Overclockers UK Finance
- Thread starter fiveub
- Start date
There are several options
Buy Now Pay in 6/12 months=
1. Pay 10% deposit upfront
2. Pay remaining BEFORE end date + £25 at same time - to avoid the interest
Classic=
1. Pay deposit
2. Pay monthly fee
3. Get r4ped on interest
My experience anyway
Good luck
Man of Honour
- Joined
- 20 Dec 2004
- Posts
- 7,304
- Location
- Tamworth
If your order is £400 then you pay £40 upon ordering, which leaves a balance of £360+£29 admin fee. So you'll have an outstanding balance of £389. As long as you pay that balance off within the selected time frame the that's all you'll pay.
I was turned down because of this - disability, so now I expect it has left a negative mark on my credit rating - not happy. I could have afforded the payments, but no dice.
Mark
It will show as a credit searching having been carried out on you but there will be no negative mark left because you weren't accepted.
Thanks for that - was worried about it, because all my life I have had an excellent credit rating.
Mark
So the remaining balance after the 10% depots isn't paid in monthly deposits if you pay within the 6/12 month period?
This, had a kitchen on 0% for the last 11 months, not paid a penny towards it. Just paid the balance in full this week before the interest kicks in. Just logged into my account on-line and paid it with debit card like any other purchase. My money is much better in my accounts for as long as possible then it is theirs.
Bought a sofa from a popular high street chain last year, had 2 choices pay cash which we had or take 0% credit for 1/2/3/4 year term. It's a no brainier to take the credit regardless of us having the cash.
Though I should note that I wouldn't buy a PC on finance, not something that I would position as a long term 'need' purchase, but finance definitely has its place and using it does not ruin your credit rating as some posters here would have you believe. What's the point of having a credit rating if you don't use it to your advantage!
Last edited:
Permabanned
- Joined
- 2 Apr 2013
- Posts
- 2,301
- Location
- North West
Ive used Hitachi finance 3 times total through Ocuk and another retailer, paid the money within the period and no extra. As long as your sensible I think it's fine to use.
I was turned down because of this - disability, so now I expect it has left a negative mark on my credit rating - not happy. I could have afforded the payments, but no dice.
Mark
I contacted them before hand and they said it wasn't a barrier. So went ahead and gave it a try, they said no. Fine I guess, if they don't want my money
Funny thing is, I bought it anyway and just used my credit card.... It would just have been handy to postpone the large sum till after Christmas and all. I even went for the 6 month option! But yeah. I am going to contact them to find out exactly why they turned me down just for future reference.
It's kinda crazy as I have two credit cards, a private health card (hospital bills) and an immaculate credit rating. Like, no missed payments, EVER. Guess I'm still not worthy thou
Not sure what they want, a blood sacrifice at midnight? A virgin offering by FedEx? XD
Last edited:
I contacted them before hand and they said it wasn't a barrier. So went ahead and gave it a try, they said no. Fine I guess, if they don't want my money
Funny thing is, I bought it anyway and just used my credit card.... It would just have been handy to postpone the large sum till after Christmas and all. I even went for the 6 month option! But yeah. I am going to contact them to find out exactly why they turned me down just for future reference.
It's kinda crazy as I have two credit cards, a private health card (hospital bills) and an immaculate credit rating. Like, no missed payments, EVER. Guess I'm still not worthy thou
Not sure what they want, a blood sacrifice at midnight? A virgin offering by FedEx? XD
I am exactly the same situation as you, but still I was tyrned down despite an excellent credit history - ho hum. I have not bothered to follow up and ask them why - as they say they wont get in too discussions about it. Weird or what????????
Mark
well with the talk of people with good credit rating being rejected, I have no idea about my rating as i have no credit cards(had one over 10years ago as part of a student account but cancled as didn't use it), no mortage etc. Have a mobile contract and had a broadband contract years back.
Decided against the 290x so we'll never know how'd i'd have gotten on.
Decided against the 290x so we'll never know how'd i'd have gotten on.
Thanks for that - just joined and got my report. I have a full five rating, yet I was still turned down for finance here?????????
Mark
Are they reliable? They're not going to take your info and misuse it?
Associate
- Joined
- 20 Jan 2012
- Posts
- 698
I used Hitachi finance a couple of years ago and it was fine, all paid off in time and no issues what so ever. It was just more convenient for me at the time as I wanted my cash flow for other things the month I was ordering. I'll 100% do the same thing again the next time I order.
I read somewhere some time ago (vague enough LOL? 
) that many credit companies don't like people with 'perfect' credit ratings - they prefer the mid-range that might slip up and forget to pay (incurring interest) or in the case of credit cards, companies can charge higher interest rates to people with poorer ratings.
Hopefully not being apocryphal, sure some geezer/ess in the finance industry can tell us the trooot
) that many credit companies don't like people with 'perfect' credit ratings - they prefer the mid-range that might slip up and forget to pay (incurring interest) or in the case of credit cards, companies can charge higher interest rates to people with poorer ratings. Hopefully not being apocryphal, sure some geezer/ess in the finance industry can tell us the trooot
Associate
- Joined
- 20 Apr 2014
- Posts
- 1,865
- Location
- Herts/uk
We're giving all Noddle users 1/3 OFF Noddle Improve when bought in October.
Find out more http://www.noddle.co.uk
dont ya just love FREE things lol
They were praised by a few tabloids. I've never had any problems and neither have friends who use the service.
You can't take these things personally. A lot of people feel that being turned down for credit is a slight on their trustworthiness. It's simply a business decision by the company offering credit. If you don't fit their target market, you won't get credit and indeed you can get turned down for credit even though a credit agency might report you as having a better rating than someone who gets accepted.