Dfs Credit

Robgreeny

Ive recently agreed to buy a sofa from dfs on the 0% deal. I signed the commitment to buy the sofa and the credit agreement, it was all rosie. That was until today when i got phone call off the salesman saying i had failed the credit check. The salesman then said can you get someone else to apply for credit for me or alternatively pay the full whack when the sofa is delivered. I have quarms about asking anyone else to apply for credit for me and i certainly cannot afford to pay whole amount in 1 go.

I also have a concern because they put the check through 3 times! as it turns out with the name of my employer spelt wrong! I have a worry that this might ruin any chance of getting credit anywhere.

The credit agreement on the back in clause 1 says "When we have signed this agreement, we will lend you the amount of credit shown on page 1 ....." the very same salesman has signed the agreement. There is no mention of actually doing a credit check. My question is - can dfs demand the money in 1 go because i signed for buying the sofa (i think i know the answer to this but dont want to face the truth) and secondary - if they have signed the form as above - which as my understanding is a comitment to lend me the money - is this a commitment to lend and can they pull out of it?

skintlass

There are a couple of online credit checking companies where you can check your credit status.Experian and equifax. I think it costs a small fee but may be worth it for peace of mind.

minnie123

Yeah I agree with poster above I would definately do a credit check.

sc0ttyb0y

Have you had any problems in the past getting credit ??

If not ,i wouldnt do a credit check .I would ask the salesman if he can find out anymore why you were declined to see that it's not down to like you say the miss-spelling of your employers name .

I wouldnt imagine they can demand you pay in full ,the simple fact is unless you get finance the only way you will get the goods is by paying them first .

Remember finance companies are being more fussy over who they accept & making sure that your details are all correct is even more important now .

Lil_Mothachucka

I really don't know why people still agree to all this buy now pay later finance packages, i used to sell these for HFC bank and it is a load of bullox!!

this is what u do: apply for a new credit card that has a introductory offer, like 0% for 9-12 months or so.

Pay for the sofa (all of it on the card) and about 6 weeks before your introductory offer finishes, transfer the balance to another card. This is like re-financing the debt onto another card. Obviously there is a balance transfer fee involved like 3% but at least u don't have to come up with the lump sum when your interest free period ends on your finance package.

parisjordana

sometimes the easiest options arnt always there for us to see.....you are so right with the credit card....and I wouldnt realy have thought about that yet its the most obvious ,that realy sums me up.....

wookie_2

i agree with the 0% credit card option, however i opted for the 0% over 3 yrs, yes worth a credit check as well. The other option is dont buy the sofa. No credit no sofa. Simple. Happy new year. Lol

fairyloveheart

I wouldn't buy the sofa, my dfs sofa is rubbish. They delivered completely the wrong one, delivery took months and months and the interest free ting kicked in before the sofa arrived...

geri1965_2

fairyloveheart wrote: »

I wouldn't buy the sofa, my dfs sofa is rubbish. They delivered completely the wrong one, delivery took months and months and the interest free ting kicked in before the sofa arrived...

What, it took a year to arrive? You don't start paying for it before it arrives, surely?

fairyloveheart

Sorry, I didn't explain well. I opted for the one year no payments and 2 years interest free. Ordered sofa in Jan 07, started paying in Jan 08, even though didn't get the sofa till May!

Dizzie77

Lil_Mothachucka wrote: »

I really don't know why people still agree to all this buy now pay later finance packages, i used to sell these for HFC bank and it is a load of bullox!!

this is what u do: apply for a new credit card that has a introductory offer, like 0% for 9-12 months or so.

Pay for the sofa (all of it on the card) and about 6 weeks before your introductory offer finishes, transfer the balance to another card. This is like re-financing the debt onto another card. Obviously there is a balance transfer fee involved like 3% but at least u don't have to come up with the lump sum when your interest free period ends on your finance package.

My Dad paid got his lounge furniture from DFS when they had 12 months interest free - just before the end of the 12 months, he paid for it all on his (reward earning) credit card and then paid the balance immediately. So he benefited from interest free credit for a year, £4k worth of reward points on his credit card and no interest...!! :T