Does anyone accept monthly payments?

[RJA]

Just wondering if anyone self-employed is offering consumer credit, monthly repayments to customers while you get paid upfront. Would love to hear details if anyone does this.

 

[Harvest Fields]

No mate. Cash, Cheque or Bank transfer

 

[Scott_D]

Sounds like hassle.
Would be handy for some boiler installs though

 

[Harvest Fields]

Sounds like hassle.
Would be handy for some boiler installs though

Yep but without the customer bein charged 9.6 %

 

[rpm]

Don't you have to be registered to offer credit?

 

[Harvest Fields]

Don't you have to be registered to offer credit?

Not sure mate

 

[rpm]

Not sure mate

I'm pretty sure you do if you advertise the fact.

 

[Harvest Fields]

I'm pretty sure you do if you advertise the fact.

What if you don’t advetise?

 

[rpm]

What if you don’t advetise?

Dangerous on too many fronts for me.

 

[townfanjon]

Don't you have to be registered to offer credit?

Most definitely.

 

[rpm]

Sure this came up last year, put it in the search box.

 

[leesparkykent]

You need a consumer credit licence. Most finance providers want to see 1-2 years worth of books and a turn over of 250k or over. There are providers with less strict criteria. The consumer credit licence is about £500 but you would be best using a company that specialised in obtaining them and provides you the required level of training required.

 

[jtsplumbing]

For a sole trader its not worth the grief loads you need to comply with, been doing this job for over 30 years (SE) never had the need to offer finance , Cash / Cheque / Bank transfer / C Card get yourself a Sum-up card machine, no contract, 1.6% per transaction around £20-£30 to buy works of your phone.

 

[Harvest Fields]

Will look into that

 

[neilrj]

Just wondering if anyone self-employed is offering consumer credit, monthly repayments to customers while you get paid upfront. Would love to hear details if anyone does this.

Sounds like you have a scheme you're not quite trying to advertise...

 

[leesparkykent]

What about this? http://www.grahamplumbersmerchant.co.uk/our-services/zanussi-boilers-finance-scheme/

 

[Harvest Fields]

What about this? Zanussi Boilers Finance Scheme | Graham

Just an ideal logic with a Zanussi badge. Would rather fit the ideal and get the Ideal warranty and customer service to be honest.

 

[leesparkykent]

Just an ideal logic with a Zanussi badge. Would rather fit the ideal and get the Ideal warranty and customer service to be honest.

Yeah I noticed it was and ideal boiler rebadged. It was more for the finance side of things I was pointing out. With the Zanussi it's says 10year warranty isn't it 7 year for same boiler with ideal badge?

 

[Harvest Fields]

Yeah I noticed it was and ideal boiler rebadged. It was more for the finance side of things I was pointing out. With the Zanussi it's says 10year warranty isn't it 7 year for same boiler with ideal badge?

10 year on the heat ex I believe.

 

[jtsplumbing]

10 year on the heat ex I believe.

Most are the same very clever wording on warranty's, and always a million reasons why its not covered