Last Updated: January 25. 2011 10:02AM
Time to use Borders cards is now
Brian J. O'Connor / Detroit News Finance Editor
Now that Borders Group Inc. has confirmed hiring a law firm to protect it from being forced into bankruptcy, it's time to dig through the pile of holiday cards, reach down to the toes of the Christmas stockings and paw through your sock drawer for any unused Borders gift cards.
The reason is that, should the cash-strapped bookseller succumb to bankruptcy, anyone with a Borders gift card lying around could see the value wiped out.
"Consumers should do themselves a favor and get to the nearest Borders now to make sure they get full value from their gift cards," says Daniel Ray, editor-in-chief of CreditCards.com, a consumer credit card comparison site. "I got a gift card myself for Christmas, and I'm heading to Borders today to use it."
Borders wouldn't comment, other than a spokeswoman's statement that "it's business as usual in our stores, and we are selling and redeeming gift cards."
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From The Detroit News:
http://detnews.com/article/20110125/BIZ01/101250329/Time-to-use-Borders-cards-is-now#ixzz1C4gfmEhM