Question about paying on finance

[smmden]

I have a build, ready to purchase.
I've been checking here every now and then to talk to the online support but had no luck, thought I'd post my Q on the forums.

I'd like to buy a build on finance.
My question is, is it possible to pay a large amount here and there to shorten the date of when it has to be paid off? Or is it restricted to the amount it says in the quote per month?

 

[tom_gr7]

I think you would be best calling up PCS for this.

If you click here, you can see the call waiting times.

 

[keynes]

My question is, is it possible to pay a large amount here and there to shorten the date of when it has to be paid off? Or is it restricted to the amount it says in the quote per month?

As far as I know you are not able to make a large payment to reduce the credit agreement, the credit agreement is based on the value of your spec. You have the choice to clear the debt within the first 12 months if you want to avoid any interest payment but there is an administration charge for that.

 

[vanthus]

the "consumer finance" page gives this information.
"Note: If you have taken out a "Buy Now Pay Later" finance option and wish to settle the outstanding balance early in order to avoid rolling over to the interest bearing repayments, you must pay off the whole balance in one go. You cannot settle "bit by bit".
http://www.pcspecialist.co.uk/finance/

 

[steaky360]

As said above, you can not amend the monthly payments. You can however 'keep' any additional money and pay the entire balance off before the end of one year.

 

[smmden]

Thanks guys that's a huge help.
:sweatdrop: