Understanding Pay Monthly Stores
At BrightHouse, we understand that it's not always possible to make a payment in one go. That’s why, with pay monthly, we give our customers the chance to buy now and pay four-weekly, spreading your instalments flexibly over one, two or three years (APR 49.3% - 69.9% Fixed).
How does pay monthly work?
Pay monthly stores allow you to buy now and four-weekly, spreading the cost of your purchase over a set amount of time in order to make it more manageable, and always at a fixed interest rate. At BrightHouse, we’ll always show you exactly what you’ll pay before you sign-up, both in terms of four-weekly instalments, and overall.
What are the benefits of pay monthly?
No deposit - We don’t ask for a deposit. All you need to do is make your first monthly payment and we'll arrange for the delivery and installation of your product right away.
Spread the cost - Our monthly payment options are great if you receive your income on a monthly basis. In fact, you can choose to spread the cost by linking your BrightHouse payments to the date you get paid, so that it comes out at a standard time each month.
Can I pay monthly with bad credit?
A low credit rating can make it tricky to gain approval when buying things on credit. There is an array of reasons why a person may have a low credit rating - the most common is often from previous financial troubles, but this could also be because you’ve never bought anything on credit before. We look at the ability of our customers to pay for products now and in the future, rather than basing our assessment solely on their past credit history.
Find out more about BrightHouse finance options for individuals with a bad credit rating.
How to apply for a pay monthly agreement
You can apply online for any of our monthly payment contracts, or you can simply visit one of our 300 stores across the UK (find your local using our store finder). As part of the process, we'll perform a credit and affordability check to determine whether we think our pay monthly payment plan will work for you. You can find out more about how we carry out credit checks here, as well as tips for improving your credit rating.
Pay monthly additions
At Brighthouse, you must have insurance in place with any product. If you’re not already covered by pre-existing insurance, we can provide you with the cover you need. Add BrightCare to your purchase to protect your products against life’s little mishaps, meaning if you accidentally damage your product or it goes missing, we’ll repair or replace it right away. You can find out more about BrightCare here, as well as product insurance..
We believe in forming positive, long-term relationships with our customers, so it's not in our interest to over-extend, or put you in a difficult financial position. We're on hand to support you throughout your time with us and we strictly adhere our Lending Charter.