Pay in monthly installments
Easy Financing
With our Pay on Invoice payment method you are entitled to purchase up to 5,000 DKK/SEK worth of products and will receive 45 days credit. You will receive the invoice along with your purchase. An administration fee of 29 DKK/SEK will be added to your total order amount. The amount should be settled in our account by the last day of the month. If payment is fulfilled according to our terms then no further charges will apply. If payment is not received in time an additional 50 DKK/SEK will be charged to your balance. If you choose part payment or if payment is not received in full, the balance will automatically be transferred to a Dyrberg/Kern account payable over 18 months. Credit approval will be carried out per default.
Part payment with Dyrberg/Kern customer account
Dyrberg/Kern customer account is free to set up and has a benefit of being able to part-pay the balance in installments. The amount payable is stated on a monthly statement that also details all items purchased and payments to date. The minimum amount required for an installment is 1/18 of the total balance, which includes interest and an administration fee; this needs to be at least 50 DKK/SEK. If you wish to extend the paying off time, to a maximum of 36 months, you will need to contact our Customer Service.
You can at any time pay off parts or the whole amount in advance without any extra fee. Payments can only be made to Collector Credit AB on postgiro 415 71 03-5.
Payment-free month
You are allowed to use two payment-free months a year. The first four months cannot be used as payment-free months and you need to make four consecutive payments before a new payment-free month is eligible. The interest for the payment-free months is added to the total outstanding balance and using a payment-free period extends the repayment period.
Interest and administration fee
The interest is 1.71% per month and is calculated on the balance at the last day of the month. The administration fee of 29 DKK/SEK per month is added to the balance. Nominal annual interest is 20.52%. The effective interest on 10,000 DKK/SEK will be 30.2%. The interest is subject to changes due to the political climate, changes in the cost of borrowing or other costs that might occur after the date stated below.
Failure to make payments
A person who has applied and been approved credit is held accountable to repaying the debt. If payments are not submitted on time, the full balance is subject to payment, if the outstanding balance amounts to more than a tenth of the total amount payable. You will be charged a fee of 50 DKK/SEK for each payment reminder. Interest on arrears will be charged with 2.5% per month. Any costs related to possible collection of debts are applied according to existing law.
Creditor
The creditor is Collector Credit AB (company no. 556597-0513) in collaboration with Dyrberg/Kern A/S. If you have any further queries you are welcome to contact the Collector Credit AB customer service at +46 317502100.
Change of circumstances
Change of name or address of the account holder should be reported to Collector Credit AB and Dyrberg/Kern. Dyrberg/Kern customer account has the right to convey and/or pledge the outstanding amount to another creditor.
Credit limits
It is usual for a credit of 5,000 DKK/SEK to be approved for new accounts. This credit can be extended to up to 10,000 DKK/SEK after credit approval has been made. Dyrberg/Kern reserves the right to limit the credit amount. We will examine all credit applications.
Date for terms
All costs and interest rates in the terms is valid as per 2010-01-01.