Finance
Single Lender Broker Disclosure.
Credit subject to status and affordability. Terms & Conditions Apply. Cousins Furniture Stores Limited trading as Cousins Furniture Stores Limited are authorised and regulated by the Financial Conduct Authority. We are a credit broker not a lender – credit is subject to status and affordability, and is provided by Mitsubishi HC Capital UK PLC. Terms & Conditions Apply.
Credit is provided by Mitsubishi HC Capital UK PLC, a trading style of Novuna, authorised and regulated by the Financial Conduct Authority. Financial Services Register no. 704348. The register can be accessed through http://www.fca.org.uk.
We have different types of finance options available, including Interest Free Credit, Deferred Interest Bearing, and Deferred Interest Free Credit. You can view examples of each type below. Cousins may have different option(s) available right now. Please consult with Cousins which finance options are currently available.
Interest Free Credit
The cost of the goods (less the deposit) is spread evenly across the chosen term. There is no interest on the finance.
Representative example:
Finance Details: Term = 24 months
Rate Interest = 0% APR = 0.00% per annual, fixed
Goods Price = £500
Deposit = £100
Loan Amount = £400
Monthly Instalment = £16.65
Total Amount Payable = £500
This means 24 instalments of £16.65 starting one month from the live date of the agreement.
Deferred Interest Bearing
The customer has nothing to pay for the pre-agreed Deferred Term and if the agreement is settled before the end of the Deferred Period, there is nothing further to pay, other than an Early Settlement Fee. However if the customer continues the loan beyond the Deferred Term, the cost of the goods (less the deposit) is spread evenly across the term of the loan at the pre-agreed APR. This is also sometimes known as Countdown Interest Bearing Credit.
Representative example:
Finance Details:
Deferred Term = 12 months / Term = 24 months
Rate Interest = 12.9% APR = 12.9% per annual, fixed
Goods Price = £500
Deposit = £100
Loan Amount = £400
Monthly Instalment = £39.76
Total Amount Payable = £577.12
Early Settlement Fee = £29
This means 12 instalments of £39.76 pounds with the first instalment due 12 months after the agreement starts.
Deferred Interest Free Credit
The customer pays nothing for the pre-agreed Deferred Term; following the end of the Deferred Term the cost of the goods (less the deposit) is spread evenly across the chosen term with no interest to pay. This product is also sometimes referred to as Countdown Interest Free Credit.
Representative example:
Finance Details: Deferred Term = 12 months / Term = 36 months
Rate Interest = 0% APR = 0.00% per annual, fixed
Goods Price = £500
Deposit = £100.04
Loan Amount = £400
Monthly Instalment = £11.11
Total Amount Payable = £500
This means 36 instalments of £11.11 with the first instalment due 12 months after the agreement starts.
Subject to availability, changes and credit approval.
If you require any further information about finance please call 0845 901 4000.
A. To apply for online finance, you must be over the age of 18, work at least 16 hours a week, or be retired with an income. You must also be a resident of the United Kingdom and have lived in the UK for the last 12 months or more. Unfortunately, we are...
A. For interest bearing credit finance agreements your monthly repayments will begin one month after your purchase has been delivered. For countdown product agreements monthly repayments will start after your deferral period (3 months) ends.
A. No. There are no arrangement fees or hidden extras.
A. Applying for online finance couldn't be easier or more convenient. When you buy online from Cousins Furniture Stores Limited trading as Cousins Furniture Stores Limited have the choice of applying for finance by adding your purchase to the shopping basket...
A. Within minutes of your application being approved, you will be presented with the options to either e-sign or print and return your finance agreement. If you choose to e-sign your agreement, a PDF of your agreement will be displayed on screen. You ...
A. Credit scoring is the process used by financial services companies to evaluate the credit risk of new applicants. This technique will be applied to your application for online finance. Credit scoring works by awarding points for each answer given on ...
A. Some of the information is public information, for example electoral roll, County Court Judgements and bankruptcies. Other lenders may also file information about accounts you hold with them for instance this could include your payment history and outstanding...
A. Yes. We acknowledge that circumstances change and just because a previous application has been refused, it does not mean that a further request will automatically be turned down. We do suggest however, that you leave at least 6 months between applications...
A. In order to safeguard against fraudulent applications, we regret that we're able only to deliver goods to the home address of the applicant.
A. As Express Delivery items are available for next working day delivery, we regret that they are not eligible for the Pay by Finance option.
A. In addition to credit scoring, Mitsubishi HC Capital UK PLC also takes into account confirmation of your identity, validation of certain application details, existing commitments and information held at the credit reference agencies. Though Mitsubishi...
A. You should send a cheque for £2.00 made payable to the relevant credit reference agency, together with details of all addresses at which you have lived over the last 6 years: Experian Limited, Customer Support Centre, PO Box 9000, Nottingham, NG80...
A. We will contact you by email to confirm that your order is being processed after we’re informed by the finance institution that your application as been fully accepted. We can not process your order until we are contacted directly by the finance institution...
A. thank you for your question, it is a 20% deposit for finance applications, and a 25% for pay by deposit (with the balance due before delivery). For further information please see our deposit page here
A. If your complaint relates to the finance linked to your purchase you can still let us know about this, but we will forward it on to your credit provider Novuna Personal Finance. Novuna will acknowledge your complaint and investigate it thoroughly and issue their response within eight weeks.