Product Promotion Network

2017

What happens if Toys R Us goes bust?

The future of Toys R Us in the UK has been plunged into doubt, which could be bad news for parents who have already picked up Christmas presents from the popular children’s retailer. Although it’s the busiest time of year for many shops, and Toys R Us is a shopping staple for many parents, the retailer is facing serious financial trouble. This comes after the Pension Protection Fund (PPF) ordered the company to put GBP9m into its pension fund, as well as to reach a deal to restructure its finances to sort out the debt it owes by Thursday 21 December 2017.

It was previously announced that 26 of the UK’s Toys R Us stores would close, but failure to reorganise its debt could mean that the whole company goes into administration. Roughly 3,200 jobs are at risk if Toys R Us files for bankruptcy (as it already has in the USA and Canada), but there’s also a risk to shoppers. While a spokesperson from Toys R Us has said: ‘there will be no disruption for customers shopping through the Christmas and New Year period’, it’s important to know your rights if the company goes under, as it could affect returns, gift cards and faulty goods.

Download our free consumer rights guides[1] which can help resolve your shopping problems.

Your rights when a company goes into administration

Knowing your rights will help you to get what you deserve if any company goes into administration. A time like this can be an administrative nightmare for the company, so it may be less helpful than you would like or expect. Many of your rights aren’t valid when a company is in administration, but it’s always worth trying to get your money back.

  • If you want a return or exchange

Your right to a return depends what the administrator who takes over the company decides to do.

It’s the administrator’s job to save the company money, so it may decide not to accept product returns. If there’s nothing wrong with the item, you may not be able to return it. In this case, you could try complaining in writing[2].

  • If it’s faulty

Usually you are entitled to return an item for a refund or exchange if it’s faulty, but this is invalid if the company goes bust.

However, if you paid for items worth less than GBP100 on a credit or debit card, you may be able to claim your money back under chargeback[3]. If it’s worth more than GBP100 and you paid on a credit card, you can claim the money back with your card company under Section 75 of the Consumer Credit Act[4].

  • If your order doesn’t arrive

Again, if you paid more than GBP100 on a credit card, you can claim from your credit card company under Section 75. If you paid less, or with a debit card, the company can decide to stop accepting chargeback claims, so you may lose out.

In this case, we’d recommend writing to the administrator to complain[5].

  • If you give or receive gift vouchers

Companies in administration sometimes stop accepting gift cards, so this depends on what the administrator decides to do. This is within the law, but if the retailer refuses to honour your gift cards, wait a few days to see if it changes its mind. If not, you need to make a claim in writing[6] with proof of your vouchers.

There’s no guarantee this will work, and it could take 12 months to be processed.

We’ve also got more advice on what to do if a company goes into administration[7] and how to complain if a company goes bust[8].

References

  1. ^ free consumer rights guides (www.which.co.uk)
  2. ^ complaining in writing (www.which.co.uk)
  3. ^ chargeback (www.which.co.uk)
  4. ^ Section 75 of the Consumer Credit Act (www.which.co.uk)
  5. ^ writing to the administrator to complain (www.which.co.uk)
  6. ^ in writing (www.which.co.uk)
  7. ^ what to do if a company goes into administration (www.which.co.uk)
  8. ^ how to complain if a company goes bust (www.which.co.uk)

Cheap4uk 1Pc 2017 Hot Sale Cute Charming Mini Wood Train Christmas Xmas Ornament Decor Gift Toys For Children Kids Toys (Green) – Discounted

Cheap4uk 1Pc 2017 Hot Sale New Cute Charming Wood Christmas Xmas Train Ornament Decor Gift Toys For Children Kids Toys

Product Feature: One Set Wooden Christmas Train . Made of wooden with color painting. This train set include 4 parts, which in connected by hooks. Can be used as decorations of festivals, parties, Holidays. As decorations in the Christmas Trees or venue decoration and so on.

Product Specification: Material: Wooden. Color: White, Red, Green Dimension: 22 x 2.6 x 5.3cm/8.7 x 1.0 x 2.1inch Occasion: Christmas, Festival, Party, etc. Package Content: 1 x Wooden Christmas Train Set

Note: Due to the difference between different monitors, the picture may not reflect the actual color of the item. We guarantee the style is the same as shown in the pictures, but not the same performance on different bodies as on the model. Thank you!

Any problem or want to know detail ,please contact us without hesitate!

  • SIZE: 22 x 2.6 x 5.3cm/8.7 x 1.0 x 2.1inch.
  • SAFE AND DURABLE: Made with high-quality wood and environmental protection paint , the fun, bright cartoon will delight kids of all ages.
  • A GREAT GIFT – Looking for a great gift for your nephew, niece, kid, grandchild etc? This is the perfect gift that any kid would LOVE receiving on their birthday, Christmas, school graduation or just as a nice treat.
  • PACKAGE INCLUDE:Consists of 1 Engine and 3 “Carriages” with Presents and Characters. Great for your kids or your friends baby as a Christmas gift .
  • APPLICABLE SCOPE: festive supplies for Christmas activities, parties and other occasions; you can give it to children as a gift; the product is an ornament and it can not be pulled to move.

List More: Sale Products

Cheapest 0% balance transfer deals for a decade

The cost of shifting credit card debt onto a 0% balance transfer credit card[1] has fallen to the lowest level in over a decade according to new analysis, which means it’s a great time to act if you’ve got multiple balances to move. The Moneyfacts UK Credit Card Trends Treasury Report reveals the average balance transfer fee fell from 2.29% in December 2016 to 2.03% in December 2017 – the lowest since October 2006 when the typical cost was 1.82%. Which? takes a look at why smaller balance transfer fees are good news for those looking to move credit or store card debt from multiple cards and picks out the cheapest longest-lasting 0% balance transfer options to go for.

Why balance transfer fees matter

A 0% balance transfer credit card[2] is a great tool to cut the interest you pay on exiting credit or store card debt. They allow you to move balances from expensive credit or store cards and freeze the interest for a set period. This gives you the chance to pay the debt down in a manageable way and ensures all your payments go towards clearing what you owe.

  • Find out more about 0% balance transfer cards and how they work in our guide[3]

However 0% balance transfer deals typically attract a balance transfer fee for the privilege of helping you tackle debt, which can be as high as 3.49%.

This is a one-off charge that applies to each balance transfer you do, so if you have debt you want to move from multiple cards, the costs can really add up. The table below shows what GBP4,500 worth of debt on three separate cards would cost to shift onto a 0% balance transfer deal with a 3.49% fee and a 2.03% fee.

Cost of moving onto a 0% balance transfer card with 3.49% fee Cost of a 0% balance transfer card with 2.03% fee Card one: GBP2,000 balance GBP69.80 GBP40.60 Card two: GBP1,500 balance GBP52.35 GBP30.45 Card three: GBP1,000 balance GBP34.90 GBP20.30 Total cost GBP157.05 GBP91.35

How to find the best 0% balance transfer deal

When shopping for a 0% balance transfer credit card you should consider the length of the 0% period and the size of the balance transfer fee. In general, the longer the deal lasts, the higher the fee will be.

But sometimes there’s no rhyme or reason to fees so it’s better to try and find a deal that fits your situation. You can do this by working out how much debt you need to shift from your credit card/s and store card/s and then divide the total amount by what you can afford to repay each month. This will give you your ideal 0% period, which you can use to help you shop for a card with the smallest balance transfer fee.

So if you had GBP4,500 worth of debts and could afford to repay GBP150 a month you would need a card with a 0% period lasting at least 30 months.

The cheapest longest-lasting 0% balance transfer deals

Here are the longest-lasting 0% balance transfer credit cards on the market right now with fees under 1%. We’ve ordered the table by length of the 0% period. *GBP3 monthly fee

Source: Which? Money Compare[4] Which?

Limited is an Introducer Appointed Representative of Which? Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 527029). Which?

Mortgage Advisers and Which? Money Compare are trading names of Which? Financial Services Limited.

References

  1. ^ 0% balance transfer credit card (moneycompare.which.co.uk)
  2. ^ 0% balance transfer credit card (moneycompare.which.co.uk)
  3. ^ guide (www.which.co.uk)
  4. ^ Which?

    Money Compare (moneycompare.which.co.uk)

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