Credit Options - What is Buy Now Pay Later & Spread the Cost?

When purchasing an item on finance online, you will be able to take advantage of a number of different repayment options which can make it easier for you to control your finances and budget more effectively. The two most common credit options are spreading the cost of a purchase over a prolonged period of time, and Buy Now Pay Later - where you will be able to pay for the total sum of your order at a later date.

Other advantages of ordering online on finance include competitive prices, fast shipping direct to your door, and access to a customer service support system, where you will be able to converse with a company representative if you have a query about your order, or just need some additional information about the repayment options available to you.

Spreading the Cost

You will be able to spread the cost of a more expensive item over a period of time, ideal if you want to purchase an electrical item and don't have the cash to pay for the item in full. You will be able to have the product delivered directly to your door and then make repayments every week, month or quarter until you pay for the item outright.

In order to have items delivered to you on credit, you will need to choose a company and open a new credit account. Doing so is straight-forward, and there are a wide range of different catalogue companies that offer this service, for example Dial a TV, Look Again, and Next. Credit provided subject to successful credit and affordability checks.

You will then receive a monthly statement which will detail any purchases you have made in the last billing period, and the minimum monthly payment you will need to make. You can control your finances by checking your online account, and can make repayments via the internet or over the phone.

Buy Now Pay Later

Buy Now Pay Later allows you to purchase an item on credit, and then pay the entire sum at a later date. The date by which you will need to make your payment will depend on the company, but could be within 3 months, 6 months, 12 months, or 24 months.

You will need to provide some details about yourself when making a new application for Buy Now Pay Later - including the address you want the items to be sent to - and may have to provide some additional documentation to help further your application, such as your driving license or a bank statement for identity purposes.

Once your application has been accepted, you will be able to choose from a wide range of different products, including clothing, toys, gifts, and consumer electronics - ideal if you want to buy a gift for a loved one, or purchase an item for yourself.