Investing in quality is a wise financial decision in the long term but it can be an unaffordable option in the short term. Credit payment plans make it possible to buy the quality items you love and pay for them over time, according to the agreed upon repayment terms and interest rates
Why buy on credit? Paying off your purchase in monthly instalments is more budget-friendly than the cost of paying the total amount upfront. It enables you to get the item you want in installments that you can afford to pay.
Buying on credit is also an excellent way to build your credit score. When you pay your monthly instalments on time, you prove your ability to honour your financial commitments and develop a good credit history as a result. This information is important to creditors, who review your credit history when you apply for a loan. The better your credit score, the more likely you are to be approved for a home loan, cellphone plan, or rental lease.
Pres Les understands that everyone’s financial situation and budget is different, which is why we offer different payment options to our Customers, including credit payment plans.
Pres Les Customers have the option to pay for an order over a period of 6, 18 or 24 months. To apply for credit, Customers must submit their Identity Document and pay slip, or 3 month’s bank statements, and fill out the mandatory debit order form, in which they agree to a monthly payment schedule, and undergo a credit check.
Once approved, Customers must submit their first payment by month end following delivery of their order and continue to make scheduled payments until the order has been paid off, as per their payment contract.