Check this for finance
29-02-2008, 12:34 PM
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Check this for finance
i have until 30/3/08 to pay for something a bought on 6 months interest free credit at a value of £3150 if i dont pay it i will be liable for monthly payments of £142.17 until the full balance is paid which is £5118.12 
Of course i always knew i'd pay it off within 6 months,but how many people just say that and cant,shouldnt be allowed really.
Of course i always knew i'd pay it off within 6 months,but how many people just say that and cant,shouldnt be allowed really.
29-02-2008, 01:16 PM
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I had that with me TV. Was £699 with no deposit and 9mts interest free... Cost me £25 per month for the 9 months and then cleared the rest of it off...
IF I never paid the thing off I would be liable for the 9mts original interest and interest on the rest of the payment. Can't remember the APR... Was not worth continuing the monthly payments tho!!
IF I never paid the thing off I would be liable for the 9mts original interest and interest on the rest of the payment. Can't remember the APR... Was not worth continuing the monthly payments tho!!
29-02-2008, 06:58 PM
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If someone is stupid enough NOT to read the small print before signing a HP Deal, then they deserve everything they get.
That said the sales assistant is meant to explain that if it's not a genuine IFC agreement, that the customer is liable to pay interest at the end of the term. But quite often they don't, I bought a new Sofa under those terms, and when they didn't explain it properly, I kicked off and asked to speak to the manager. After a brief discussion he not only offered his profound appologies, but also extended the IFC period and removed the second interest period
That said the sales assistant is meant to explain that if it's not a genuine IFC agreement, that the customer is liable to pay interest at the end of the term. But quite often they don't, I bought a new Sofa under those terms, and when they didn't explain it properly, I kicked off and asked to speak to the manager. After a brief discussion he not only offered his profound appologies, but also extended the IFC period and removed the second interest period
Last edited by GTechR; 29-02-2008 at 06:59 PM.
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