Rectron, if the drive came from them, will replace the drive on the spot if it shows a SMART warning.
OP, do you have a model number for that faulty drive?
It shows out of warranty... Contact Repair Only.
So now what?
Bin it and buy a new one. Unless you need data recovery, then head to SouthBit Data Recovery - www.southbit.co.za.
So the repair think wont save me some money?
Seagate 500GB - ST3500418AS
Samsung 2TB External Drive - DUO20EC