Rebate processor goes out of business taking your rebates with it
Filed under: Ripoffs and Scams, Shopping, Simplification
As if you needed another reason to be wary of rebates, one of the largest rebate processing companies, Continental Promotion Group, just filed for bankruptcy. CPG, more widely known as RebateStatus.com, no longer has enough money to cover the rebate checks it has been processing. This means if you have a rebate check from the company, you shouldn't try and cash it unless you care to be hit with a NSF fee when the check bounces. RebateStatus.com handles rebates for many companies including:
- Costco
- Newegg.com
- Canon
- Logitech
- Home Depot
