Very Catalogue Advice please

Kyresa

They've also changed the BNPL periods. It's not automatic 12 months on anything now.

Spend over £100 for 6 months BNPL
£150 for 9 months BNPL
£250 for 12 months BNPL.

fozmcfc

TBH, most items I could pay for outright, but if you can buy it over a number of months without any interest, why not.

Only opened an account, because they had a DS Lite a while back for the same price as the shops and I could pay for it over 12 months.

None of my other credit accounts are at sub prime APR's.

Kyresa

fozmcfc wrote: »

TBH, most items I could pay for outright, but if you can buy it over a number of months without any interest, why not.

Only opened an account, because they had a DS Lite a while back for the same price as the shops and I could pay for it over 12 months.

None of my other credit accounts are at sub prime APR's.

Under the new terms, DS Lite would only be interest free over 6 months. Guess they want the cash in quicker!

ikkle87

TheGenerus1 wrote: »

Bankhater, I'm sure you don't get paid commission on a Littlewoods account either.

I think you may be a bit confused, It is not like a Avon catalogue.

You do get commission on Littlewoods accounts. It's done on levels dependent on how much you buy from them. It can only be spent on the catalogue though and not cashed out.

TheGenerus1

ikkle87 wrote: »

You do get commission on Littlewoods accounts. It's done on levels dependent on how much you buy from them. It can only be spent on the catalogue though and not cashed out.

I think you might be talking about their reward tiers.

melbell

geministar2008 wrote: »

Hello

Not sure if i'm posting in the right area......

I have a Very Catalogue with a high APR of 49.9%!!!!

Firstly if anyone knows, can i ask this to be varied?
No Underwriting will refuse the request


Secondly i am a bit concerned about the way they apply interest?

I have my statements online and havent really been checking them as much over the last few months and thought that my account balance was increasing some what, when i looked into it i have been charged £49 interest last month and £80 in May???!!!!! Now i always pay via the take 3 payment option, so in theory there should be no interest.
The items with the interest were bought on a buy now pay later option. However i am under the impression that the take 3 payment option is available when the balance becomes payable as the option is on the statement. But it seems not to be...

Has anyone have a similar experience with Very and if so how did they go about things? I have wrote to Very and i am awaiting correspondance re my queries.
I do not think i signed a credit agreement, so i guess i can go down that route. But things were running smoothly with my account so dont want to have a bad debt, but something just doesnt add up with the way the portray things. Also with the way the interest is being added on, my debt is rising!! :mad:

I answered your APR question

As for the interest. If you pay for the T3 items on Take 3 the payment will be either be 33% 50% or 100% payment depending on where in the cycle you are. this will be interest free. Before they sold out to Serco (Oh they forgot to tell the customers that amongst other things the contact centres are now owned by The Listening Company/Serco) they changed how Take 3 worked. it used to 33% x 3 but now its as I explained above.

If you've let BNPL mature to the account (Whilst I am not laughing at you it is a very very stupid thing to do when it comes to shop direct group) You will NOT be able to pay for this on Take 3 as they won't allow you more interest free period. You will be liable for the BNPL interest PLUS account interest on STD balance.

If you can get a 0% card on purchases for any period pay off Very. They will calculate interest on the closing balance!

I used to work for them so know about this.

I also know quite a big loophole for getting 12 months BNPL on any eligable purchase. The system used is Chordiant connect. When it comes to BNPL think Wonga sliders. PM me if you want the loop hole as if I was to publish the Preston special ops (Jumped up staff) will close it.

melbell

ikkle87 wrote: »

You do get commission on Littlewoods accounts. It's done on levels dependent on how much you buy from them. It can only be spent on the catalogue though and not cashed out.

Commission is dead, its now rewards.

Rewards are dead for new customers unless you shop via one of the KayandCo brands.

The tiers are as follows (for littlewoods and some Kay&Co accounts)

Silver Earn
Silver
Gold
Platinum
Exclusive Platinum

All earn money off their next order depending on tier. Exclusive Platinum (Which is closed to new members even previous members) can get a cheque sent to them for the cash rewards value. They share this regardless of the amount with the HRMC.

If you say "Ive got customers" they'll also tell HRMC as your acting as a business reselling. If one of your "Customers" fails to pay you. Unless certain critera is met you are liable.

melbell

Forgot to add before you go down the "Oh its unenforcable" You will have signed an agreement either online or by post.

melbell

geministar2008 wrote: »

also anyone reading this have you noticed how they sneakily increase your credit..... i ordered something and didnt realise it would take me just over my credit limit, then realised and thought the order wouldnt come, it did and when it did i was shocked to learn that they had obviously allowed the order and increased my credit limit somewhat higher than the amount that would have taken me slightly over. Not the first time this has happened to me with them either...... just all seems a bit suspect!

You get a 10% buffer over your limit for orders.

If it bothers you that much. Opt out of credit limit increases via Underwriting (161825)

No one forced you to order. You also agreed to the BNPL script either online or by phone. I still remember it word for word! You agree 6 times to interest information!

geministar2008

mellbell i pm 'd you. thanks for everyones thoughts. seems i have been rather silly but need to get around it somehow, ill have more buy later coming to an end later in the year! and concerned i cannot afford the charges and so on oh dear!

i didnt sign a credit agreement do i have a leg to stand on?!