Finance Payment Options at Wallace Allan

v12 finance

Interest Free Finance Example

Up to 36 months 0% APR representative interest free finance

Spread the cost with our interest free finance available online and in store.

Our simple finance options allow you to spread the cost of your purchase over 6 or 36 months.

All you need to do is:

  • Spend a minimum £280 and above
  • Place a 10% deposit
  • Minimum finance amount after deposit £250 and above

We offer 6 simple finance options to help you spread the cost of your purchases:

  • 6 months interest free finance on orders of £280 and above
  • 12 months interest free finance on orders of £280 and above
  • 18 months interest free finance on orders of £280 and above
  • 24 months interest free finance on orders of £280 and above
  • 30 months interest free finance on orders of £280 and above
  • 36 months interest free finance on orders of £280 and above

The table below shows you how much monthly repayments will be based on the total order value.

Order
Value
Term
(Months)
Deposit
(10%)
Monthly
Payments
£350 6 £35 £35.83
£700 6 £70 £105
£1200 12 £120 £90
£2000 12 £200 £150

FREQUENTLY ASKED QUESTIONS

How do I choose to pay by finance?

Just select the finance option on the checkout page or let the sales consultant know if you're buying in our showrooms/ store.

Who is eligible to apply for online finance?

To apply for online finance, you must be over the age of 18, work at least 16 hours a week, or be retired with an income. You must also be a resident of the United Kingdom and have lived in the UK for the last 12 months or more. Unfortunately, we are unable to offer online finance to residents of Eire. Homemakers aren't excluded from applying under their own names; however we will require the employment details of your spouse/partner in order to process your application.

When do my repayments start?

Your monthly repayments will begin one month after your purchase has been delivered.

Are there any arrangement fees or hidden extras for credit?

No. There are no arrangement fees or hidden extras.

Applying for online finance

Applying for online finance couldn't be easier or more convenient. When you buy online from Wallace Allan Limited you have the choice of applying for finance by adding your purchase to the shopping basket, selecting the finance option, and completing an online application form. Just follow the simple instructions, entering your personal details as required and we'll do the rest. The whole process only takes a few minutes and is simple and secure. Once your finance application is approved, you will then be advised of how to sign the finance agreement and you will also receive an email confirming these details. Please read the agreement carefully checking that all the details are correct, then either electronically sign the agreement or print and sign the agreement in both boxes. Post the signed agreement to the address shown on the covering letter of the agreement. Following receipt of your finance agreement and a few additional checks, your goods will be dispatched.

Once my application is approved, what happens next?

Within minutes of your application being approved, you will be presented with the options to either e-sign or print and return your finance agreement. If you choose to e-sign your agreement, a PDF of your agreement will be displayed on screen. You should read the agreement carefully before clicking all the relevant sections agreeing to its terms. Once you have agreed to the terms of the finance agreement Wallace Allan Limited will be notified and you need do nothing more. If you choose to print and return your agreement you should print the agreement, read it carefully and then sign the document following the instructions on the covering letter. This signed document should then be posted to the address shown on the covering letter of the finance agreement. Note that products will not be allocated to your order until your completed and signed agreement is returned and received by V12 Personal Finance. Shipment of your goods will follow soon after your agreement has been returned and received.

Will your credit score me and if so, what does this mean?

Credit scoring is the process used by financial services companies to evaluate the credit risk of new applicants. This technique will be applied to your application for online finance. Credit scoring works by awarding points for each answer given on the application form such as age, income and occupation, together with information obtained from credit reference agencies. This information allows us to produce consistent decisions, ensuring all our applicants are treated fairly. Credit scoring does not discriminate on the grounds of sex, race, religion or disability.

If you decline my application, what is the reason?

In addition to credit scoring, we also take into account confirmation of your identity, validation of certain application details, existing commitments and information held at the credit reference agencies. Though we are unable to provide you with a main reason for decline of your application, it is usually based on one, or a combination of the following: Your credit score (note that every finance company will score you differently) Adverse credit reference agency information You are considered to be overcommitted You are aged under 18 Your existing account performance with other lenders

What type of information do credit reference agencies hold about me?

Some of the information is public information, for example electoral roll, County Court Judgements and bankruptcies. Other lenders may also file information about accounts you hold with them for instance this could include your payment history and outstanding balance on these accounts. Any requests for credit, where a credit reference search has been undertaken, will also be filed, although the result of the request is not recorded.

How do I obtain a copy of this information?

You have the right to request a copy of the information held about your financial standing from any of the CRAs. Making this request is free of charge. You can make a request verbally or in writing. The CRAs also usually provide an online form you can use to apply. If you make your request verbally, we recommend you follow it up in writing to provide a clear trail of correspondence. It will also provide clear evidence of your actions. If you make your request in writing, your letter should include: Your full name; Any other names you have used or been known by in the last six years eg your maiden name; Your full address including postcode; Any other addresses you have lived at in the last six years; and Your date of birth. You should keep a copy of your letter and you may want to send it by recorded delivery to demonstrate that your request has been sent and received. Unless the CRA needs more information, they have one month from receiving your request to respond. In certain circumstances they may need extra time to consider your request and can take up to an extra two months. If they are going to do this, the CRA should let you know within one month that it needs more time and why. Sometimes the CRAs need more details from you before they can send you the information held on your file. For example, they may need proof of your name and address from a utility bill or bank statement. This is important to make sure that no one else gets your information by mistake or to check that no one else has fraudulently applied for your credit reference file. The CRAs do not have to send you your file until they get this information. The addresses of the CRAs are: Equifax Ltd Customer Service Centre P.O. Box 10036 Leicester LE3 4FS 0800 014 2955 Experian Ltd Customer Support Centre PO Box 9000 Nottingham NG80 7WF 0800 013 8888 TransUnion Consumer Services Team PO Box 491 Leeds LS3 1WZ 0330 024 7574

If my application is not successful, can I re-apply?

Yes. We acknowledge that your circumstances change and just because we have refused a previous application, it does not mean that we'll automatically turn down a further request. We do suggest however, that you leave at least 6 months between applications.

Can I request delivery to an address other than my home?

In order to safeguard against fraudulent applications, we regret that we're able only to deliver goods to the home address of the applicant. 

Credit subject to status and affordability. Terms & Conditions Apply. Wallace Allan Limited are a credit broker and are Authorised and Regulated by the Financial Conduct Authority. Credit is provided by V12 Personal Finance, a division of V12 Authorised and Regulated by the Financial Conduct Authority. V12 is authorised and regulated by the Financial Conduct Authority. Financial Services Register no. 704348. The register can be accessed through http://www.fca.org.uk

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Wallace Allan is authorised and regulated by the Financial Conduct Authority and is the broker and not the lender. Our registration number is 656892.

Wallace Allan offers credit products from Secure Trust Bank PLC trading as V12 Retail Finance. Not all products offered by Secure Trust Bank PLC are regulated by the Financial Conduct Authority.

Credit is provided subject to affordability, age and status. Minimum spend applies.