Credit Terms & Conditions
Colourtools is now able to offer you full credit terms when you purchase products from our website.
There are two scemes available.
Scheme 1 - Buy Now ... Pay 6 Months Later
Buy any products from our website and pay NO DEPOSIT - although the finance company will look more favourably on your application if you are prepared to pay a deposit of 10%.
Settle the amount due any time within 6 months (and you will get a reminder!) and there is NO INTEREST. If you decide not to settle the outstanding amount after 6 months, you will then be charged interest at 29.80% over a 4 year total term.
Example:
Buy Products valued at £1,100.00
Less deposit of £100.00 Finance amount £1,000
Pay the balance within 6 months NO INTEREST. Total amount £1,000 - 0% interest.
If balance is not settled after 6 months, then 42 payments of £40.91 per month based on 29.80% over 48 months.
Total amount payable £1,718.22
Scheme 2 - Monthly Payment Plan over 36 months
Buy any products from our website and pay a minimum deposit of 10%.
Balance over 36 months at 19.90%
Example:
Buy products for £1,150.00
Less deposit £150.00
36 monthly payments of £36.29
Total amount payable £1,306.44
How do I Apply?
When you place your order, if you wish to use the Able2Buy Credit Facility, you will be offered this option on the payment screen.
Select 'Arrange Credit', choose the scheme you wish to use and you will be transferred to the Able2Buy site for credit application. Once you have completed the application original questions, you will have an agreement in principle within 30 seconds!
You will be offered two alternatives. You can proceed with the application on-line, or if you prefer, Able2Buy will call you back at a pre-arranged time to coomplete the details. over the telephone.
You will need the following information:
- Full name
- Address
- Date of birth
- Emplyment or business details
- Bank details
- Proof of identity (e.g. driving licence, current utility bill)
Conditions
There are a few conditions:
- You must be over 18 years old and under 85 years old
- Be in full time employment, or self-employed, or retired and over 50 years of age, or in receipt of an invalidity or disability allowance
- You must have been a UK resident for over 12 months
- You must be able to make repayments by Direct Debit
- You must provide your previous address if you have lived at your present address for less than 3 years.
- There is a minimum purchase of £150,00 to qualify for credit terms.
Credit facilities provided by able2buy finance.
