Have any of you guys used the finance ocuk offers?

jack.m

jack.m

jack.m

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Coleford
Hey guys as the title says have any of you ever used the finance option? I am starting to get very fed up of not having a pc and i get paid in about 2 and a bit weeks. I don't know if these finance options are very good anyone on here had any experience with it?

Thanks in advance :D
 
Because if i wait i will have a smaller budget, im reading up on it now and im not sure if paying the massive interest rates are worth it.
 
The '12mths interest free' option isn't bad. So long as you clear the balance in full (plus a £30 admin charge) before the 12mths is up you're sorted.
 
With big purchases I often do buy now pay later offers, such as when I bought my TV.

I always pay it off before the time so no interest, and its just a case of making a hell of a lot easier with no drawbacks.
 
The finance offers we have tend to be fairly popular.

Just be sensible, only do finance if you can afford it. :)
 
Chris. said:
With big purchases I often do buy now pay later offers, such as when I bought my TV.

I always pay it off before the time so no interest, and its just a case of making a hell of a lot easier with no drawbacks.
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With online purchases I find using the BNPL options gives you an added layer of protection. Well worth the £20-£30 admn fee. I tend to use them regardless of whether I can afford the cost upfront or not. I always pay them off by the end of the term however, they are supremely expensive otherwise.
 
[TW]Fox;19817301 said:
What protection does it give you over a good credit card which is worth the £20-30 in your opinion?
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If the company is not legit any reputable credit company will not have anything to do with it. It is an added layer of protection also in that you do not have to lay out significant cash before receiving the goods ordered neither do you have to authorise such large payments from your debit or credit card (which can still be problematical to recover) as most are 10% deposit to the seller with the remainder coming directly from the credit company.

And it gives you 12 month interest free credit rather than the 56 days you would receive from your credit card company, along with the fact that for large purchases the amount of interest your money would accrue would more than cover the admin charges anyway.

It's all down to personal preference, there is nothing wrong with preferring to use your credit card, I do myself on occasion, but if you use the BNPL properly and sensibly it is a viable alternative to a credit card and has some advantages depending on how you want to finance the item.
 
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I disagree with you (Though the long interest-free period is correct and is the primary advantage here but isn't a protection thing) but as it's a product offered by OcUK and they are the ones who pay for us to post here I don't think it's right and proper I get into a debate about the pros and cons of the products so we'll agree to disagree :)
 
I used the 6 month bnpl to buy my sandybridge rig and don't regret it at all. Just chuck however much every payday into another account and then settle before interest free term ends. Tempted to use it to get that 27" dell monitor
 
Castiel said:
With online purchases I find using the BNPL options gives you an added layer of protection. Well worth the £20-£30 admn fee. I tend to use them regardless of whether I can afford the cost upfront or not. I always pay them off by the end of the term however, they are supremely expensive otherwise.
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No it's not, i did think about it but its really not worth it, i've had a very expensive week, all i have to do is wait till next friday, it will also save me about a £100 too.
 
HNR1 said:
No it's not, i did think about it but its really not worth it, i've had a very expensive week, all i have to do is wait till next friday, it will also save me about a £100 too.
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No its not what.


As I said it is a personal choice, just because it doesnt suit you doesnt mean it doesnt suit someone else.

I have used BNPL even though I can afford to buy whatever it is outright at the time, usually with companies I have not used previously.

In fact the last time I used it the fee was £14 which was significantly lower than the amount of interest I would have lost had I paid at the time.

So like I said to Fox, it depends on the circumstances of the purchase and what you as an individual are looking to gain.
 
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