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protection if supplier goes under??

  • 10-10-2009 5:29pm
    #1
    ruanrua
    Closed Accounts Posts: 7 ✭


    Hi,
    I'm not sure where to post this but I wondering what you can do to protect yourself if a supplier you've paid goes under before you get your goods?? Can you get insurance to cover this or is the best bet to buy on visa?
    Thanks a million
    Ruanrua


Comments

  • #2
    bertie1
    Banned (with Prison Access) Posts: 509 ✭✭✭bertie1


    To thebest of my knowledge if you pay by Visa & you don't get the goods the credit card Company will refund


  • #3
    Joey the lips
    Registered Users, Registered Users 2 Posts: 10,262 ✭✭✭✭Joey the lips


    Despite all the advise the best protection is COD.


  • #4
    mickdw
    Registered Users, Registered Users 2 Posts: 23,544 ✭✭✭✭mickdw


    Yes, in current climate, COD is the only way.
    Granted some suplier will require deposit to provide one off stuff like kitchen etc. Work them down to the minimum that they will accept and dont give anyone a sum of money that is likely to get the project into trouble should they fold.


  • #5
    Quazzie
    Registered Users, Registered Users 2 Posts: 29,160 ✭✭✭✭Quazzie


    I know I'm only in early stages of my build but I haven't met a supplier who doesn't offer at least 30 days of credit for supplies. Later in the build when it come to decorating and 2nd Fixing that might change but personally I'll be demanding COD at the very least.


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