Expect More Action On Warranties Says Retailers

By Author: Jessica Jetti
Total Articles: 26
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The three big names of electrical retailing market of Britain have given a promise of the competition watchdog that they would be improving the fact of transparency as far as the extension of warranties into the market is concerned so that the kind of heavy-weight investigation by the regulators does not takes place.
In an announcement, Office of Fair Trading, OTF said that they had done a study for the third times in the past 10 years in which they found that although 1 billion pounds worth, extension of warranties are being seen in the market but it is also true that the consumers are not being able to make use of it in the best possible manner. The three names of the industry that is Comet, Dixons as well as Argos had made an address to the watchdogs and their concerns that they are going to provide legal undertaking documents so that the details and the information which the shoppers get from them gets much better. This also is inclusive of alternative warranty providers.
A promise has also been made by them that they are going to make, take care of and make famous a website that is related to make the comparisons ...
... warranties comparison. One can also easily shop around on it in an easy manner. They also said it would be made sure that while doing shopping the customers are going to get correct information from the side of the staff. There has been a provision of extended warranties on electrical goods. This is quite a profitable thing for the retailers. This thing has always gathered criticism from the side of the British consumer group. Need quick cash apply with instant loans for bad credit and get instant funds you need.
The British consumer groups make claim that the prices which they are charged by these groups are quite different from what the actual price of that item in reality is. There are also very less chances that the repair of that technological product would be better than what it should be. The critics were also of the view that most of the manufacturers in the present times are already give a guarantee of one year on all the products. Apart from this, the consumers are also charged for the breakage of the electrical goods when they take up any basic household insurance policy for the goods. OTF is now going to undertake an investigation and going to consult the consumers as well as the other involved parties.

Jessica Jetti is a expert financial advisor. She works with finance in UK financial market. She writes articles on instant loans for bad credit @ http://www.instantloansforbadcredits.co.uk/ pounds to pockets and instant loans no credit check