If you live in the US, I am sure you have heard of Blue Hippo which in reality offers a layaway plan for those that wish to have a computer. This is a SCAM. No, I never got it, but that is because this “program” is so outrageous, it is not funny. They prey on people with bad credit, and low income. I went to the Blue Hippo’s web site, and come across a number of disturbing features. Let’s look at these disturbing features.
First is time. They can hold the computer you are paying for up to 52 weeks unless you pay it off quicker. If you make 6 – 13 consecutive payments, they might offer financing for the remainder. I am sure this financing has interests, and anyone with bad credit would of course have high interest. Maybe it’s not interest bearing, but for the cost, it doesn’t matter much. If you are like me, and get income only once a month, these convenient weekly charges could be painful financially. So, provided you have to wait 3 months (4 x 13 weeks = more than 3 months), you would have paid at least $286. You still have to finish it off, and you can only hope they would finance the remaining charges. Continue reading Blue Hippo Attracts Idiots