OCUK Finance question

kinger8938

kinger8938

kinger8938

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Joined
23 Mar 2011
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11,401
Hey guys

Im thinking about doing finance on some new kit however not sure which option is best for me! Was thinking buy now pay 12 months later, or the 36 month one

With the 36 months, can i pay it off early if i want to? I couldn't see this mentioned on the site? Or is it fixed at 36 months

Obviously buy now pay later allows this, but if something stops me being able to pay it off in time, it goes in to a higher interest deal for years after

Thanks :)
 
Tbh go for that you think feels right, chances are you wont be accepted anyway.

I have tried twice over past few years and was declined twice even though i have a perfect credit score on both experian and equifax and have no mortgage and only modest credit elsewhere... dunno what kind of people they do accept? :D I have a steady income, not over stretched and can easily make the payments... hell i could just buy them outright but i wanted the interest free thing.
 
AtreuS said:
. dunno what kind of people they do accept? :D I have a steady income, not over stretched and can easily make the payments... hell i could just buy them outright but i wanted the interest free thing.
Click to expand...

They accept people with average credit scores who are unlikely to pay off within the interest free period.

They don't make any money off those that pay off on time before the interest period kicks in
 
If I could give you some advice Id Say SAVE the money and wait until you can afford it , The question is do you really really really need it now ? I very much doubt it, I did this a lot when I was young and I can tell you now at 32 years of age I never ever barrow money , If I want something now I save for it and have a stash account when I want to impulse buy :)
 
Never had a problem with them (12 month pay later option), been accepted straight away. I quite like it, only thing I would say, calculate how much you should be saving each month to pay it off and save it!
 
Thanks guys, im debating it. Could afford it without finance really but the 12 month option would free up some cash for the start of the year, its soo tempting lol
 
even if theres no interest to pay id still begrudge paying the money out in 12 months time when the products are ~< half the price
 
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