yeah i saw this on the news.....where has the money gone .......bet you can't tell me someone up there didn't make out of this.
makes you wonder how they lost all the money as it goes in the bank and they are not haned out till november think it will hit the single parents the most .
had a look at there web site ant this is what it says
I regret to advise that Joint Administrators have been appointed over the assets and business of Farepak Food and Gifts Limited on 13 October 2006.
PLEASE NOTE THAT NO FURTHER MONEY SHOULD BE SENT TO THE COMPANY. ANY DOCUMENTATION SHOULD BE RETAINED AT THE PRESENT TIME AND NOT SENT TO THE COMPANY.
It is the intention of the Joint Administrators to use this website as a way of updating all customers and agents affected by the Administration. The website will next be updated on Friday 20 October 2006.
In the meantime please send notice of any claim you may have:
--------------------------------------------------------------------------------
Please see below for answers to certain questions you may have.
1 Will I get my hampers/vouchers/gifts and if so, when? The Company is unable to deliver any orders for hampers/vouchers or gifts.
2 Will I get my money back and if so when and how much? The Joint Administrators are working to realise the assets of the Company. You will have a claim against the Company in Administration and the Joint Administrators will be writing to the agents about this as soon as possible. At the present time, I can advise that you may receive back some money (but not all) and this will not be for many months.
3 I have collected money from my customers but not yet paid it in. What should I do? The Company is no longer accepting money from its customers and it should be returned to your customers and their payment book signed to show the money has been returned.
4 I pay by Direct Debit. What should I do? Do I need to cancel the instruction with my bank? Yes, please cancel any instruction to pay by Direct Debit.
5 What should I tell my customers? Your customers will need to be advised that Farepak will not be supplying any hampers,vouchers or goods which have been ordered or were going to be ordered.
6 Will I get my commission? You will have a claim against the Company in Administration in respect of your commission and the Joint Administrators will be working to calculate this claim. Please see 2 above.
7 Why has this happened? Why now? The Company is insolvent, it is unable to pay its suppliers for goods and as a result, the goods cannot be supplied to you as an Agent or your customers.
8 I've still got some choice vouchers.. What should I do? Again, these will form part of your claim (see 2 above). They will not now be honoured.
9 I've still got vouchers left from last year. Are they still ok to spend? The Joint Administrators understand that any vouchers, other than Choice vouchers, which you hold will be valid and can be used.
10 I ordered a gift item last year and it is now broken. What should I do? This will form part of your claim against the Company in Administration. Please see 2 above.
11. I am a customer of a Farepak Agent. I have paid money. What should I do? In the first instance, you should ensure that your payment book is up to date. You should NOT give any further money to your Agent as the Company is not accepting any further money. If your Agent still holds your money, it should be reurned to you and your payment book amended to show you have received it.
sounds to me....farepak was spending peoples money on other things and lost the lot!....probably bad investments!.....bet the boss won't loose his big house and expensive car!
lol one Xmas pudding taken
Ps will hold ya to that
I may be in bah humbug mode once again, but just why do families spend sooo much money they can probably ill-afford anyway on christmas? 40 years or more ago, you counted youself lucky if you got an orange and a few unbroken biscuits! I really feel for parents in this day and age; the kids are bombarded with highly sophisticated sales campaigns for expensive toys that are often discarded before The Queen's Speech - in many cases, the kids derive more enjoyment out of the boxes the expensive toys came in!
It's just a normal Bank Holiday w/end ffs... why do we have to blow a couple of months' salary on it?
Rant over!!
Ive just seen an ad on tv
There is a feature on this on GMTV in the morning but not sure of the exact time
Whilst premium bonds are a great option there is a minimum purchase of £100, which isn't practical for those on a low income, who are just trying to put something aside to have a good holiday.
Saving can be extremely difficult when you don't have a lot and many people find it easier to have a locked in plan as opposed to something they can access.
It means the money is there at the time and for the purpose it was saved for.
Also, I don't think it automatically means that people are squandering money on a useless holiday, nor on pointless gifts for children.
They might just be trying to make it an enjoyable holiday for themselves and their families.
I feel for those who'll lose out on this, I would be gutted.
Jas
XXX
sorry to hear that :cry: but the persons behind this company will not of lost out they are w**kers they just dont give a s**t
I did use one of these companies a few years ago and yes, they are expensive in comparison but as already said, some families don't have the cash to do otherwise. I found it very handy at the time but I saved for the vouchers rather than the food hampers. It's a pity that these companies, with all the profits they make, don't have some sort of contingency plan to repay the customers if things go tits up as is the case here.
Sorry to hear you've been caught up in al this NEcpl :therethere:
A lot of people have been stung by this, possible as many as 170,000 according to a news story I saw.
Whilst I don't consider the hampers good value etc they are a good way for low income families and people who are poor savers to get something sorted will in advance for Xmas.
My own opinion for what its worth is that people would be better off buying a weekly amount in stamps for whatever supermarket you go to and saving them all year as most of the big stores offer this and have games, music, books, perfume, smellies, clothes and food in them, basically a lot of the things that the hamper clubs offer but at much better prices and a damn sight more reliably than the hamper clubs too.
I know this is little comfort to those stung by it, these things always seem a safe enough bet, just hope that anyone affected is able to have a happy festive season :therethere:
I use another one of these companys, we are not on low incomes but with a large extended family find it handy to pay off for vouchers. The reason that i use them is its a convienient way to save for christmas. The vouchers that i get can be used in most shops, so for the people that are very difficult to buy for like my dad, i give him vouchers (which he likes), then he goes in the sales and buys whatever he likes. Although with a lot of these companys going bust, i may have to change for next year. As mentioned above many shops are now doing christmas savings schemes. I feel very sorry for all the people that have lost out this year. I would have been totally gutted.
Lets all hope that they still manage to have a good christmas.
Louise xx
really make me laugh IE apple orange the point of it is ,not just our but every one concerned s loss not the point of what ya got years ago or what you think your kids are gona get its what this company has done with the money and the timing of it,and yes we are not on a mega low income but how people have spread there money out instead of skiting themselves over Xmas
There's fresh hope of some help being arranged. Let's hope it develops into something.
:roll:
