Deposit

Hi girls i had my BA on the 2nd November, im doing the finance option so i paid £500 to secure my surgery date. I know obviously i get this back, but how? do i get it taken from my first couple monthly payments or? Please can someone help this is one of the main questions i forgot to ask!!!!xxx

Hey. You don’t get the balance back, it’s just deducted from the balance you owe.
After your finance is approved you are required to pay the 50% deposit for the remaining procedure cost and then everything else is paid in the monthly instalments.
Xx

so it will just come from my monthly instalments? xx

No babe it comes off the total for ur ba. (U don’t get the 500 back at all)
Then u pay half of the balance
Then the other half u pay off in ur instalments over the period agreed ie. 10 months

She only pays half if she’s only having half of the finance amount – so if the total was for instance £100 and you paid £10 deposit the finance would pay Mya £90 and then you would split that £90 across the months. If that makes sense.

Hey. Sorry if my reply was a little confusing, I was specifically referring to the 10 month interest free option that MYA offer but I know they have a couple of others which I don’t know about.
Regardless of what option you have chosen, the £500 you’ve paid is deducted from the remaining balance of the procedure, rather than you being refunded the money. For me this meant I had 50% of the remaining balance of the procedure to pay and then the remaining 50% is paid off in ten monthly instalments. I would explain the pricing but it’s not allowed.
Xx

That’s why I used the £100 example lol! But I think you’ve explained it better for her Imogen. The one thing I would say is with the finance look at different options interest free, I had a friend who has the best credit score literally no defaults and they rejected her credit which then put a default on her score. so I would look at all options and then apply for what you feel best. I also applied for the credit (my score isn’t bad but it’s not as good as my friends) and of course I got rejected! Luckily I had the money there to for the op upfront but if I didn’t I would have been stressing a lot about the finance so so look around for the best options! X

Ohhhh i understand now! Took me a while, thank you girls xxxx

[Author]

Posts