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Cellular Phone Forum / Providers / Sprint PCS / August 2004Interest on DEPOSITS?
WHERE the money is being held, the duration of nor the interest paid; was not disclosed in the following QUESTIONABLE (please do not-reply) response: Please do not reply to this email address. This email address is not monitored for replies. ORDER NUMBER: 431419306 SHIP TO ADDRESS: Johann Backer 2010 Miami St South Bend IN 46613 Good news! Sprint PCS has approved your order for wireless service with a refundable deposit of $125 per phone. In order to complete your order, all we need you to do is provide us with payment information in order to collect the payment. TO PAY YOUR REFUNDABLE DEPOSIT AND SHIP YOUR PHONE: Click below to enter payment information. http://www.wirefly.com/ccupdate.asp?1=132163165173167180&2=118117115118115123117 114120&partnerurl=aaavirtual6 If you do not wish to pay your deposit and ship your phone, no reply is necessary. Please be aware that this is a deposit, it is not a fee. Your deposit will be returned to you by Sprint PCS at the end of your first year of service provided you pay your bills on time each month. Unless payment is provided, we have suspended further processing of this order for wireless service with Sprint PCS. We appreciate your business. Sincerely, 4Phones.biz Customer Relations Department Questions? Please visit http://www.whereismyorder.com for detailed information on your order and answers to frequently asked questions. You may obtain a free copy of your credit report by contacting one of the agencies listed below within sixty (60) days from the date you receive this notice. You have the right to dispute with the agency the accuracy or completeness of any of the information in your credit report. Equifax Transunion Experian P.O. Box 105873 P.O. Box 1000 P.O. Box 2002 Atlanta, GA 30348 Chester, PA 19022 Allen, TX 75013 (800)685-1111 (800)888-4213 (888)397-3742 > WHERE the money is being held, the duration of nor the interest paid; > was not disclosed in the following QUESTIONABLE (please do not-reply) > response: A reply from them: There is not interest paid on a deposit. Sincerely, J. Sweeney Customer Relations Department > WHERE the money is being held, the duration of nor the interest paid; was > not disclosed in the following QUESTIONABLE (please do not-reply) response: Soo... ummm... you have a question? Yes, SPCS requires a deposit in some cases. At the end of a year, assuming an account in good standing, SPCS will pay it back. You appear to be intending to ask a question, but I don't see that you ever actually asked it.  SignatureRØß O/Siris ~+~ "A thing moderately good is not so good as it ought to be. Moderation in temper is always a virtue, but moderation in principle is always a vice." Thomas Paine, "The Rights of Man", 1792 >> WHERE the money is being held, the duration of nor the interest >> paid; was not disclosed in the following QUESTIONABLE (please do [quoted text clipped - 4 lines] > standing, SPCS will pay it back. You appear to be intending to ask a > question, but I don't see that you ever actually asked it. The QUESTION was asked in the subject line. The answer was made in the first follow-up (from an email received after posting): they do NOT pay interest on required deposits. Perhaps you have some additional information on interest being paid on deposits? They should pay you for having bad credit? Maybe they should charge higher rates for those that need a deposit to pay that interest? > RØß Vargas wrote: > [quoted text clipped - 14 lines] > Perhaps you have some additional information on interest being paid on > deposits? > They should pay you for having bad credit? Maybe they should charge > higher rates for those that need a deposit to pay that interest? Those who do not posess reading comprehension in the english language should not attempt making a comment. His comprehension is right on - try Verizon and see how much more they require for a deposit. Sprint has the lowest deposit requirements for those with bad credit than any other major carrier. > > They should pay you for having bad credit? Maybe they should charge > > higher rates for those that need a deposit to pay that interest? > > Those who do not posess reading comprehension in the english language should > not attempt making a comment. >>> They should pay you for having bad credit? Maybe they should charge >>> higher rates for those that need a deposit to pay that interest? >> >> Those who do not posess reading comprehension in the english >> language should not attempt making a comment. > His comprehension is right on - try Verizon and see how much more they > require for a deposit. I have. Some require $400.00. > Sprint has the lowest deposit requirements > for those with bad credit than any other major carrier. That fact was never disputed. When I lived in Tampa, GTE (now Verizon) paid interest on deposits. A move to South Bend: Ameritech (now SBC) paid interest on deposits and SBC still does. A reply from them: "There is not interest paid on a deposit", indicates that not only do they NOT pay interest on deposits--- they have also outsourced their CS Support to a fourth world country. "Not" instead of "no" is improper word usage. > A reply from them: "There is not interest paid on a deposit", indicates that > not only do they NOT pay interest on deposits--- they have also outsourced > their CS Support to a fourth world country. "Not" instead of "no" is > improper word usage. Wow. That's a useless analogy. Sprint has closed some of its call centers but I don't think they've moved any call center functions offshore. Do you really think all Americans speak perfect English and speak without an accent? If so, I have some news for you... SignatureJustThe.net Internet & New Media Services, http://JustThe.net/ Steven J. Sobol, Geek In Charge / 888.480.4NET (4638) / sjsobol@JustThe.net PGP Key available from your friendly local key server (0xE3AE35ED) Apple Valley, California Nothing scares me anymore. I have three kids. >> His comprehension is right on - try Verizon and see how much more they >> require for a deposit. > > I have. Some require $400.00. With that qinning attitude, I'm sure your credit is stellar. ;) > That fact was never disputed. > > When I lived in Tampa, GTE (now Verizon) paid interest on deposits. > A move to South Bend: Ameritech (now SBC) paid interest on deposits and > SBC > still does. Then go to Verizon, or to SBC-owned Cingular. I'm sure that your $400 deposit will go much father on the 0.7% premium APY that most banks are offering for money market accounts, than would your $125 deposit with Sprint. Or, you could just write off the whole 87 cents that Sprint would have given you on a year's interest on that $125 deposit. >> They should pay you for having bad credit? Maybe they should charge >> higher rates for those that need a deposit to pay that interest? > > Those who do not posess reading comprehension in the english language > should > not attempt making a comment. Nor should they be asking "questions," especially when they seem to answer those questions on their own. >>> They should pay you for having bad credit? Maybe they should charge >>> higher rates for those that need a deposit to pay that interest? [quoted text clipped - 5 lines] > Nor should they be asking "questions," especially when they seem to > answer those questions on their own. There is no "seem" to it. I sent a followup on what I had received since the post. THAT is referred to as--- courtesy. I comprehended that a deposit was required from you. I comprehended that you wanted interest paid to you on that deposit. Comprehend that I do not think interest should be paid on deposits. >>They should pay you for having bad credit? Maybe they should charge >>higher rates for those that need a deposit to pay that interest? > > Those who do not posess reading comprehension in the english language should > not attempt making a comment. > I comprehended that a deposit was required from you. I comprehended > that you wanted interest paid to you on that deposit. Comprehend > that I do not think interest should be paid on deposits. And do you comprehend that I live in the USA? If so, then you know that full disclosure is required? > > I comprehended that a deposit was required from you. I comprehended > > that you wanted interest paid to you on that deposit. Comprehend [quoted text clipped - 3 lines] > > If so, then you know that full disclosure is required? Full disclosure does not mean itemizing things that WON'T occur. >> > I comprehended that a deposit was required from you. I comprehended >> > that you wanted interest paid to you on that deposit. Comprehend [quoted text clipped - 5 lines] > > Full disclosure does not mean itemizing things that WON'T occur. If I'm not mistaken, whether or not interest is paid on a security deposit is up to each state legislature. SignatureJohn Richards > >> > I comprehended that a deposit was required from you. I comprehended > >> > that you wanted interest paid to you on that deposit. Comprehend [quoted text clipped - 8 lines] > If I'm not mistaken, whether or not interest is paid on a security deposit > is up to each state legislature. Only for state regualted utilities. Well, seeing as you have to have a US address to get Sprint PCS service, I kind of thought you did live in the USA. I do too. You were told it was a deposit. You were told how much it was. You were told it was until you have paid your bills on time for 12 straight months. I understand that is all you are *required* to be told. And I do not think there should be any further requirements. I too am wondering how those non Sprint PCS address figure in? >>>I comprehended that a deposit was required from you. I comprehended >>>that you wanted interest paid to you on that deposit. Comprehend [quoted text clipped - 5 lines] > > Full disclosure does not mean itemizing things that WON'T occur. > They should pay you for having bad credit? Maybe they should charge > higher rates for those that need a deposit to pay that interest? Some companies, if they require a deposit, will pay interest. Why should they not pay interest? I guarantee you that until the end of the deposit period, the bank account your deposit sits in is generating interest for the company. SignatureJustThe.net Internet & New Media Services, http://JustThe.net/ Steven J. Sobol, Geek In Charge / 888.480.4NET (4638) / sjsobol@JustThe.net PGP Key available from your friendly local key server (0xE3AE35ED) Apple Valley, California Nothing scares me anymore. I have three kids. >> Soo... ummm... you have a question? Yes, SPCS requires a deposit in >> some cases. At the end of a year, assuming an account in good >> standing, SPCS will pay it back. You appear to be intending to ask a >> question, but I don't see that you ever actually asked it. > > The QUESTION was asked in the subject line. So your question was "Interest on DEPOSITS?" Uhh, what about interest on deposits? If you're going to ask a question, make sure you at least use complete sentences. And it's also helpful is you ask your question in the message body, instead of the subject line. > The answer was made in the first follow-up (from an email received after > posting): they do NOT pay interest on required deposits. Yeah, I noticed that after I posted. I don't generally read responses before I respond. Sorry for missing the question. You've been given the answer, though. SignatureRØß O/Siris -+- "A thing moderately good is not so good as it ought to be. Moderation in temper is always a virtue, but moderation in principle is always a vice." Thomas Paine, "The Rights of Man", 1792 > > The answer was made in the first follow-up (from an email received after > > posting): they do NOT pay interest on required deposits. [quoted text clipped - 3 lines] > > You've been given the answer, though. Rob, always a wise move to read the first few replies before putting in one's two cents worth ... No need to duplicate someone else's correct answer unless that reply needs some corrections as well ... :). Bob > WHERE the money is being held, the duration of nor the interest paid; was > not disclosed in the following QUESTIONABLE (please do not-reply) > response: [snip] > Good news! Sprint PCS has approved your order for wireless service with a > refundable deposit > of $125 per phone. What gives me pause is this: > TO PAY YOUR REFUNDABLE DEPOSIT AND SHIP YOUR PHONE: > Click below to enter payment information. > http://www.wirefly.com/ccupdate.asp?1=132163165173167180&2=118117115118115123117 114120&partnerurl=aaavirtual6 And... > Sincerely, > > 4Phones.biz > Customer Relations Department Clearly, you're not dealing with Sprint PCS directly, and Sprintpcs does not do business as wirefly.com nor as 4Phone.biz. As such, I'd be very suspect about where this "deposit" is going. If your credit is bad or nonexistent, Sprint will usually ask for a deposit upon activation of the phone, not before it is even shipped to you. I'd cancel the order and deal direct with Sprint. |
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