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pps7_gw

Protecting yourself against companies going bankrupt.

pps7
14 years ago

We have pretty expensive wide plank hardwood floors for our entire house- approx 3000 sq feet of it. The flooring company would like 50% deposit when we place the order, which seems reasonable and the remainder 50% before shipment. That seems odd: shouldn't it be balance due at delivery?

Also, that is a lot of money, what happens if they go bankrupt or take our money and run? It's a reputable company, but these days, people are going out of business left and right.

If I pay with a credit card or amex card, would that protect me?

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