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 

[Maverick21172]

They are screwing with people's credit!

[Alexinkheart]

My concern is knowing what will happen to people's credit scores since that account is only used to buy from Samsung and will surely be closed.

[Bsands29]

Everyone will take a hit sadly , available credit per person will likely drop. Also increase in debt to income ratio

[jroze]

Do we know if it will affect our credit scores ?

[HJStrawberry]

There's no way it won't. Youre losing a line of credit that contributed to your credit to debt ratio. I didn't know places could even do this. Never heard of such a thing

[Members_GXhf8hH]

I tried making a purchase tonight on Samsung and use some of my credit. When I checked out, I chose Samsung Credit, but it then took me to Affirm. I contacted Samsung CS via chat and they said they stopped allowing people to use TD as of Dec 4th.

[TheF15Mechanic]

But was it 0% Financing for 24 mo

[freddyf]

Is it legal that even though our accounts are in good standing, they get to be closed and negatively impact our credit scores?

[Bsands29]

Good question, sadly i believe it is if said bank is getting out of consumer lending business

[userIqeCjlpnTp]

If they go with Affirm it'll be the end of Galaxy phones for me.. Yes I can get a card and buy one that way but for how many years I've had my account and the number of phones I've purchased.   They have to know they are going to lose good customers.