Finance

Up to 10 months 0% APR representative interest free credit

(Not available in ROI)

Interest-free credit is available in our showrooms – please ask a member of our team.

Our 0% finance options allow you to spread your payments over convenient interest-free instalments over 3 | 6 | 10 months. All we require is;

  • Purchase value over £400
  • 15% Deposit
Order Value Over (Months) 15% Deposit Monthly Payment
£400 3 £60 £141.66
£800 3 £120 £212.50
£1,200 6 £180 £141.66
£1,800 6 £270 £177.08
£2,400 10 £360 £106.25
£3,000 10 £450 £123.95

How do I choose to pay by interest free credit?

Just let a member of our team know if you’re buying in our showrooms or over the phone.

When do my repayments start?

Your monthly repayments will begin one month after your purchase has been delivered.

Are there any arrangement fees or hidden extras for credit?

No. There are no arrangement fees or hidden extras.

Acceptance is subject to status. Credit provided by Novuna Capital (UK) PLC trading as Novuna Capital Consumer Finance, 2 Apex View, Leeds, LS11 9BH.

NOTE – Finance is only applicable to UK residents

Your questions answered

Here’s some of the most commonly asked questions regarding online finance.

Once my application is approved, what happens next?

Within minutes of your application being approved, you will be presented with the option to sign your credit agreement. If you are offered the ability e-sign your credit agreement and choose to do so, a PDF of your credit agreement will be displayed on screen.

You should read the credit agreement carefully before clicking all the relevant sections agreeing to its terms.

Once you have agreed to the terms of the credit agreement Teds Interiors will be notified and you need do nothing more. If you are presented with the ability to print and return your credit agreement you should print the PDF agreement, read it carefully and then sign the document following the instructions on the covering letter.

This signed document should then be posted to the address shown on the covering letter of the credit agreement.

Note that products will not be allocated to your order until your completed and signed agreement is returned and received by Novuna Capital. Shipment of your goods will follow soon after your agreement has been returned to our finance company.

Will you credit score me and if so, what does this mean?

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 the application form such as age, income, and occupation, together with information obtained from credit reference agencies.

This information allows us to produce consistent decisions, ensuring all our applicants are treated fairly. Credit scoring does not discriminate on the grounds of sex, race, religion, or disability.

If you decline my application, what is the reason?

In addition to credit scoring, we also take into account confirmation of your identity, validation of certain application details, existing commitments, and information held at the credit reference agencies.

Though we are unable to provide you with the main reason for the decline of your application, it is usually based on one, or a combination of the following:

– Your credit score (note that every finance company will score you differently)
– Adverse credit reference agency information
– You are considered to be overcommitted
– You are aged under 18
– Your existing account performance with other lenders

What type of information do credit reference agencies hold about me?

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 balance on these accounts.

Any requests for credit, where a credit reference search has been undertaken, will also be filed, although the result of the request is not recorded.

How do I obtain a copy of this information?

You should send a cheque for £2.00 made payable to the relevant company, together with details of all addresses at which you have lived over the last 6 years:

Consumer Help Desk Experian Limited PO Box 8000
Nottingham NG1 5GX

Equifax Ltd., Credit File Advice Centre. PO Box 1140.
Bradford, BD1 5US

Consumer Services, TransUnion International UK Limited, PO Box 491,
Leeds, LS3 1WZ

The above listed agencies will provide details of information relating via these addresses. If you believe that the information is incorrect, you can ask the agency to correct it.

If my application is not successful, can I re-apply?

Yes. We acknowledge that your circumstances change and just because we have refused a previous application, it does not mean that we’ll automatically turn down a further request. We do suggest however, that you leave at least 6 months between applications.

Who is eligible to apply for online finance?

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 unable to offer online finance to residents of Eire.
Homemakers aren’t excluded from applying under their own names; however, we will require the employment details of your spouse/partner in order to process your application.

Can I request delivery to an address other than my home?

In order to safeguard against fraudulent applications, we regret that we’re able only to deliver goods to the home address of the applicant.

Complaints about our Financial Services

We always strive to provide an excellent experience but appreciate that sometimes things can go wrong. If you are unhappy with any of our financial products and services, due to the protection of your personal data, we recommend you contact the relevant lender in the first instance. We act as a credit broker (authorised and regulated by the FCA [No. 710127) and not a lender.

Finance is provided and managed by third-party lender[s] as detailed below.

Who do I contact?

Mitsubishi HC Capital (UK) PLC Complaints Team
Novuna Personal Finance, 2 Apex View, Leeds, LS11 9BH

Telephone: 0113 380 1065
Email: [email protected]

Website:  https://www.novunapersonalfinance.co.uk/complaints/

Alternatively, if you have a complaint about how your finance was introduced or you would prefer to contact us then we will do everything we can to resolve the matter promptly. Please contact us using the contact details on our website.

How long will it take?

We take all complaints seriously and we will do everything we can to resolve them quickly. We’ll keep you updated and in most cases, you’ll receive our final response within 8 weeks from receipt of your complaint. If we’re unable to resolve your complaint within 8 weeks, we’ll explain the reason why and tell you when we expect to be able to resolve it.

What if I’m unhappy with the outcome?

If you are not satisfied with the outcome of your complaint or you haven’t received a response within 8 weeks of us receiving your complaint, then you have the right to refer the complaint to the Financial Ombudsman Service (FOS). FOS is a free, independent service that looks into disputes between financial businesses and their customers. If you do refer to the FOS you should do so within 6 months of receiving our final response.

FOS Contact details

Telephone: 0800 023 4567
Email: [email protected]
or you can write to:
The Financial Ombudsman Service
Exchange Tower,
Harbour Exchange Square
London, E14 9GE

Credit subject to status and affordability. Terms & Conditions Apply. Teds Carpets & Furniture Ltd, trading as Teds Interiors is a credit broker and is Authorised and Regulated by the Financial Conduct Authority.

Credit is provided by Novuna Personal Finance, a trading style of Mitsubishi HC Capital UK PLC,  authorised and regulated by the Financial Conduct Authority. Financial Services Register no. 704348.