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22 Oct 2020

Help us understand your knowledge and preparedness for SCA by completing the following anonymous survey before 27th October

21 Oct 2020

Earlier today Pennine Cycles, Sound Records Stroud and Nourish Zero Waste appeared on Sky News' Ian King show in support of today's Best Small Shops Competition 2020 shortlist announcement!

21 Oct 2020

Due to the high number of excellent quality entrants this year there has been a total of 30 shops announced in the running to be named Winner, Runner Up or Most Innovative Business During COVID-19.

20 Oct 2020

The ACT has restructured to be bigger, better and more value for money

19 Oct 2020

Maybe* has gathered 14,000 answers from across the UK to understand what shoppers want from retail over Christmas 2020

8 Oct 2020

Maybe* is an engagement and insight platform that helps businesses to deliver exceptional social media experiences that deliver business results

7 Oct 2020

Global Payments have provided an update on Strong Customer Authentication, and as the payments industry continues to prepare withinthe current climate, the regulatory timescales have now...

6 Oct 2020

Watch the latest #BikeIsBest film to see the headline figures on the campaign's reach and success.

5 Oct 2020

The single-use plastics ban has now come into effect in England as part of Government's 25 Year Environment Plan.

30 Sep 2020

There is an official form you can send to your credit company to claim back for your dropped credit score

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Your route to the right finance provider

Posted on in Business News , Cycles News

Buy now pay laterFollowing on from the ACT mini-series, Choosing the right finance provider, avoid the pitfalls, the Association of Cycle Traders have created an infographic to make it as clear as possible what to look out for when choosing the right finance provider for you.

We know that more customers are spending using retail finance as the latest figures from the Finance and Leasing Association (FLA) identify that UK consumers now spend nearly £800 million every month on goods and services using retail credit.

The cycle retail finance landscape is currently experiencing many changes; providers consolidating, a lack of funds meaning providers have had to close and providers withdrawing from the market. Some of these scenarios have left cycle businesses high and dry.

This issue is being increasingly reported on by the media, with reports of Buy Now Pay Later services encouraging snap buys and causing consumers to become financially over-committed, these companies have also been accused of misleading customers and negatively affecting credit scores.

To avoid these pitfalls the ACT have provided a number of warning signs to look out for and steps to follow to ensure that you and your customers are being looked after during the retail finance process, as well as getting the best value for money.


Ride it away, Retail Finance



If you have any questions about the points above, or you would like more information about Ride it away retail finance contact the ACT or visit the website.

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