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Is Samsung financing being discontinued?

(Topic created: 11-29-2024 03:50 PM)
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Bsands29
Halo
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Samsung Apps and Services

I received an email, saying that TD Bank and Samsung are ending their partnership. Did anyone else receive this email. I called to confirm this with TD Bank cs. They will be closing my and other user accounts. I'm upset I have 6 yrs of credit history being erased 

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userxh9cVdbRts
Asteroid
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Samsung Apps and Services

I got a letter today saying the are dropping it 12.31.24. You can continue to pay off what you have as normal but the account will. Have heard that they will be using AFFIRM but I have not been able to confirm. Affirm is good and super easy to deal with compared to TD but I don't really like that I will lose $10,000 worth of available  credit overnight it dings your credit no matter what the circumstances are.

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meself
Honored Contributor
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Samsung Apps and Services
Didn't know that was ending knew there was a site issue not long ago as they did updates
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Bsands29
Halo
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The site issues I remember happening. It was when they transitioned to the new website./Portal. I wish there was a way to transition people's accounts to a another bank without having to close accounts.
TipsyTrex
Black Hole
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Samsung Apps and Services
The screenshot you provided states that you just need to update your payment method before January 30th to prevent account termination.
Bsands29
Halo
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Samsung Apps and Services
Yes you are correct I did that, but I also spoke to TD Bank C.S. I specifically asked could I use that financing account with another retailer listed in the website. I was told "your account will be closed and lose access to the credit line" so maybe Samsung is going with another bank for financing?
riskybzns
Asteroid
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Samsung Apps and Services

they are using affirm...and if you ask me they are trash. they don't business the way td bank or synchrony does loan payments.

userBrh8oG9ebW
Constellation
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That is only for your care plus phone insurance, TD bank will no longer be with samsung , but if you have a credit balance still go to samsung finance.
usernVOgLR2Zez
Constellation
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Samsung Apps and Services

That is what I am concluding:

- Insurance will be deducted from your Samsung "Payment method".

- Phone purchase will be deducted from TD bank as usual.

 

Please correct me if I am wrong.

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MPS924
Constellation
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Samsung Apps and Services

No that is not correct they are eliminating the TD Bank Samsung financing program completely. So you will not be able to make any purchases after the end of the year with Samsung financing through TD Bank. It also said if you have a reoccurring subscription (so if you're paying monthly payments for something like a protection plan) you need to change your payment method for that reoccurring service to a different payment method or else the service will be canceled when Samsung financing severs ties with TD Bank.

Bsands29
Halo
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Samsung Apps and Services
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