0% finance at did electrical

neety

hi,
for anyone feeling the pinch this christmas this is a great option,you have a choice of 6 or 12 month interest free finance,you pay 10% upfront and the rest is payable completly interest free over the next 6 or 12 months

knighted_1

neety wrote: »

hi,
for anyone feeling the pinch this christmas this is a great option,you have a choice of 6 or 12 month interest free finance,you pay 10% upfront and the rest is payable completly interest free over the next 6 or 12 months

what company is carrying the finance?

neety

creation finance

Greentree_uk

damn it, just bought my washer and dryer. 0% would have been handy

cast_iron

Greentree_uk wrote: »

damn it, just bought my washer and dryer. 0% would have been handy

Here's my bargain alert:

If you need to pay for something over 6 to 12 months in order to purchase said item, you can't actually afford it.

It's the very concept that has the country in the state it's in a the moment.

Sagat06

cast_iron wrote: »

Here's my bargain alert:

If you need to pay for something over 6 to 12 months in order to purchase said item, you can't actually afford it.

It's the very concept that has the country in the state it's in a the moment.

Dude thats a shocking statement :eek:

parsi

cast_iron wrote: »

Here's my bargain alert:

If you need to pay for something over 6 to 12 months in order to purchase said item, you can't actually afford it.

It's the very concept that has the country in the state it's in a the moment.

Paying for something interest-free is actually quite an efficient way of doing it as long as the scheme is a proper equal payments one (ie not 2euro a month a then a balloon payment of 998eur) and you use direct debit .

Using this type of scheme you've the goods and most of your money.

When we setup home many moons ago a lot of our bigger purchases were done in this fashion.

dodzy

cast_iron wrote: »

Here's my bargain alert:

If you need to pay for something over 6 to 12 months in order to purchase said item, you can't actually afford it.

It's the very concept that has the country in the state it's in a the moment.

BS:rolleyes:

Joey the lips

cast_iron wrote: »

Here's my bargain alert:

If you need to pay for something over 6 to 12 months in order to purchase said item, you can't actually afford it.

It's the very concept that has the country in the state it's in a the moment.

I guarantee you know nothing about a true recession with that statement. Yes you can afford it if you save for 6 or 12 months but you tell a mom of 3 with a broken washing machine or cooker that they will have to wait 6 months for a new one and you will see how the recession effects. Traditionally you paid interest now there is no interest. Even better than the credit union and the great thing about this is if in 12 months you are finding it tough you can borrow from the local credit union.

ozt9vdujny3srf

Free credit = good thing.

However a lot of these 0% finance offers have some hefty penalties for late or missed payments.

bk

cast_iron wrote: »

Here's my bargain alert:

If you need to pay for something over 6 to 12 months in order to purchase said item, you can't actually afford it.

It's the very concept that has the country in the state it's in a the moment.

That maybe true for some luxury items like a new TV, etc.

However a washing machine or cooker isn't really a luxury, they aren't something you could go for 6 to 12 months without.

eth0_

cast_iron wrote: »

Here's my bargain alert:

If you need to pay for something over 6 to 12 months in order to purchase said item, you can't actually afford it.

It's the very concept that has the country in the state it's in a the moment.

Hire purchase has the country in this state? I think it's a little bit more complicated than that!

These offers are great if you need to beef up your credit rating - that is, if you pay the installments on time and settle the remainder in full and on time.

yoshytoshy

Great time of the year for 0% credit ,fair play to them.

hairy cake

Sagat06 wrote: »

Dude thats a shocking statement :eek:

Shocking but nonetheless true.

yoshytoshy

hairy cake wrote: »

Shocking but nonetheless true.

It's about as true as the bankers are.

Tipsy Mac

Can anyone get on their website, seems to be down all weekend.

viking

Any minimum spend required for 0% finance?

fifth

Went to my local DID today saw nothing about 0% finance. Is this all stores?

T-Square

cast_iron wrote: »

Here's my bargain alert:

If you need to pay for something over 6 to 12 months in order to purchase said item, you can't actually afford it.

It's the very concept that has the country in the state it's in a the moment.

0% finance is based upon the following premise

• the borrower will forget to make the payments on the prescribed dates
• when this occurs the loan will then convert to 25%+ rate of interest

It ain't cheap and it ain't free, avoid 0% at all costs.
It really is a mugs game, and if you need it, you can't afford the item.

neety

i got credit with them, there is nothing advertised you just ask the sales staff.whatever you get you pay 10% upfront then the rest is payed by direct debit over 6 or 12 months.dont think there is a minumum amount

fifth

neety wrote: »

i got credit with them, there is nothing advertised you just ask the sales staff.whatever you get you pay 10% upfront then the rest is payed by direct debit over 6 or 12 months.dont think there is a minumum amount

How does their credit check work? Is it a proper check with the ICB or do they do the usual and ask to look through your bank statements?

neety

i presume they check with the ICB, they want employer details, proof of identity and a utility bill for proof of address

Nicole22

http://forums.moneysavingexpert.com/showthread.php?t=405598