Buy now Pay later help?

[GenXchaos]

Hi im going to buy a pc soon which is at a price of £852, now i want to do the 10% deposit then pay the rest within 9 months, but it wants me to pay a £40 fee? i understand its an entrance fee to enter the V12 program but do i have to pay it every time i make a payment? or just once?

why i am asking is because i want to do the following:

pay the deposit now

pay £300 next month

pay remaining balance in January

now thats all within 9 months but do i have to pay £40 per payment? please help me soon!

[Bodin]

The £40 is an admin charge for the search they do on you rather than a charge for accepting a payment. That having been said I do not know whether you can pay in instalments. I understand the way it works is that as long as you pay it off in full at any point before the end of the 9 months you avoid the interest. If you fail to pay it in full before the end of the 9 months it reverts to an ordinary loan i.e. monthly payments including an amount for interest (which you should still be able to pay off at anytime but you become subject to interest charges).