Expat leaving debts in Chile

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Re: Expat leaving debts in Chile

Post by admin » Wed Feb 06, 2019 9:25 pm

well, also, i have spent more money at sodimac than any company in chile. just not on a credit card.
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fraggle092
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Re: Expat leaving debts in Chile

Post by fraggle092 » Wed Feb 06, 2019 9:46 pm

admin wrote:
Wed Feb 06, 2019 9:25 pm
well, also, i have spent more money at sodimac than any company in chile. just not on a credit card.
Well, its hard not to shop there since they killed off most of the competition. Within a couple of years of the malls opening here, many of the small traditional retailers in the centre of town closed for good. Couldn't compete on price, variety or availability.
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Re: Expat leaving debts in Chile

Post by mem » Wed Feb 06, 2019 9:56 pm

admin wrote:
Wed Feb 06, 2019 9:24 pm
fraggle092 wrote:
Wed Feb 06, 2019 7:25 pm
Perhaps you have stood in the queue in Sodimac patiently waiting while the person in front of you has a long involved negotiation with the cashier over the amount they can pay using their CMR Falabella store card.

I used to wonder why this couldn't be done at a separate checkout to speed up the process for other customers until I realized that the store-card payers are the preferential customers. Given the usurious interest rates that the stores charge, it makes sense. They all do the same, selling already heavily marked-up, low-quality Chinese tat on credit at 30%+ interest rates. Negocio redondo.
and that is why I buy fallabela stock any time it dips.

FYI, fallabela owns sodimac and banco fallabella that specializes in sub-prime credit market.
Egads...I was already sold on Falabella in terms of an investment, but this is just over the top. Falabella is like the Godfather....

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fraggle092
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Re: Expat leaving debts in Chile

Post by fraggle092 » Wed Feb 06, 2019 10:32 pm

mem wrote:
Wed Feb 06, 2019 9:56 pm
Egads...I was already sold on Falabella in terms of an investment, but this is just over the top. Falabella is like the Godfather....
You must have led a sheltered life. AFAIK their modus operandi is quite acceptable and law-abiding.
Now La Polar is another story:
SANTIAGO.- La jueza María Verónica Orozco resolvió dejar en prisión preventiva al ex presidente de La Polar, Pablo Alcalde, la ex gerenta de Administración, María Isabel Farah, y el ex gerente de Productos Financieros, Julián Moreno.

Fuente: Emol.com - https://www.emol.com/noticias/economia/ ... 2/xxx.html
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Re: Expat leaving debts in Chile

Post by admin » Thu Feb 07, 2019 8:29 am

fraggle092 wrote:
Wed Feb 06, 2019 9:46 pm
admin wrote:
Wed Feb 06, 2019 9:25 pm
well, also, i have spent more money at sodimac than any company in chile. just not on a credit card.
Well, its hard not to shop there since they killed off most of the competition. Within a couple of years of the malls opening here, many of the small traditional retailers in the centre of town closed for good. Couldn't compete on price, variety or availability.

sorry, but most of those little local hardware stores have needed to be put down with both barrels for decades.

you go in to buy say a bolt, and go through twenty questions / who is on first as they hide their products in the back room.

what do you need?

well, what do you got?

well, what do you need?

well, what do you got?

after, 10 mins or so of of that, the guy says, "nope we don't have that'; or worse they have bolt, but the moron down the street sells the nut, and the other moron on the other side of town sells the washer. takes 2 hours to spend 2,000 pesos, and end-up with the cheapest of cheap chinese junk, or worse, chilean made junk.

i made the mistake of buying screws from the local hatdware stores, and they are like die cast cheap metal that the heads twist off the first time they are turned by a drill. made in chile.

I just quit waisting my time and money on them. I drive to sodimac.
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Re: Expat leaving debts in Chile

Post by fraggle092 » Thu Feb 07, 2019 9:36 am

admin wrote:
Thu Feb 07, 2019 8:29 am
sorry, but most of those little local hardware stores have needed to be put down with both barrels for decades
I never said that they were any good! One of the worst aspects of the local stores was the seemingly eternal wait while a customer spent ages discussing with the vendor why he needed some nails, and what were the cheapest ones. Then, having patiently waited, the vendor would attend someone who had just come in the shop, and had barged their way in front of you.

But now the delays have shifted to the Point of Sale and the store-card negotiations.
As for the merchandise, most Chileans buy the cheapest available, regardless of quality.
Like brass-plated steel door hinges that last for 5 years rather than solid brass ones (at three times the price) that will last forever.
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Re: Expat leaving debts in Chile

Post by eeuunikkeiexpat » Thu Feb 07, 2019 9:40 am

HybridAmbassador wrote:
Wed Feb 06, 2019 5:28 pm
Chile's DICOM rating should recognize US FICO for granting Chilean CC and cuenta corriente for those expats in Chile with such high FICO score.
I wish. It is what it is in Chilelandia.

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Re: Expat leaving debts in Chile

Post by HybridAmbassador » Thu Feb 07, 2019 3:02 pm

eeuunikkeiexpat wrote:
Thu Feb 07, 2019 9:40 am
HybridAmbassador wrote:
Wed Feb 06, 2019 5:28 pm
Chile's DICOM rating should recognize US FICO for granting Chilean CC and cuenta corriente for those expats in Chile with such high FICO score.
I wish. It is what it is in Chilelandia.

Hope life is going well for you. Salud.
EEUU-san, Gracias! Yep, readying myself to participate on the volunteer senior group for upcoming Tokyo Olympic. Any forasteros extranjeros living in Chilitolandia visiting us for the 2020 Tokyo Olympic?
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Re: Expat leaving debts in Chile

Post by Britkid » Sun Feb 10, 2019 11:20 am

admin wrote:
Wed Feb 06, 2019 12:58 pm
here is no good reason to attach millions of pesos of credit to basic savings or checking accounts.
Agreed.

But I think we shouldn't use the banks behavior as a justification not to pay. One bad thing does not justify another, and also unpaid debts are as likely to hurt the average investor and user or banking services than the rich owners.

I think the OP genuinely intends to pay, so I am not criticising the OP, but the general idea that banks' dubious behaviour justifies not paying a debt, or corrupt government justifies not paying taxes. Maybe in totally corrupt countries like Venezuela or Russia, but not in Chile.

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Re: Expat leaving debts in Chile

Post by HybridAmbassador » Sun Feb 10, 2019 3:25 pm

fraggle092 wrote:
Wed Feb 06, 2019 7:25 pm
Perhaps you have stood in the queue in Sodimac patiently waiting while the person in front of you has a long involved negotiation with the cashier over the amount they can pay using their CMR Falabella store card.

I used to wonder why this couldn't be done at a separate checkout to speed up the process for other customers until I realized that the store-card payers are the preferential customers. Given the usurious interest rates that the stores charge, it makes sense. They all do the same, selling already heavily marked-up, low-quality Chinese tat on credit at 30%+ interest rates. Negocio redondo.
A long,long time ago in Berlin. I was in the somewhat long que to the cashier in the supermarket. Observing that the disciplined Germans had their check book in hand and already writing the payee name on it and signing done. But there was this laterally challenged lady not doing the norm. When her turn came to pay, she was purging some of her shopped good and seemingly arguing with the cashier. Me being a brisk and making decision in a New York snap, was getting a bit frustrated by this lady's behavior but noticed other Germans in the que seemed not bothered by this lady's behaviour. After a long wait came my turn and paid for my goods and exited the place. When outside, noticed the wasting time for everyone lady entering her VW. Then noticing that she started adjusting rear view mirror and cranking her manual window down and adjusting driver side mirror then moving the seat for another adjustment....What the F''''k ! why she has to do that? I once set my mirrors and seat, never touch it again but this lady was very un-uhm German-like, perhaps she was doing it in purpose knowing that there was a longing for her parked spot waiting patiently double parked car driver? Go figure? She could have come from East berlin perhaps?
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