Pay Half Pay Monthly
(In a nutshell)
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• Once work has been quoted by ourselves and client has accepted, the option for pay half pay monthly is available.
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• A credit check is required for approval.
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• An additional 20% setup fee is added to total.
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• A 50% deposit of quoted/accepted cost of work carried out is required.
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• Once deposit is paid the remaining 50% can be paid over a varied 1-5 year period.
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• Once the varied 1-5 year period repayment is chosen, an APR charge will be added to your monthly instalments.
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• APR - 12 Months 10% - 24 Months 15% - 36 Months 17% - 48 Months 20% - 60 Months 25%.
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• Agreement / Contract will be signed by both supplier & client.
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• Direct Debit will be set up for monthly payments, and collected on the best suitable day for you each month, until remaining balance is settled.
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• All relevant paperwork will be sent out to you within 7 days of PHPM completion.
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Agreement / Contract example
(Pay Half Pay Monthly Agreement)
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