Finance on Overclockers UK

Christopher McClure · 10 Oct 2021 at 19:34

Hi there,

if this is the wrong forum please let me know.

I am planning to get a 3060 ti through finance, buy now pay 12 months later. I will be able to pay the card off between 3 to 4 months at the latest.

I am upgrading my system so I can have a better experience and for it to last a few years at least for work and studying.

It is well within my budget to pay it off with my new job and monthly expenses.
Was just wondering on what people's experience has been with the finance option and how easy/hard it was to get approved.

Thanks in advance

Raymond Lin · 10 Oct 2021 at 19:40

As easy or difficult as getting a new credit card with 0% interest for 12 months?

It does the same checks on your credit score either way. The credit card is a much better option as you can pay it off sooner than you want, or as little as you want for 12 months. Rather than a fixed amount. Which you can do via DD if you choose you.

Diddums · 10 Oct 2021 at 19:42

Raymond Lin said:
As easy or difficult as getting a new credit card with 0% interest for 12 months?

It does the same checks on your credit score either way. The credit card is a much better option as you can pay it off sooner than you want, or as little as you want for 12 months. Rather than a fixed amount. Which you can do via DD if you choose you.

Not only that but you can also get a balance transfer card and transfer it across making the cost of finance negligible.

Christopher McClure · 10 Oct 2021 at 20:57

Raymond Lin said:
As easy or difficult as getting a new credit card with 0% interest for 12 months?

It does the same checks on your credit score either way. The credit card is a much better option as you can pay it off sooner than you want, or as little as you want for 12 months. Rather than a fixed amount. Which you can do via DD if you choose you.

Ill have a look at credit cards, i have a couple hard searches on my credit as vodafone messed up a phone order 3 times so had 3 hard searches which is annoying. Is there any credit cards you recommend? I currently have an account with hsbc and nationwide, had a look at the one with hsbc.

Ahleckz · 10 Oct 2021 at 21:03

Raymond Lin said:
your credit score

Oh no Ray, you've gone and triggered them...

Serious answer for the OP - go to MoneySavingExpert and do the eligibility check there, they'll soft search you and tell you what chances you have of being accepted.

Christopher McClure · 10 Oct 2021 at 21:06

Ahleckz said:
Oh no Ray, you've gone and triggered them...

Serious answer for the OP - go to MoneySavingExpert and do the eligibility check there, they'll soft search you and tell you what chances you have of being accepted.

Oh yeah I completely forgot they done that. Ill give that a go tomorrow. Thank you

dlockers · 10 Oct 2021 at 21:06

CrEdIt ScOrE iS jUsT a NuMbEr

Raymond Lin · 10 Oct 2021 at 21:15

Ahleckz said:
Oh no Ray, you've gone and triggered them..

let them be mad, I know what I mean, just a check whether you pass. Whatever the standard.

Christopher McClure · 10 Oct 2021 at 21:51

Raymond Lin said:
let them be mad, I know what I mean, just a check whether you pass. Whatever the standard.

Ive missed something havent i

Thank you. Really apprecuate the help

Haggisman · 10 Oct 2021 at 22:04

Christopher McClure said:
Hi there,

if this is the wrong forum please let me know.

I am planning to get a 3060 ti through finance, buy now pay 12 months later. I will be able to pay the card off between 3 to 4 months at the latest.

I am upgrading my system so I can have a better experience and for it to last a few years at least for work and studying.

It is well within my budget to pay it off with my new job and monthly expenses.
Was just wondering on what people's experience has been with the finance option and how easy/hard it was to get approved.

Thanks in advance

Bear in mind there is a £29 "admin" fee on the finance, so you'll end up paying more even if you do pay within the buy now pay later period, unlike a 0% card where you won't (assuming you pay off within the 0% period)

Angilion · 10 Oct 2021 at 23:20

Christopher McClure said:
Ive missed something havent i [..]

"credit score" isn't really a thing that exists, so the phrase irritates some people because it implies a consistency and precision that doesn't exist. What actually happens is that each lender makes up their own criteria for who to lend money to and who not to lend money to. It's a lot more nebulous and inconsistent than a score.