Currys Interest Free

jmj_3

Be aware that current Currys 6 months interest free on laptops over £300 is not 'FREE'! While you only incur interest of 24.9% APR if you choose to pay for the product in instalments over a 36 months, if you choose to settle within 6 months (before instalments are debited), there is an admin fee of £25. This was not mentioned when I purchased my laptop. As a result of complaining, Curry's have agreed to cancel the credit agreement & I am going to pay the balance in full. However, this means another trip to the store to sort everything out!!

fozmcfc

I had this with a TV I bought off dabs.com in 2007. Same thing 0% over 12 months IIRC, but there was a £30 IIRC fee, so it wasn't totally interest free. I do remember though the fee was set out in front of me on the screen before I went ahead.

If bought online or in person then definately Currys should inform the customer.

As far the deal no longer being worth it, I suppose it depends on whether the customer thinks it is worth paying £25 for the convenience of paying for it 6 months later.

If a customer can't afford to pay for it now, but can afford to pay £325 over 6 months, then it's still a good deal, as the interest is minimal really.

TBH, if paying basically £1 a week over 24 weeks is a deal breaker than the customer can afford to pay for it in the first place.

Esqui

jmj wrote: »

Be aware that current Currys 6 months interest free on laptops over £300 is not 'FREE'! While you only incur interest of 24.9% APR if you choose to pay for the product in instalments over a 36 months, if you choose to settle within 6 months (before instalments are debited), there is an admin fee of £25. This was not mentioned when I purchased my laptop. As a result of complaining, Curry's have agreed to cancel the credit agreement & I am going to pay the balance in full. However, this means another trip to the store to sort everything out!!

You're getting confused between the Buy Now Pay Later, and the Interest Free.

BNPL has a 10% deposit, then pay the balance plus £25 admin fee within 6 months, or it's 36 months @ 24.9%
Interest Free is 10% deposit, then the remaining 90% over 6 months, no interest, no admin fee.

Your agreement seems to be a BNPL, not the interest free. So someone put you on the wrong one.