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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 70199
Experience:  Over 5 years in practice
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What are my guarentees if I purchase goods valued at 68,000-00

Resolved Question:

What are my guarentees if I purchase goods valued at 68,000-00 with a credit card and the company supplying the goods fails to deliver or goes out of business
Submitted: 1 year ago.
Category: Law
Expert:  Jo C. replied 1 year ago.
Hi.
Thank you for your question. My name is ***** ***** I will try to help with this.
-Could you explain your situation a little more?
Customer: replied 1 year ago.

I have purchased some wine from Wynn XS Ltd and they are trying to sell me more.They appear to be a £100-00 company talking in £100,000-00`s

Expert:  Jo C. replied 1 year ago.
Did you pay all £68 k in one hit?
Customer: replied 1 year ago.

I have purchased some wine in previous months but now I have paid £800-00 deposit on a consignment valued at £68,000-00.

I`m apprehensive to go ahead and send the rest of the money

Expert:  Jo C. replied 1 year ago.
No, absolutely don't.
You will find the protection under S75 CCA explained quite well here
http://www.which.co.uk/consumer-rights/regulation/section-75-of-the-consumer-credit-act
and I'm afraid that it would seem to me that this sum exceeds the maximum purchase and so you would not be covered.
I wouldn't get involved in this. I don't know anything about this company and obviously people do legitimately invest in wines but there have been lots of prosecutions arising from this type of thing recently.
Can I clarify anything for you?
Jo
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