We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Interest with Very.
So I'm coming to the end of a 12m 'buy now pay later' period with Very.
I still owe £730 and the bnpl runs out on 15th August.
I've attached the info on my account.
What I want to know, if I didn't pay any of the £730 before then, would the amount I owe them now include the full £397.51 meaning I owe them £1127.51?
I still owe £730 and the bnpl runs out on 15th August.
I've attached the info on my account.
What I want to know, if I didn't pay any of the £730 before then, would the amount I owe them now include the full £397.51 meaning I owe them £1127.51?

0
Comments
-
So yes.
And probably a missed payment fee.0 -
I intend to pay it so won't miss a payment. I was just wondering if I didn't pay it all, would the interest be added in a way where I owe 730 and pay 50, but rather than the full 50 come off the loan, say 30 came off and 20 went to interest.0
-
It will pay off a mix of capital and interest. Check the agreement for the calculation.1
-
You would need to pay the full balance of £730 by 16 August to avoid the £400ish in interest.
It's all or nothing, not just a partial payment in this case, with the interest accruing from day one until paid if not fully paid by the end of the 0% offer.💙💛 💔2
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.1K Banking & Borrowing
- 252.8K Reduce Debt & Boost Income
- 453.1K Spending & Discounts
- 243K Work, Benefits & Business
- 597.4K Mortgages, Homes & Bills
- 176.5K Life & Family
- 256K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards