Why not talk to us about your finance options?

Licensed Credit Brokers - Regulated by the Financial Conduct Authority for Credit Brokerage

Through our finance partner, Novuna Personal Finance, we can offer a variety of finance options. When you place an order online, we can offer interest free credit over 9 months with a minimum 10% deposit and no further fees payable. To take advantage of the online offer of 9 months interest free credit, your total basket value must be over £900 once the 10% deposit has been paid. For example, an ex-demonstration Topaz 40 at £1,499 would require a 10% deposit of £149.90. The balance to pay on finance would be £1,349.10, which is above the £900 minimum order value.

We can offer alternative finance options in store and over the telephone:

Buy Now Pay Later Finance with only 10% deposit over 6,10 or 12 months deferred term, with no interest payable providing the balance is settled by the agreed deferred term (there is an early settlement fee of £29 payable to Novuna). The interest rate would be 16.9% APR if it was not settled in the deferred term.

We can also offer interest bearing credit for up to 36 months with a 10% deposit, typical interest is 19.9% APR.

As an example:
Opal 670 sewing machine at £999.

  • Buy now pay later: pay £99.90 deposit and then pay nothing for 6 months. Settle the remaining £899.10 within the 6 month period and pay a £29 early repayment charge and the total you pay is £1028. If you do not settle your agreement within the 6 month period then an interest rate of 16.9% APR is applied over a total 48 month term.
  • Interest bearing credit: pay £99.90 deposit and then pay £26.55 per month, over 48 months, with no additional fees and an APR of 19.9%. Your total amount payable is £1,374.30.

For more information or to take tone of these alternative finance options, please call the shop on (0115) 9881550.

Credit subject to status and affordability. Terms & Conditions Apply. Coles Sewing Centre Ltd trading as Coles Sewing Centre is a credit broker and is Authorised and Regulated by the Financial Conduct Authority. Financial Services Register no. 728470. Credit is provided by Novuna Personal Finance, a trading style of Mitsubishi HC Capital UK PLC, authorised and regulated by the Financial Conduct Authority. Financial Services Register no. 704348. The register can be accessed through http://www.fca.org.uk.

You can view our Consumer Duty Document by clicking here.


Finance FAQ

How do I choose to PaybyFinance?

Just select the finance option on the checkout page or let the sales consultant know if you're buying in our showroom / store.

Who is eligible to apply for online finance?

To apply for online finance, you must be over the age of 18, work at least 16 hours a week, or be retired with an income. You must also be a resident of the United Kingdom and have lived in the UK for the last 12 months or more.

Unfortunately, we are unable to offer online finance to residents of Eire. Homemakers aren't excluded from applying under their own names; however the employment details of your spouse / partner will be required in order to process your application.

When do my repayments start?

Your monthly repayments will begin one month after your purchase has been delivered.

Are there any arrangement fees or hidden extras for credit?

No. There are no arrangement fees or hidden extras.

Applying for online finance

Applying for online finance couldn't be easier or more convenient. When you buy online from Coles Sewing Centre Ltd trading as Coles Sewing Centre you have the choice of applying for finance by adding your purchase to the shopping basket, selecting the finance option, and completing an online application form. Just follow the simple instructions, entering your personal details as required and we'll do the rest.

The whole process only takes a few minutes and is simple and secure. Once your finance application is approved, you will then be advised of how to sign the finance agreement and you will also receive an email confirming these details.

Please read the agreement carefully checking that all the details are correct, then either electronically sign the agreement or print and sign the agreement in both boxes. Post the signed agreement to the address shown on the covering letter of the agreement.

Following receipt of your finance agreement and a few additional checks, your goods will be dispatched.

Your Questions Answered

Here's some of the most commonly asked questions regarding online finance.

Once my application is approved, what happens next?

Within minutes of your application being approved, you will be presented with the options to either e-sign or print and return your finance agreement.

If you choose to e-sign your agreement, a PDF of your agreement will be displayed on screen. You should read the agreement carefully before clicking all the relevant sections agreeing to its terms.

Once you have agreed to the terms of the finance agreement Coles Sewing Centre Ltd trading as Coles Sewing Centre will be notified and you need do nothing more.

If you choose to print and return your agreement you should print the agreement, read it carefully and then sign the document following the instructions on the covering letter. This signed document should then be posted to the address shown on the covering letter of the finance agreement.

Note that products will not be allocated to your order until your completed and signed agreement is returned and received by Novuna Personal Finance. Shipment of your goods will follow soon after your agreement has been returned and received.

Will you credit score me and if so, what does this mean?

Credit scoring is the process used by financial services companies to evaluate the credit risk of new applicants. This technique will be applied to your application for online finance. Credit scoring works by awarding points for each answer given on the application form such as age, income and occupation, together with information obtained from credit reference agencies.

This information allows consistent decisions to be provided, ensuring all applicants are treated fairly. Credit scoring does not discriminate on the grounds of sex, race, religion or disability.

If you decline my application, what is the reason?

In addition to credit scoring, Novuna also takes into account confirmation of your identity, validation of certain application details, existing commitments and information held at the credit reference agencies. Though Novuna is unable to provide you with a main reason for the decline of your application, it is usually based on one, or a combination of the following:

  • Your credit score (please note that every finance company will score you differently)
  • Adverse credit reference agency information
  • You are considered to be overcommitted
  • You are aged under 18
  • Your existing account performance with other lenders

What type of information do credit reference agencies hold about me?

Some of the information is public information, for example electoral roll, County Court Judgements and bankruptcies. Other lenders may also file information about accounts you hold with them for instance this could include your payment history and outstanding balance on these accounts. Any requests for credit, where a credit reference search has been undertaken, will also be filed, although the result of the request is not recorded.

How do I obtain a copy of this information?

You should send a cheque for £2.00 made payable to the relevant credit reference agency, together with details of all addresses at which you have lived over the last 6 years:

Experian Limited, Customer Support Centre, PO Box 9000, Nottingham, NG80 7WF

Equifax Ltd., Customer Service Centre, PO Box 10036, Leicester, LE3 4FS

TransUnion International UK Limited, Consumer Services, PO Box 491, Leeds, LS3 1WZ

The above listed agencies will provide details of information relating to these addresses. If you believe that the information is incorrect, you can ask the agency to correct it.

If my application is not successful, can I re-apply?

Yes. We acknowledge that circumstances change and just because a previous application has been refused, it does not mean that a further request will automatically be turned down. We do suggest however, that you leave at least 6 months between applications.

Can I request delivery to an address other than my home?

In order to safeguard against fraudulent applications, we regret that we're able only to deliver goods to the home address of the applicant.