Littlewoods, BNPL help

CDaniels1987

Ok so I am looking at purchasing something on buy now pay later, I have £500 of my credit left, the item I am looking at buying is £479, but I would like it on BNPL, when I select BNPL the price goes upto £630, obviously its only this price if you do not pay it off in the interest free period.

My question is which amount gets taken off my credit limit, would it be the £479 price or the £630 price? it says £630 on the one itinerary and then £470 on the right hand side itinerary.

Any help appreciated.

samtoby

The amount you spend.

The interest will be added after if you do not clear in the interest free period.

If you don't pay anything then you may go over your limit.

CDaniels1987

Ah thats great thanks, so £479 will come off the limit? and then if its not paid off before the end of the interest free period the rest comes off which could potentially put me over limit?

samtoby

Exactly.

chanz4

Every ones correct, also when you place the order your limit will go up so dont worry. Also when you come to pay, use a cashback or reqards credit card

Littlewoods

CDaniels1987 wrote: »

Ok so I am looking at purchasing something on buy now pay later, I have £500 of my credit left, the item I am looking at buying is £479, but I would like it on BNPL, when I select BNPL the price goes upto £630, obviously its only this price if you do not pay it off in the interest free period.

My question is which amount gets taken off my credit limit, would it be the £479 price or the £630 price? it says £630 on the one itinerary and then £470 on the right hand side itinerary.

Any help appreciated.

Hi CDaniels1987,

When you place an order on Buy Now Pay Later, the full amount including interest will be deducted from your credit limit. If you do not have enough available credit your order may not process and will be referred on your account.

If you pay the full cash price of your purchase before the Buy Now Pay Later expires, the interest will be removed from your account.

If you do have any further questions regarding Buy Now Pay Later, or if there is anything more we can help with on your account please do not hesitate to contact us via Help@Littlewoods.co.uk.

Many thanks,

Sara
Littlewoods Company Representative.

CDaniels1987

Well that seems a bit rubbish taking it off straight away considering its an interest free period especially as it cranks the price up so much.

chanz4

Littlewoods_company_representative wrote: »

Hi CDaniels1987,

When you place an order on Buy Now Pay Later, the full amount including interest will be deducted from your credit limit. If you do not have enough available credit your order may not process and will be referred on your account.

If you pay the full cash price of your purchase before the Buy Now Pay Later expires, the interest will be removed from your account.

If you do have any further questions regarding Buy Now Pay Later, or if there is anything more we can help with on your account please do not hesitate to contact us via [EMAIL="Help@Littlewoods.co.uk"]Help@Littlewoods.co.uk[/EMAIL].

Many thanks,

Sara
Littlewoods Company Representative.

Think you should check, as this has never ever happend. The intrest is never taken off the available until the BNPL has finished

sscott5581

The cost of item purchased and interest are not charged to your account until after the BNPL ends, the month and statement number will be highlighted on your statement to show when this would be charged to account.

However your available credit will be adjusted for the item purchased and total interest that would be charged if the cost of the item is not paid in full before the end of BNPL.

If the BNPL item is paid before the BNPL is posted to account the interest will be added back to your available credit.

Hope this helps.

sscott5581

chanz4 wrote: »

Think you should check, as this has never ever happend. The intrest is never taken off the available until the BNPL has finished

I have had my K and co account for years (same company has littlewoods) and any BNPL that I had the cost of item plus interest is 'earmarked' against credit limit i.e. available credit is reduced by the total cost of item plus planned interest if BNPL is not paid in time.

gotmurked

This has never happened on any of the BNPL purchases I have made through my Very account (which is part of the same group, so I believe). This includes my last purchase of an LED television which was made just over a week ago. Balance only went up by the actual cost of the television, no potential interest in 12 months time was calculated in to the higher balance. It did however trigger one of their instant credit limit increases. Very strange.