Section 75 or cashback

ApolloHubble

Can I just confirm that if I put a deposit down on double glazing windows with credit card, but paid the rest with a different method, the credit card is liable for the company going bust or any other issues?
The company is reputable and also on FENSA, but just wanted to check. Many thanks

DullGreyGuy

Assuming it's under £30,000 then yes, as long as part of the money is directly paid to the supplier by the debtor then the creditor will be liable for the full amount under S75. 

However, if you pay the deposit by credit card and the rest by debit card you would most likely do a chargeback against each card issuer for the amount paid on each for an insolvency event. 

born_again

All depends on the total cost.
But a 1p deposit will cover the cost so long as over £100 & not exceeding £30K

Although S75 would not be used if co goes bust. As you would only have paid the deposit.. NOT the whole amount until after they had been installed.

ApolloHubble

DullGreyGuy said:

Assuming it's under £30,000 then yes, as long as part of the money is directly paid to the supplier by the debtor then the creditor will be liable for the full amount under S75. 

However, if you pay the deposit by credit card and the rest by debit card you would most likely do a chargeback against each card issuer for the amount paid on each for an insolvency event. 

We're looking at paying the deposit by CC then take finance on a 0% for 9 months.

born_again

ApolloHubble said:

DullGreyGuy said:

Assuming it's under £30,000 then yes, as long as part of the money is directly paid to the supplier by the debtor then the creditor will be liable for the full amount under S75. 

However, if you pay the deposit by credit card and the rest by debit card you would most likely do a chargeback against each card issuer for the amount paid on each for an insolvency event. 

We're looking at paying the deposit by CC then take finance on a 0% for 9 months.

So best option would be s75 via finance provider.

ApolloHubble

born_again said:

ApolloHubble said:

DullGreyGuy said:

Assuming it's under £30,000 then yes, as long as part of the money is directly paid to the supplier by the debtor then the creditor will be liable for the full amount under S75. 

However, if you pay the deposit by credit card and the rest by debit card you would most likely do a chargeback against each card issuer for the amount paid on each for an insolvency event. 

We're looking at paying the deposit by CC then take finance on a 0% for 9 months.

So best option would be s75 via finance provider.

Pay 25% by credit card, then take out finance which starts interest payments unless we pay within the nine months. We have done this when buying washing machines etc with PC World/Currys. 

NOVUNA 9 MONTHS BUY NOW PAY LATER 19.9% APR FIXED

 - if settled in full within the deferral period, then there is no interest to pay.

would we be covered?

CliveOfIndia

Yes, you'd still get the standard S75 cover, subject to the usual caveats.

Depending on the type of credit you've taken out for the balance, that credit provider might also have a S75 obligation.  This has the potential to make any claim a little more of a hassle, as each of the two credit providers may try to shift the burden to the other one.

born_again

ApolloHubble said:

born_again said:

ApolloHubble said:

DullGreyGuy said:

Assuming it's under £30,000 then yes, as long as part of the money is directly paid to the supplier by the debtor then the creditor will be liable for the full amount under S75. 

However, if you pay the deposit by credit card and the rest by debit card you would most likely do a chargeback against each card issuer for the amount paid on each for an insolvency event. 

We're looking at paying the deposit by CC then take finance on a 0% for 9 months.

So best option would be s75 via finance provider.

Pay 25% by credit card, then take out finance which starts interest payments unless we pay within the nine months. We have done this when buying washing machines etc with PC World/Currys. 

NOVUNA 9 MONTHS BUY NOW PAY LATER 19.9% APR FIXED

 - if settled in full within the deferral period, then there is no interest to pay.

would we be covered?

So when are windows being installed?
You should not be paying towards any finance till they are installed. Who is arranging it, installer?

S75 is not a insurance or get out of jail free card.

So until anything happens it is hard to give a accurate answer.