BBB Warns Against Layaway Company

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(UNDATED) - The Better Business Bureau of Northern Indiana is cautioning consumers regarding Bluehippo Funding, a financial services company.

The company offers computers, electronics and other merchandise via a hybrid layaway and installment financing plan aimed at low income consumers and those with poor credit ratings. The BBB system has logged more than 1,400 complaints from all 50 states against Bluehippo in the past three years.

Bluehippo is a Maryland-based company advertising nationally through television, direct mail and the internet. Bluehippo also entices consumers with promises of free televisions, printers, or other home computer and electronics merchandise.

The computers the company finances are generally low-end models, and many consumers allege that due to Bluehippo's financing payment schedule, they generally pay up to four times more than the computer would actually cost had they bought it in-store.

The BBB isn't the only organization scrutinizing Bluehippo's business practices. Several other attorney general offices have now subpoenaed BBB complaints, with lawsuits having been filed in a number of states.

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