Yes, allocating payments to Buy Now Pay Later will not cover the minimum payment for your Littlewoods account. Buy Now Pay Later availability is subject to your credit and account status.ĭo I still have to pay my minimum payment? The costs for delivery, installation services and any warranty and insurance products cannot be placed on Buy Now Pay Later. If you have paid the cash price in full before the end of the delayed payment period, you will not pay any interest. The repayment amount agreed for the repayment period will remain the same, meaning the repayment period may be shorter than originally agreed. If you have made partial payments, but not cleared the full cash price before the end of the delayed payment period, the outstanding balance plus a reduced lump sum of compound interest will become payable. This will now be included in your account minimum payment request each month. If you have not made any payments towards your Buy Now Pay Later, the outstanding balance plus the lump sum of compound interest will be payable across your chosen repayment period. What happens after the delayed payment period? To make a full or partial payment simply log into My Account, choose "Make a payment", select "Pay Buy Now Pay Later" and allocate your payment to the specific item(s) you wish to pay off. How do I make a Buy Now Pay Later payment? Remember if you choose not to pay the full cash price before the end of the delayed payment period any outstanding balance plus the lump sum of compound interest applied at the date of order will become payable. Making partial payments may result in a portion of the lump sum of compound interest being refunded at the end of the delayed payment period. This can be done in one full payment or multiple partial payments. You can avoid paying all interest for both periods by paying the cash price before the end of the delayed payment period. Your interest rate is personal to you and will be detailed in checkout. This calculation factors in the planned payments that are requested during the repayment period. Interest is calculated and compounded daily at a typical rate of 44.9% per annum for the delayed payment period and repayment period and is charged to your account at date of order as a lump sum. Interest will be charged for the delayed payment period and the chosen repayment period. The delayed payment period starts from the date of order (including pre-ordered items and those not ready for immediate dispatch).Ī delayed payment period of 12 months and then a repayment period of 104 weeks when you spend £50 or more.Ī delayed payment period of 12 months and then a repayment period of 156 weeks when you spend £99 or more. 20% off Selected Full Price Fashion & Sportswearīuy Now Pay Later is an interest bearing option that allows you to delay payments on your purchases for up to 12 months. SALE - Extra 20% off Selected Fashion Styles.
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