Barclays partner finance advice

Erynk

Hello,

looking for some advice after failing to find anything useful online. We paid our deposit for a kitchen at wrens, we now are ready to go forward with delivery so have the bill to settle. Luckily my parents have offered us the money to pay it off completely. Initially we had planned to pay on finance but due to COVID-19 our credit ratings dropped. We both have credit cards we’d like to pay off. We considered paying off our cards instead, therefore improving our rating and taking the finance option. However, after some research online I’ve seen some pretty bad reviews for Barclays partner finance. Many saying they had good ratings and still got rejected, or have been charged when they finished paying. 

I suppose my questions are: has anybody used Barclay partner finance and felt it was a fine experience? A good credit rating for these things? 

We thought we’d apply for the finance and if rejected pay outright, if accepted take the finance and pay our cards off, but the reviews about the finance have worried us. 

Sorry for the ramble, thanks in advance for any responses. 

D3xt3r5L4b

How do you know your credit rating dropped? Did Barclays Finance tell you this explicitly?

Of you’re referring to the “rating” the CRA’s give you turn you can safely ignore these, as well as ignoring the reviews on TrustPilot.

People will leave a negative review about not getting a loan despite having “good credit ratings” because this is the drivel that CRA’s have been drip-feeding consumers all these years. 

sleepyjones

When you talk about "finance" do you mean a traditional Finance of goods, or are you just talking about a loan?

I bought my car with BPF and never had any issues, my credit rating wasn't great at the time (maybe a car is different because they can easily repo' that).
I never saw any of that money though, they paid it directly to the dealer so you might not be able to use that money to pay off your credit cards, depends on what kind of agreement it is.  So, I would assume if it was Financing on a Kitchen, they they would pay it directly to Wren, but I would have thought you would need to specify this at the time of ordering?

Paying off your credit cards won't increase your credit worthiness instantly and I assume Wren will want their money now.
I think you need to apply for the finance and see what the APR / fees you get offered and then work out which is the cheapest option.  You can always cancel it if you decide to just pay it off in cash.

You've taken a risky route though, ordering a kitchen without the means in place to actually pay for it.