Buying anything on credit these days is difficult to say the least. Unless you’re able to produce about 65 years’ worth of payslips, your last five addresses and a written statement from your kindergarten teacher, most lenders don’t want to know. As such, it’s hardly surprising that the use of layby online has skyrockets across Australia as of late, with more and more everyday consumers finding out just how easy and effective it can be. As an alternative to standard credit schemes there’s really nothing else like it and when it comes to setting up such a payment plan, you probably wouldn’t believe how simple it all is!
The first step in the process is to locate a reputable supplier for what it is you want to buy. Some specialise in layby jewellery online, other home improvement products and others stock the whole job lot of everything you can imagine. Whichever you choose, it’s a good idea to check them out prior to getting started by carrying out a web search and seeing what reviews and general feedback you can come across. If they look above board, you’re good to go!
Next comes the fun part of the process – looking though the catalogue and deciding what goodies you’d like to take home. Most will impose minimum spending limits of around $150 or so, but chances are it won’t take you long to find a bunch of bits and pieces to take you beyond this minimum spend! If the site is a genuinely reputable one, you’ll see the price of the item listed inclusive of any charges and interest added by the service provider. If it’s just the standard price you see and you’re advised that the charges will be added later, it might be wise to shop elsewhere.
Once the items have been added to your shopping cart, it’s as easy to set things in motion as it is to check out items from any online store. You’ll be asked whether you’d like to pay for the item every week, every month or perhaps every fortnight and also for how long – the maximum is usually one year. The site will then calculate the amount to be paid in each instalment and if it all looks good, you can agree to the terms and complete the simple arrangement form. This will then be followed by an email to your registered address which is technically your receipt for the purchase plan.
After this, it’s simple a case of having each payment leave your account each week or month by way of direct debit, meaning that you yourself don’t actually have to do anything else at all. The payments are taken until the full balance is paid, at which time your purchases will be sent directly to your door by post or courier. And if during the payment process you find yourself unable to pay on no longer in need of the item, you can apply for a refund of at least some of the amount already paid – terms and conditions vary in accordance with the retailer in question.