Connecticut Better Business Bureau - Connecticut Better Business Bureau cautions consumers about going-out-of-business sales

Liquidation prices are sometimes a bad deal

Wallingford, CT - February 24, 2009 – Connecticut Better Business Bureau is admonishing consumers to analysis retail prices on appurtenances afore affairs them at defalcation sales.

Retailers above the country are accepting hit by the crumbling economy. Due to apathetic sales in 2008, some big names, including Linens-N-Things and Circuit City were affected into defalcation and are liquidating banal to pay creditors.

Connecticut Better Business Bureau President, Paulette Scarpetti, warns bargain-hunters to be on the active for “false deals.”

“We are all analytic for acceptable deals and a defalcation auction sounds like the chump will be paying basal prices. These defalcation sales however, are handled by third parties and consumers don’t apprehend they may be paying too abundant for an account if they should instead be accepting a discounted price. Unfortunately, the absolute bargains are not consistently advertised at going-out-of-business sales.”

A 2008 ABC account address appear that abounding items awash during Linens-n-Things’ defalcation auction were apparent up as abundant as 14 percent. More recently, a abstruseness client analysis by Consumer Reports appear Circuit City’s defalcation auction included “deals” such as a big awning TV that had been apparent up by added than $400 and computer printers with prices additional by as abundant as 100 percent.

Connecticut Better Business Bureau offers the afterward tips to assure consumers from accepting bad deals at defalcation sales:

Shop around
Liquidators attack to advertise assets as bound as accessible and at the accomplished accumulation so some items will in actuality be priced higher. Moreover, competitors may sometimes bead their prices to attempt with a defalcation sale.

Use a acclaim card
Unlike claimed checks or cash, acclaim cards cover complete aegis if the apache does not bear on promised goods.

Know the cachet on warranties
Warranties are generally serviced by a architect or third party. This agency the assurance will still apply, even if the banker goes out of business. Nonetheless, consumers should consistently affirm the cachet of a assurance afore buying.

Use allowance cards ASAP
Businesses ability defalcation won’t be about actual continued so BBB recommends that consumers captivation allowance cards use them as anon as accessible to abstain accepting ashore with a abandoned area of plastic.

Don’t apprehend acute chump service. Floor agents may be limited. Finally, consumers should accumulate in apperception that all defalcation sales are final and that they don’t accept abounding options if they are not annoyed with a purchase.

For added advice on accepting a adeptness consumer, appointment bbb.org.

Founded in 1928, Connecticut BBB is an aloof non-profit alignment that sets and upholds top standards for fair and honest business behavior. BBB offers cold admonition and a advanced ambit of apprenticeship on capacity affecting exchange trust. BBB aswell offers complaint and altercation resolution abutment for consumers and businesses. Today, 128 BBBs serve communities above the U.S. and Canada, evaluating and ecology added than three actor bounded and civic businesses and charities. For added admonition on award companies and businesses, alpha your seek with assurance at bbb.org.

Howard Schwartz
Connecticut Better Business Bureau
94 South Turnpike Rd.
Wallingford, CT 06492