The lending company front. It is a front because the company drop ships the computers from a third party vendor after they have made a profit on the
computer. The computers cost between 300 and $500.
When the customer pays $200 or more over $300 or $ 500 cost the computer is shipped from the third party
vendor. The customer then continues to pay bluehippo via auto deductions. Everything after the computer is shipped is pure profit. Keep in mind that
computer is completely paid off and no other work needs be done by the company.
Another reason why the company is a lending front is that the company ventures nothing like a real financial institution or a bank. With a bank you actually get money or product in hand then you pay the interest and
principle. Here there really is no real principle b/c the customer is never advanced anything... No money... No product... The loan or financing is a GHOST... It exist in the customers mind and in the companys computer
system. There is no real debt.
The troubling thing about this GHOST is that the company will try to collect a liquidated fee or cancellation
fee for something that never existed.
A Narrative example of the scheme: Mr. Kelley, for the sake of a better name, is a Horse trader / seller. I agree to pay mr. Kelley $2500 to ride his horse but first I must pay $1000 and no refunds allowed. Mr. Kelley agrees to sell me the horse. Mr. Kelley has no horse for me to ride at the moment and will only get the horse for me to ride if and when I pay him the
$1000. The horse will cost Mr. Kelley $200. I pay mr. Kelley $450 and then I realize I can not finish out on what I agreed upon. I am not entitled to a refund and I would just like to stop and walkaway. However, Mr.
Kelley sues me for $750 as a walk away fee even though he has ventured nothing, has no horse, and is not obligated to buy a horse for me to ride.
Mr. Kelley has profited and ventured or risked nothing and I have lost $250 nonrefundable. Yet Mr. Kelley is going to sue me and ruin my credit report for not finishing the contract because of my inability to pay! Mr. Kelley already has made a profit and has my money but he is going to sue me and give me nothing?!
HOW IS THAT RIGHT? It is a very very sickening scheme to say the least. The Hebrew term for a person that would be the beneficiary of such a scheme is called a Gonnif! A Thief!
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