Interest free deals

A common trap of interest free credit card deals is when you are given a credit card with a higher limit than the value of the goods you're buying. This is to tempt you to use the card for general use. Concentrate on repaying the interest-free deal. If you need another credit card, shop around for the best deal. Some store cards have special deals such as 'buy now and pay nothing for a period of up to 2 to 3 years', which can be very tempting. These deals are useful if you need to buy something urgently and you're sure you can pay the debt off within the interest-free period.

Similarly, some store cards have 'interest free for 12 months! High rates of interest apply to these accounts and your debt is more than likely to be substantially higher than you expected! Another interest-free deal is balance transfers.

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This is where you transfer the balance of your credit card to a new credit card that has either an interest-free period or a low-interest offer for a period of time. The main risk with this type of deal is that after the interest-free or low-interest period ends, the interest rate suddenly jumps to a high interest rate.

How do interest-free deals work?

In addition, if you make any purchases or cash advances on that card during the interest-free period, those purchases will be hit with the high interest rate. If you sign up to these deals, make sure you don't use the credit card and concentrate on repaying the outstanding debt as quickly as possible. If all attempts to negotiate a payment plan don't work out, the lender or debt collector will likely take legal action. If you're in this situation and legal action is under way, contact us on This can be done in one full payment or multiple partial payments.

Making partial payments may result in a portion of the lump sum of compound interest being refunded at the end of the delayed payment period.

Remember if you choose not to pay the full cash price before the end of the delayed payment period any outstanding balance plus the lump sum of compound interest applied at the date of order will become payable. To make a full or partial payment simply log into My Account, choose "Make a payment", select "Pay Buy Now Pay Later" and allocate your payment to the specific item s you wish to pay off.

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Alternatively, you can call us. What happens after the delayed payment period? If you have not made any payments towards your Buy Now Pay Later, the outstanding balance plus the lump sum of compound interest will be payable across your chosen repayment period. This will now be included in your account minimum payment request each month.

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If you have made partial payments, but not cleared the full cash price before the end of the delayed payment period, the outstanding balance plus a reduced lump sum of compound interest will become payable. The repayment amount agreed for the repayment period will remain the same, meaning the repayment period may be shorter than originally agreed.

Why interest free deals may not be as good as they sound

If you have paid the cash price in full before the end of the delayed payment period, you will not pay any interest. What is excluded from Buy Now Pay Later? The costs for delivery, installation services and any warranty and insurance products cannot be placed on Buy Now Pay Later. Buy Now Pay Later availability is subject to your credit and account status. Do I still have to pay my minimum payment? Yes, allocating payments to Buy Now Pay Later will not cover the minimum payment for your Littlewoods account.

View our film and see for yourself how simple buying your next car can be!

If you have a non-Buy Now Pay Later balance on your Littlewoods account, you will still need to make at least your minimum payment as shown on your statement. Go shopping as usual then at checkout simply select either 20 or 52 weeks interest free. Call us on Registered number: Over 18's only. Shop Direct Home Shopping Limited. Remember, avoid paying all interest by paying the cash price before the end of the delayed payment period. Credit Card Littlewoods.

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