Pay Monthly Finance / Frequently Asked Questions
We offer our customers the ability to pay monthly for private number plate products, we are a credit broker and not a lender. We have multiple lender partners who are able to offer pay monthly options to our customers, this page aims to explain how monthly finance can be used as a payment option for our customers as well as common questions our customers have in relation to choosing this as a purchase option.
How do I choose to pay by Finance?
When browsing our website each private registration plate will show a breakdown of the pay monthly finance on offer, you simply need to choose your desired term of 24, 36 or 48 months and proceed to place an order via our website.
Who is eligible to apply for online finance?
To apply for 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, our finance providers are unable to offer online finance to residents of Eire. Homemakers aren't excluded from applying under their own names; however our finance providers will require the employment details of your spouse in order to process your application.
When do my repayments start?
Your monthly repayments will begin one month after your finance agreement has been signed and goods have been delivered.
Are there any arrangement fees or hidden extras for credit?
No. There are no arrangement fees or hidden extras.
Applying for online finance
When you buy online from Click4reg you have the choice of applying for finance when placing your order, selecting the option to PaybyFinance, and completing a finance application form with one of our providers/lenders.
The whole process only takes a few minutes and is simple and secure. Once your finance application is approved, you will receive an e-mail advising you of how to download the finance agreement. Please read this carefully checking that all the details are correct, then either e-sign the agreement, if offered, or print and sign the finance agreement twice. Post the document to the address shown on the finance agreement.
Following receipt of your finance agreement and a few additional checks, then your order will be dispatched.
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 to 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 Click4reg 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 Hitachi Capital / Specialist Lending Ltd. Shipment of your goods will follow soon after your agreement has been returned to our finance company.
Will your 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, our finance providers also take into account confirmation of your identity, validation of certain application details, existing commitments and information held at the credit reference agencies. Though our finance providers are unable to provide you with a main reason for 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 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 7WF
Equifax Ltd., Customer Service Centre, PO Box 10036, Leicester, LE3 4FS
TransUnion International UK Limited, Consumer Services, PO Box 491, Leeds, LS3 1WZ
The above listed agencies will provide details of information relating to 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. Our finance providers acknowledge that your circumstances change and just because our finance providers have refused a previous application, it does not mean that they will automatically turn down a further request. Our finance providers do suggest however, that you leave at least 6 months between applications.
Can I request delivery to an address other than my home?
In order to safeguard against fraudulent applications, our finance providers regret that they are only able to deliver goods to the home/billing address of the applicant due to anti-fraud reasons.