![]() ![]() If you continually miss payments or fail to pay, the firms could take stronger action to recover the debt, like selling it on to another firm. Missed payments or failure to pay back can also be noted on your credit report and the mark can stay there for six years. If you miss a payment with either Butter or Fly Now Pay Later, you're charged £12. ![]() By comparison, a credit card typically charges 23% APR.īoth firms perform a credit check beforehand to check your eligibility for financing. This makes the total cost of borrowing £936 and gives a representative APR of 51.8%. On its website, Fly Now Pay Later gives an example where an £800 loan over 10 months incurs a £136 transaction fee. Here's what we were offered on a £600 trip to Portugal on .įly Now Pay Later credit options for a £600 holiday Borrowing for a shorter period is interest-free but spreading the cost over a longer period will attract a transaction fee or interest. Meanwhile, Fly Now Pay Later lets you borrow between £100 and £3,000 to book a trip, over 30 days up to 12 months. There's no minimum spend but the maximum is capped at £3,000. ![]()
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