Hey there! so, this isn’t generally the kind of post id write but after thinking about if i want to write this or not in the end i want to, so that hopefully i can stop maybe even just one person from ending up in the situation that i did.
So, if your in the uk i think most people would of heard of a website called very.co.uk, owned by littlewoods very is basically an online catalogue/department store. Selling clothes, tech, homeware and beauty.
I started using these online catalogues years ago, simplybe is a well known one and the first one i used. Because they have an account option were you have x amount you are allowed to spend, it goes into this total and you pay it off month by month.
When i was around 18 i got into shopping as a way to cope, and very was a very easy way to do this. I was already hitting my overdraft every month, so as my mental health went downhill i would buy £100s of pounds worth of beauty products on very at once and pay off x amount every month. Not once thinking to check the interest.
over the course of the next few years i ended up with a very account with around £3000-£4000 pounds on it, i dont know still to this day how much was interest but considering events this year i do now wonder. Eventually, with help from family i paid it off and vowed id never touch very again.
But years unable to work, you have limited options and when i found myself a bit short with the money i saved up for a new pc i went to very and went for the buy now pay later scheme. This meant that i didn’t have to pay anything for a year, and i thought it wouldn’t start gaining interested for a year either, so i continued saving up for the next year. A year comes around and i was £150 to paying it off completely, so i paid off what i could and planned to sort the last £150 in the coming months. I knew i would get a bit of interest, but nothing i couldn’t handle because it would only be a month or two right?
So i log in to make my first payment to get rid of the last bit a few weeks later and find that i have £450 in my account now, huh? when did that happen? i look in transactions and find my answer, i got charged £300 in interest im guessing from the buy now pay later scheme, the year it was meant to be interest free. So i got charged 60% interest, yes 60%.
There was nothing i could do, it was interest after all so now im in the process of trying to pay this off, though its a bit difficult when if your payment is even half an hour late you get charged £12, and in September i got charged £13 in interest on the 1st of September and £13 on the 30th of September. They are also demanding payments randomly, sometimes every 3 weeks.
Ive warned everyone i know off of very and once they are paid off i will never ever touch them again. Im writing this so that others know to stay away from them. I know things can get tight and schemes like this can help but try simplybe for example, ive had much better experiences with them! of course ideally, stick to only spending the money you have.