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damien

HIS Hair finance options in the UK and USA

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Dear all,

 

I am thrilled to announce that HIS Hair Clinic now offers finance packages to customers in the UK, and in the US. This is in response to extensive client demand, and is offered to make our scalp micropigmentation treatments more accessible to all.

 

We offer credit in the United Kingdom via First Medical Loans, and in the United States via United Medical. We offer two types of credit:

  • 0% finance over terms of up to 12 months
  • A competitive APR for terms of up to 60 months

The criteria for offering credit in the UK are as follows:

  • You must have a clean credit history
  • Full time employment with a minimum net pay of £1000 per month
  • Aged between 21-75
  • Loan amounts of £4000 or more are offered to homeowners only
  • Self employed applicants must be homeowners

Clients can apply online via this link:

https://apply.firstmedicalloans.com/fml/ClinicStart.do?clinic=231

 

Or by calling First Medical Loans directly on 0845 6341199. An immediate decision is given on application. To apply for finance you will need a quotation from HIS. Customers paying on finance are not required to pay a deposit to HIS Hair Clinic, however please be aware that due to the statutory 14 day cooling-off period that apply to all finance agreements in the UK, your first session cannot be scheduled until at least 15 days after your finance has been approved.

 

Please note that your relationship with the finance company is independent of your relationship with HIS Hair Clinic. Upon commencement we are unable to answer any finance related questions or queries, and likewise First Medical Loans are unable to answer any treatment related queries.

 

The above terms apply to UK clients and are set by the finance company. We are unable to negotiate terms or appeals on your behalf. Similar criteria and terms apply to our American applicants, however I will clarify these as soon as possible when I have more details.

 

If you have any questions prior to application please call our team on 0845 6044618 or email info@hishairclinic.com.

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Jason your guarantee and the finance are two completely separate entities as Damien has mentioned above. Of course you'll still get your one year guarantee from HIS regardless of your payment method.
I should imagine you'd need to contact the finance provider to find out what the APR is. I sell cars for a living and provide vehicle finance so I know that the APR will vary dependant upon the amount of borrowing and over what term you choose to borrow the money even if the flat rate remains the same for all durations. For example if I sell a car on finance at 5% flate rate then the APR might be 11.2% over 36 months but only 10.3% over 48 months *the reason the APR varies is because the amount of finance charges against the total amount repaid (as a proportion) is different over the differing term lengths.

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No question is a silly question if you're looking for an answer to something you don't know! ;-)

 

It's great that the finance option makes it available to people so that their hairloss suffering doesn't need to be prolonged.

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Thanks for clearing that up Robby.

 

I forgot to mention by the way. The finance company are quite happy to process an application in someone elses name, so if you can't get the finance yourself but know someone who can, its always an option.

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I received a quote before Christmas & I'm still undecided about going for the treatment. Can I apply for the finance just to see if I would be accepted, then decide if I want to proceed or not?

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I received a quote before Christmas & I'm still undecided about going for the treatment. Can I apply for the finance just to see if I would be accepted, then decide if I want to proceed or not?

 

Of course. Whether or not you use the finance package has no bearing on the price you are quoted by HIS.

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If I try for the finance & get rejected, can I try again at a later stage? The reason I ask is because I'm currently in a short-term temporary contract at work but I'm almost certain that later this year I will be made permanent. So if I try now and I'm rejected, will that rejection have any impact on me trying again later in the year when I'm in a stronger financial position?

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If I try for the finance & get rejected, can I try again at a later stage? The reason I ask is because I'm currently in a short-term temporary contract at work but I'm almost certain that later this year I will be made permanent. So if I try now and I'm rejected, will that rejection have any impact on me trying again later in the year when I'm in a stronger financial position?

Declined credit applications have an adverse effect on your credit rating. If you don't think you'll be accepted, don't apply until you're ready. I don't know if a standard credit application asks whether you're temporary or permanent, just whether you're full time or part time and how much you earn. Can vary from lender to lender though, so might be worth going through the application to see if the question is asked.

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I've been approved for the financing in the US but they still want to charge me well over 100 dollars for the 12 months no interest. I told them I would even pay it off well under 6 months and they still want to tack on a fee just to finance me and I have perfect credit and easily qualify for the loan.

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I don't know anything about the his finance but in my experience of selling cars on finance they ALL charge various admin fees. These are to cover the costs of setting up the finance, carrying out status and credit checks, checking to see if you are the electoral register/voters roll etc

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I've been approved for the financing in the US but they still want to charge me well over 100 dollars for the 12 months no interest. I told them I would even pay it off well under 6 months and they still want to tack on a fee just to finance me and I have perfect credit and easily qualify for the loan.

You may have a perfect credit history, but the finance company are still taking on a risk. Plus they don't work for free and have operating costs to cover. If they're not charging interest, they have to make money somehow.

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Understood, I have the money and will just pay debit on all 3 treatments starting May 28th.  I was just gonna pay it off in 2 or 3 months to keep more cash in the pocket like we all want to do.  Not a problem, I'm really looking forward to the 1st treatment in Los Angeles.

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I've been approved for the financing in the US but they still want to charge me well over 100 dollars for the 12 months no interest. I told them I would even pay it off well under 6 months and they still want to tack on a fee just to finance me and I have perfect credit and easily qualify for the loan.

I applied and like you, am opting out. I found  the interest rates,  fees as well a penalty for early payoff not to my liking. No complaints, just not for me. 

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I have excellent credit and here are the terms United Medical Credit offered me last week.

 

Interest rate (before service fee): 13.99%

Term: 48 Months

Fee integrated in payment plan (included in monthly payment): $0.00

APR: 13.99%

 

Please prepare the following documents as some of them might be required to complete your payment plan application:

 

• Valid form of ID for each signer (Color Photo, or Color Scan)

• Voided Check (for auto debit)

• 2 recent pay-stubs (less than 45 days old)

• 1 Personal Reference - name, phone number, and relationship to reference needed.

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I earn £15k gross annual which is just above the £1k net monthly minimum that Damien mentioned in the first post. Yet when I'm going through the application process I'm told I have to have a minimum of £20k gross annual. Why is this? I'm not a home owner but I'm only looking at borrowing £2.4k so I am well under the £4k maximum but the online application rejects me if I say I'm not a homeowner. Quite frustrating!

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