Is Samsung financing being discontinued?

[Bsands29]

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 

[HJStrawberry]

Has anybody contacted their Attorney General about this? I can't find anything out there about credit companies closing an account in good standing that is active. It doesn't seem to even be a thing!

[33Richie33]

Honestly, if Samsung doesn't care enough about their customers to transfer the accounts to another issuer, I may just buy everything from Best Buy going forward. Nah, how are they going to make people take a hit in their credit like that and expect us to stay loyal to shopping on Samsung.com. nope.

[33Richie33]

Not only will my total credit limit decrease, but an installment loan increases your "credit mix" score because it's not a credit card. That's a double hit just to close it. Then they expect us to apply for another issuer? Nah. That's another hit. My credit is good, but it was better when I first applied, so I may not even get the same limit I had. ANOTHER hit.

[userZ2SYyNPHo7]

I concur that this should not be allowed without Samsung making an effort to transfer our lines of credit to their new partner.  I think that my samsung credit line with TD makes up for about 10% of my credit line, so my credit score will take a major hit!  I feel as though we should look into the legalities more. I need to contact some law firms and inquire about starting a class-action lawsuit.  The impact of Samsung's decision seems strong enough to classify us as injured parties in a civil case.  I'll see if I can find any fine print in any agreements I signed allowing Samsung to do so, and will post with any updates. Same if I get good feedback from a law firm regarding the matter.

[uservONEngSzjP]

Did you find anything out??

[LapoS]

Samsung obviously does not care about the impact closing the account will have on credit scores and their customers. I now have reason to move over to Apple

[K4mikz3]

This is unacceptable! My credit history will take a hit. Never will I ever open an account/cc that is recommended by samsung or through samsung. I'm starting to think I should switch brands, too. This is just a bad joke!(i received the letter today, too)

[user6mWy8aqOQW]

Sadly. I just got a notice in the mail. TD Retail Card Services will be discontinuing the Samsung Financing Program on 12/31/2024

[Jdmays05]

Yes, I received same letter.

[RDD377]

Got the same letter, I just made a purchase Dec 1 for a galaxy book 5, they sent the letter the next day, I just opened it.  So I added to my balance and payments and now I will be hit, I used affirm before but if I remember they charge finance charges and I always paid off my Samsung balances before they hit...I have other credit cards I can use but I enjoyed using my Samsung account with no finance charges... I guess it will be a long while before I buy another device