Status Gold Select Payment Plan
Status is pleased to offer all Customers who spend over £1000 including VAT the opportunity to pay over 12 months interest free with no 3rd Party finance agency or Bank involvement!
Sounds too good to be true! How does It Work?
Mr Stone has a new Glow-worm boiler installed at a price of £1500 including VAT
He pays a deposit of 25% of the Total Invoice Value at the point of order- £375.00
He pays the remaining balance of £1125 over 12 monthly instalments of £93.75 per month by Direct Debit.
And that's it!
Total Invoice Price £1500 - Total Paid £1500 - Interest Paid - £0
I bet there are some sneaky Terms and Conditions you say!
I'm afraid not...Here are the only T&Cs
- To Qualify for the Gold Select Payment Plan, the installation or works must be of a value of £1000.00 or over
- A deposit of at least 25% of the total invoice value must be paid at the point of order. A greater deposit may be paid if required.
- The 12 monthly payments must be paid on an agreed day of each calendar month by Direct Debit, Credit Card or Debit Card.
- If any of the monthly payments are missed or defaulted upon, then the remaining balance of the works will beome immediately due and a £50 administration charge will be payable. Once a payment is missed, the Gold Select payment plan is deemed to be stopped and the balance will be dealt with as if it were a standard invoice on standard payment terms.
- We may carry out a credit check before accepting the customer on the plan and we reserve the right to refuse the plan.