Jump to content


very increased to 49.9% during buy now pay later - unfair?


kp278
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 3172 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

hi, i've got a couple of things on buy now pay later with very. in the past i've paid them off before the interest kicks in and the others should be no different, though i do have a big one at £500 due next month. i received a letter today advising the apr will be going upto 49.9% and will apply to purchases not yet due for payment.

 

is it contractually fair that they can increase the apr on something i bought 11 months ago when the apr was lower?

 

thanks, kris

Link to post
Share on other sites

alas no...

 

The interest rate change will apply to your outstanding balance (including purchases or transactions not yet due for payment) and new purchases or transactions.

Link to post
Share on other sites

Phone the Money Advice Service on their freephone. Pretty sure that the FCA does not allow interest rate to be increased on existing credit purchase accounts in this situation. Had you known, you may not have taken it out, given the consequence of late payment.

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group

 

If you want advice on your thread please PM me a link to your thread

Link to post
Share on other sites

  • dx100uk changed the title to very increased to 49.9% during buy now pay later - unfair?
  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...