Room 7 Interest Free Account Facility
· Interest free for the life of the account. 0% APR Representative
· Opening spend £250 with no minimum re-spend
· No Deposit required
· 6 interest free payments triggered from the start of the account or the latest spend
· There is never any interest to pay
· Credit limit assigned to you to spend in Room 7 whenever you wish
· Monthly statements detailing your Room 7 Account
Requirements:
· Must be over 18, and be UK resident for the last 3 years
· Employed, Self-employed, a homemaker or retired
· Credit / Debit card registered at your address to complete a secure ID check. (credit subject to status)
Example of how it works:
Initial spend £600 = 6 equal payments of £100 each month. 1st payment is taken by direct debit one month after the account is opened.
If after 3 months you have paid £300 off your account you decide to spend another £600 bringing your balance to £900, your 6 months interest free credit starts again for the new total amount. Now your payments will be £150 for 6 months!
In simple terms, each time you spend using the Room 7 account facility you get a fresh 6 months to pay off the balance.