Those Hotel Buyers Now No Longer BBB Accredited

Tassa · July 25, 2012 12:50AM

BBB Website

Rating: F

Unknown · July 25, 2012 12:55AM

This content has been removed.

ModCrewman · July 25, 2012 12:57AM

So sad to see another B&M struggling.

I kid. I agree with FadeToBlack, how does that business model not work? Suppose too many full page ads and newspaper commercials, and the supply is drying up per the recent thread on the topic?

Tassa · July 25, 2012 1:02AM

They've written bad checks. Employees have filed lawsuits. I wouldn't be suprised if they see more lawsuits.

messydesk · July 25, 2012 1:11AM

Couldn't happen to a nicer bunch.

Staircoins · July 25, 2012 1:18AM

I'm just shocked, shocked I tell you.

johnny9434 · July 25, 2012 5:39AM

its just terrible, absolutely terrible

lcoopie · July 25, 2012 5:48AM

BBB file opened: 11/01/1999

204 complaints

the BBB is full of BS if they are to be taken seriously

Zoins · July 25, 2012 5:51AM

Previous thread on THR.

stealer · July 25, 2012 5:59AM

<< <i>Couldn't happen to a nicer bunch. >>

You want to send them congratulatory flowers?

Tassa · July 25, 2012 6:17AM

<< <i>"BBB has received disputes from across the country which claim that after consumers sold their items to THR, the company's checks stopped clearing the bank. The company has responded to these BBB disputes by claiming that replacement checks have been issued.AS of 07/20/2012, the company has ceased responding to these complaints.

According to a statement by THR in a news release, the total number of checks affected is over 4,000."

Wow, how do you buy stuff for 1/4 of its actual value and still go bankrupt unless ownership is skimming profits? That's just nonsensical. >>

Well, let's say they set up in 120 cities a week and they advertise in the newspaper for each city for the week they are going to be there. Figuring it as conservatively as I can given the size of their print ads that would still be over half a million dollars PER WEEK that they'd be spending in newspaper advertising alone. Sounds like they have quite a few expenses...hundreds of employees, travel expenses, other forms of advertising, etc.

WTCG · July 25, 2012 8:15AM

In all honesty I can't think of any instances of when a patronage decision was made in consideration of a company's BBB affiliation or rating status.

Timbuk3 · July 25, 2012 9:26AM

It's about time, finally !!!

dorancoins · July 25, 2012 9:47AM

I know that those parasites were in the Mattoon-Charleston area not that long ago. Wanted to put something in the local paper but due to the possibility of a lawsuit, I couldn't. My coin club has had discussions about these hotel buyers and I consider them a threat to honest coin dealers such as myself. Now, the coin dealer in Joliet, IL has a sign on his shop's window regarding the hotel buyers, pawn shops, and the cash-for-gold crooks. It speaks for itself.

DrPete · July 25, 2012 10:40PM

Wow, only 4000 bad checks and the BBB gives them a failing grade. Wonder how many people that decide to take their coins and bullion to these buyers actually take the time to investigate what the BBB says about these folks.

UNCOnly · July 25, 2012 11:48PM

I think it's important to note:

<< <i>Additional Information: Consumers contacting the BBB express sellers remorse. Consumers state that after selling their items to the company, they felt the offer they accepted was inadequate. >>

Don't get me wrong, I don't like the tactics this company uses; however, if these people took their PM to a pawn broker, they would be offered about the same. In addition, these people do not have a gun being held to their heads forcing them to accept the offers from these companies. They can walk away just as easily as they walked in.

EagleEye · July 25, 2012 11:58PM

Interesting article about CEO Jeff Parsons

Tassa · July 26, 2012 1:44AM

<< <i>Wow, only 4000 bad checks and the BBB gives them a failing grade. Wonder how many people that decide to take their coins and bullion to these buyers actually take the time to investigate what the BBB says about these folks. >>

It wasn't all that long ago that they had a B rating.

Just from personal experience it seems like more and more people are checking with the BBB before doing business with coin dealers and precious metals buyers. Because I have to keep track of our advertising budget I ask every new person who comes in to our office how they heard about us or found us. At least a few people a week tell me that they did a search for coin dealers and then checked us out with the BBB.

Those Hotel Buyers Now No Longer BBB Accredited

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