0 %Finance

 

Finance offers our customers the ability to apply for simple finance facilities to fund a purchase from us.

Once you are accepted by V12 Retail Finance you will be asked to eSign the credit agreement and once in receipt of your purchase, v12 will make your agreement live and your monthly repayments will commence for the agreed term.

In short retail finance gives you the flexibility to buy what you really want now, not just what you can afford today by spreading the cost of your purchase over a repayment period that suits your budget.  

OPTIONS AVAILABLE  

  • [3 months Interest Free Credit; ]
  • [6 months Interest Free Credit; ]
  • [9 months Interest Free Credit;]
  • [10 months Interest Free Credit;]
  • [12 months Interest Free Credit;]

 

ELIGIBILITY CRITERIA

You must: ·

  • Be at least 18 years of age ·
  • Have been a UK resident for 3 years or more ·
  • Be able to make repayments by direct debit ·        
  • Be in regular employment* (minimum of 16 hours per week) including self-employment, or in permanent residence with your spouse/partner who is in regular employment  
  • *If you are retired and receive a pension or registered disabled and unable to work, V12 Retail Finance may ask for proof of sufficient income. 

*Credit is subject to age and status. You must agree to the lender’s Terms and Conditions and electronically sign the Credit Agreement document before we can release the goods to you. 

INFORMATION REQUIRED  

During the loan application process you will be asked for your personal information such as name, 3 year address history, date of birth, email and telephone contact details and employment/income information. If you are accepted you will also need a credit or debit card registered to you at your address on the credit application so that the lender can carry out an electronic identity check.

PROCESSING TIME  

With most applications we expect that you will be given an acceptance or decline decision within 10-20 seconds. In some cases the lender may return the decision as ‘referred’. You will then receive an email with further instructions once the underwriters have made a decision. For in store applications you can usually wait in the shop whilst the underwriters review your application. Underwriting hours are between 8am and 8pm, Monday to Friday (excluding Bank holidays), 9am and 6pm on Saturday, and 10am and 5pm on Sunday. If your application is referred outside of these hours then you may have to wait until the next working day for the decision.

DELIVERY  

For finance orders made online or via mail order we are only able to deliver the goods to the address on your credit agreement (your home address). You will not be able to have the goods shipped to another address or collect the goods from us in person.

RETURNS & CANCELLATION PROCEDURE  

If you wish to return the order then please refer to our returns policy. If we accept your return we will contact the lender to cancel the credit agreement.

DECLINED CREDIT APPLICATIONS

You will be informed of the decision if the lender declines your application, the lender in unable to share the reason for decline with us. Applications are usually declined for reasons such as:

  •  you do not meet the eligibility criteria (see above);
  • adverse credit reference agency information;
  • your credit score;
  • you are considered to be overcommitted;
  • or ·
  • your existing account performance with other lenders.

The lender will give you the contact details for the credit reference agency used. They will also give you information on how to appeal the decision if you wish to discuss the matter. Please note that the lender is unable to discuss this over the telephone due to Data Protection rules. You should also note that each lender applies its own credit score to applicants so if you have recently been accepted for credit elsewhere this does not necessarily mean that appealing the decision on this basis alone will result in a change of decision. 

 

 

 

 

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© Wovenhill Ltd | Website By Zarr

Registered Address: Wovenhill Ltd, Unit 17, Goldicote Business Park, Banbury Road, Stratford upon Avon, Warwickshire, CV37 7NB

Tel: 01789 741935 Email: sales@wovenhill.co.uk

Vat no: GB 770 9262 14  Company Reg No: 04220236

* Free delivery to postcodes within Mainland UK, but excludes some Scottish Highland postcodes, for full details see our delivery terms here.

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