Scan finance Programme

[GhostMjr]

I was thinking of going for the 9 month programme to buy a couple of bits and bobs that total to about £600. I am pretty new to this kind of thing so could someone explain to me what exactly it is.

Thanks

[crazychambers]

If its anything like the ones that we used to have at work, it'll be like this:

9 month, at a guess buy now pay later.
You'll have to pay a deposite (having a quick look 10% of the overall cost) if you pass the credit checks. After this so long as you pay the remainging balance off (if you spending £600, £540 will need to be paid back) within the option period (9 months time frame), you will only be charged a £25 admin fee ontop of the £540. If you let it go past the 9 month period however, you get hit by a shed load of interest....

HTH

[DavidM]

Some details can be found here

[neonplanet40]

Just for curiosity. If you had the money available before the 9 months were up, could you pay it before hand?

Neon

[markbrown83]

You can pay it anytime you like. I have been paying around £50 each month to my Finance purchase... its all good.

[neonplanet40]

Im really tempted! Thats the thing with dam loans though!!! Its just too easy ! lol grrr

[markbrown83]

Yeah I know what you mean... already thinking about doing it again and I haven't paid the previous one yet... but the sound of a geforce 8800gtx is very tempting