The joys of visiting family, reconnecting with loved ones, traveling, and reflecting on the previous year abounds during the holiday season. Of course, travel and family visits come with time off, as well as the uncertainty of how management will react to the vacation that is actually taken. Balancing work/life and making sure you spend as much time with your family as you do with your job can be difficult. This leads to stress, and stressed employees perform poorly. Credova, an innovative buy now, pay later provider specializing in outdoor lifestyle, agriculture, and household brand names, had also decided to take care of that dilemma.

What types of financing are available?

Credova works with a network of financing companies that provide retail instalment sales contracts (RISCs) and/or closed-end consumer lease agreements.

What is the distinction between such a RISC and a Closed-End Customer Rental agreement?

With a RISC, you buy the item and agree to make installment payments over a set period of time, plus any applicable interest rate. A closed-end consumer lease agreement does not include an interest rate and instead charges monthly leasing fees. With a closed-end consumer lease, you lease the item(s) from the lesser and have the option to purchase the item(s) during the lease period.

Interest-free timeframe of 90 days

If you pay off your principal in 90 days, you won’t have to pay any interest. You can also make payments over a longer period of time, up to the term length specified in your Credova offer. Approval for 90-day interest-free offers is subject to the applicant’s credit history. Keep in mind that not all offers are interest-free for 90 days. Please carefully review your offer details before completing your purchase.

What is the current interest rate?

The interest rate is the amount charged by a retailer to a customer, expressed as a percentage of the principal, for the ability to pay for an item over time. This is frequently expressed on an annual basis, and is known as the annual percentage rate (APR). The system takes into account more than just your credit score, and your interest rate will vary depending on the information you provide.