Next Directory Service Charge?

Muffy_2

I have the Next Directory and owe about £500 on the account. I am trying to pay this off at £50 a month because the APR is high and I have noticed on the last few statements I am being charged about £12 "service charge"! Anybody help me understand what this means please? I am new to all this credit business and frankly I feel like Im being abused by Next. :sad:

skystar

Muffy, if that is the only "additional" charge on your bill then that will most likley be the interest owing on your balance.

grumbler

Account Information :

The NEXT Directory Flexible Account gives you instant credit so you can start ordering immediately. You will have a 14 day approval period after you receive your goods and a further one calendar month Interest Free period before you need to settle your account. You will receive a monthly statement giving full details of your transactions. There will be no service charge if you settle the account in full. There is a maximum monthly service charge of 2.014% variable (APR 26.49%) added to your account when a balance is carried forward to the next month.

BONJOEY

i wonder if the apr on a store card can be lowered? ive never asked anyone before, but just wondered! x

the service charge is the interest xx