that further action by this office against the dealer is not feasible under the circumstances. |
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| I called Prism Solutions and the (very nice)person there told me that they are administering the contracts for several dealerships, mostly in New York, I think. They are processing claims to determine what gets covered, just like NWIG was doing before they went under. However, Prism is not actually paying any claims. That is up to the dealership. | |
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I bought my Smart Choice warranty through Consumer Automotive Consultants, and for the first 9 payments or so, it was deducted automatically from my credit card. I wonder if there is any recourse there? Also, was wondering if there really is ANY hope of getting reimbursed for this mess? How unlike ENRON is this, really? I'm sure there are a few "lucky" souls relaxing in high style, while the rest of us pay for their lifestyle! |
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Replying to: markpedley (Mar 16, 2004 2:56 pm) My contract stated "The contract is between me and the Selling Dealer" when I found out smart choice was in bankruptcy I read my contract and it had a cancellation clause. I followed the directions and sent a request for a refund. They refused so I went to small claims court. Their argument was that I had to get my refund from smart choice not them they said they had to service my vehicle but refused to refund me the money. We had a hearing on 6/15 and I just received notice they must refund me $1300 The key to winning was that my contract was with them the "selling dealer" not with SmartChoice.
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Replying to: eal (Jun 28, 2004 8:46 am)
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