Credit Info
We are now able to offer easy monthly payments for all our products
just add what you need to basket and at checkout click on apply for
monthly payment option instead of credit card payment
Please
Note: When processing a credit
application, the files of a registered credit reference agency
will be consulted, who may record the search.
|
Personal Account Calculator Tables
|
|
Minimum
Monthly Payment £10
Customer can spend up to 20 times their monthly instalments
|
|
Minimum
Monthly Payment
|
Cost
of Goods or Balance After Deposit
|
Minimum
Monthly Payment
|
Cost
of Goods or Balance After Deposit
|
|
10
|
75
- 200
|
35
|
681
- 700
|
|
11
|
201
- 220
|
36
|
701
- 720
|
|
12
|
221
- 240
|
37
|
721
- 740
|
|
13
|
241
- 260
|
38
|
741
- 760
|
|
14
|
261
- 280
|
39
|
761
- 780
|
|
15
|
281
- 300
|
40
|
781
- 800
|
|
16
|
301
- 320
|
41
|
801
- 820
|
|
17
|
321
- 340
|
42
|
821
- 840
|
|
18
|
341
- 360
|
43
|
841
- 860
|
|
19
|
361
- 380
|
44
|
861
- 880
|
|
20
|
381
- 400
|
45
|
881
- 900
|
|
21
|
401
- 420
|
46
|
901
- 920
|
|
22
|
421
- 440
|
47
|
921
- 940
|
|
23
|
441
- 460
|
48
|
941
- 960
|
|
24
|
461
- 480
|
49
|
961
- 980
|
|
25
|
481
- 500
|
50
|
981
- 1000
|
|
26
|
501
- 520
|
51
|
1001
- 1020
|
|
27
|
521
- 540
|
52
|
1021
- 1040
|
|
28
|
541
- 560
|
53
|
1041
- 1060
|
|
29
|
561
- 580
|
54
|
1061
- 1080
|
|
30
|
581
- 600
|
55
|
1081
- 1100
|
|
31
|
601
- 620
|
56
|
1101
- 1120
|
|
32
|
621
- 640
|
57
|
1121
- 1140
|
|
33
|
641
- 660
|
58
|
1141
- 1160
|
|
34
|
661
- 680
|
59
|
1161
- 1180
|
| |
|
60
|
1181
- 1200
|
Personal
Account
1.
What is a personal account?
It's a budget account, i.e. the customer pays a minimum
monthly repayment. If however the customer pays more than
the minimum repayment this will reduce the amount of interest
he/she will pay and the length of time taken to clear account.
2. How much does the customer pay today?
No deposit required.
3.
How is interest charged on an account?
Interest is calculated on the daily balance outstanding
from the date of purchase. This means the customer can clear
his / her account at any time with no penalty for early settlement.
4.
Interest Rates
| |
Monthly
|
APR
|
| Direct
Debit |
2.2%
|
29.8%
|
| Payment
Book |
2.3%
|
31.4%
|
Explaining interest rates in percentage and APR's can be confusing.
An easier way to explain interest rates to your customer is
in £'s and pence, e.g. the interest works out at only £2.20
per month on every £100 of your balance.
5.
How does a customer make payments?
Customers have a choice of payment methods-
a) Direct Debit - (Minimum Payment only).
b) Payment Book - Sent to all account holders, including those
paying by direct debit. Payments can be made in any High Street
bank or posted direct to Clydesdale Financial Services Ltd.
6.
Is payment protection Insurance Available?
No. Due to new Government Rules we can no longer offer Payment Protection.
7.
How often does the customer receive a statement?
The customer will receive an initial statement confirming
details of their first purchase, thereafter regular statements
will be sent.
8.
How much has the customer available to spend on his/her account?
The customers statement not only contains details of
purchases and charges but more importantly clearly shows at
the top the statement the amount they still have available
to spend in your store at the statement date.
Licensed
credit broker.
Written details on request - subject to status.
Click
here
to download a PDF Credit Application Form (40k). Once completed
please return by fax to 01292 618686 or post to Motorspeed,
35 Burns Statue Square, Ayr, KA7 1SZ
To
view the PDF Credit Application form you will require an installed
copy of Adobe Acrobat Reader.
If you do not have Acrobat Reader, click
here to download a free copy.
