V12 Finance

MichaelCR01

Hey,

Im looking at buying a new Camera for my part time photography course, And to hopefully start freelance photography very soon, I've browsed through jessops, Filled up my basket with the items i'd like to buy, Which adds upto £1647, I've been directed to the payment page, And have noticed there is a 12 month payment option at 0% interest, I'd like to take this, However being my first credit agreement im abit nervious about applying, I know its a silly reason, But im worried about being rejected and having a negative mark on my credit report, To up the chances of acceptance, I've doubled my deposit from the minimal £167 they wanted to £400, Which comes to £103 a month, Which i can easilly afford on my full time wage, I dont have any credit cards, Or other credit agreements, Im on the electoral Roll, I've been atmy adress for 16 years, Havent been working for long, But there not asking for 'time with employer', I earn about £800 a month after tax reductions, Also i'd like to finance a laptop (£550ish) from Laptops Direct who also use V12 finance, The finance im after is over 36 months, With a 10% deposit, at £18 a month.

A couple of Questions realiy, Firstly, Has anyone here applyed for finance through V12 in a simular situation and been accepted ? How quick was the process and how easy would you guys say it would be to get this sort of credit ?

And If i where to be accepted through jessops, And applyed for finance on the laptop, Would the chances of being rejected be higher due to me already having a finance agreement through them ? or will it be the same ?

Thanks guys.

Kindest Regards

Mike.

chase1080

I applied with v12 nearly 3 years ago, i went for the buy now pay in 9 months at 0% interest, however i failed to pay the full balance in time so they put me on a 36 month agreement at about 30+ interest which i have just paid off on an early settlement

I got accepted very easy and i bought about 1500 pounds of stuff and my income wasnt that great. the turnaround for setting up its pretty quick, they send u an agreement out, u sign it, then send it back. takes about 7 days, if u send it back straight away.

One thing to look out for is on the agreement they automatically filled out the PPI insurance, which i didnt release until 2 years later, so just be careful with that, cant really advise any more but there ok to use

Thanks

Michael

paulmcerlean

I always have problems with them (like others) as they search Callcredit and can find no history on me.

welshy1982

If it's 0% great, but if you think you aren't going to clear the balance in the 0% period, closer to the end of the 12 months make sure you get yourself a low apr (or 0% for 6 - 18 months) credit card and shift the balance so you do get charged through the nose!

immoral_angeluk

As someone who's done a fulltime photography course (BTEC) in the past I can tell you now that spending over 1.5k on camera equipment is pointless. It'll be out of date in 6 months and the depriciation is ridiculous. Also anything over about 8 MP has no real significant benefit. You can get something that does the job brilliantly for around £300 and the photographer is only as good as their eye, not their camera.
For an amateur you're better off looking at something like a canon eos 500 at the very most with a 35mm lense and a telefoto. There is absolutely no point spending more than about £600. I used a minolta x-700 when I did my course. A manual 35mm SLR and it's much better to work with old style photography and learn to manipulate your images than to do it all digital and everything on computers.
Speak to your course tutor and see what they suggest. I know when I did my course they had equipment available to use so you may not need to buy one at this stage anyway. But buying professional level equipment is pointless and a waste of money IMHO.

Clive_Woody

immoral_angeluk wrote: »

As someone who's done a fulltime photography course (BTEC) in the past I can tell you now that spending over 1.5k on camera equipment is pointless. It'll be out of date in 6 months and the depriciation is ridiculous. Also anything over about 8 MP has no real significant benefit. You can get something that does the job brilliantly for around £300 and the photographer is only as good as their eye, not their camera.
For an amateur you're better off looking at something like a canon eos 500 at the very most with a 35mm lense and a telefoto. There is absolutely no point spending more than about £600. I used a minolta x-700 when I did my course. A manual 35mm SLR and it's much better to work with old style photography and learn to manipulate your images than to do it all digital and everything on computers.
Speak to your course tutor and see what they suggest. I know when I did my course they had equipment available to use so you may not need to buy one at this stage anyway. But buying professional level equipment is pointless and a waste of money IMHO.

Very good advice, I could not agree more :T

immoral_angeluk

For the record technically I'm a qualified photographer athough it's not the job I do now.. but as I'm currently paying off debt I use my 5MP camera phone. I could happily show you some of the images I've gotten out of it just to prove my point

MichaelCR01

immoral_angeluk wrote: »

As someone who's done a fulltime photography course (BTEC) in the past I can tell you now that spending over 1.5k on camera equipment is pointless. It'll be out of date in 6 months and the depriciation is ridiculous. Also anything over about 8 MP has no real significant benefit. You can get something that does the job brilliantly for around £300 and the photographer is only as good as their eye, not their camera.
For an amateur you're better off looking at something like a canon eos 500 at the very most with a 35mm lense and a telefoto. There is absolutely no point spending more than about £600. I used a minolta x-700 when I did my course. A manual 35mm SLR and it's much better to work with old style photography and learn to manipulate your images than to do it all digital and everything on computers.
Speak to your course tutor and see what they suggest. I know when I did my course they had equipment available to use so you may not need to buy one at this stage anyway. But buying professional level equipment is pointless and a waste of money IMHO.

Yeah, The camera is only costing me £550ish (nikon D90) with a Nikon 18-105VRmm lens which adds up to £799 togeather, Im aware Megapixels are pretty much meaningless when anyhigher then 6mp, However i currently own a D40, And the functionallity of this D-SLR is limited for me now, As i've had it for one and a half year, And learnt so much in that time, The D90 Boosts a 12.3mp DX CMOS sensor, So picture qaulity for my kind of photography will be better, and i can print out photo prints at a larger size without loss in qaulity where as with the D40 i cant, Also the bulk of the money is going on another (Nikon 70-300mm VR), Nikon 50mm Prime lens, Nikon Battery grip, Spare Battery as i travel abroad alot, Good solid Tripod, 16gb memory card, camera bag, Filters, remote shutter etc etc, Maybe even a Sigma 150-500mm OS should i decide to sub the 70-300mm VR and prime lens for that instead.

Thanks for your replys everyone

Mike.