SHOPPING WITH STUDIO PAY

Q: How can I make payments?

You can make payments on our website, via the Studio app, or over the phone with us, or by posting a cheque, or postal order. You can also pay via your bank, in branch. The easiest way to pay is by Direct Debit, which automatically takes the minimum payment every month.

Q: What can I do to reduce interest?

There are 4 ways you can reduce how much interest you pay: * Paying the full outstanding balance before the due date will ensure no interest is charged * Pay off as much as you can each month * Make your payments as soon as you can each month * If you’ve chosen an Interest Saver plan paying the full balance outstanding before the end date will ensure that no interest is charged. Paying as much of the balance off before the end date will reduce the interest charged at the end of the plan.

Did you know you can now use your Studio Pay account to shop at Sports Direct, Flannels, House of Fraser, as well as Studio? So you can now enjoy the flexibility of spreading the cost of your purchases across even more brands!

REPRESENTATIVE 39.9% APR VARIABLE. CREDIT SUBJECT TO STATUS. OVER 18'S ONLY

When you know there's something you need – new washing machine, new school shoes – you can put it on your Studio Pay Credit Account. It means you get a bit more time to pay, and one less thing to worry about. You can even spread the cost into smaller, more manageable monthly payments if it helps. And we'll let you know what to pay and when, so you're always on top of your spending.

PAY THE WAY THAT SUITS YOU BEST

Pay monthly

Add your shopping to your account and pay for it monthly, you can pay the minimum amount or more – the choice is yours

DISCOVER ALL THE PERKS OF STUDIO PAY

APPLY IN MINUTES. INSTANT DECISION.

Apply now and you could be enjoying all the perks of Studio Pay in a matter of minutes. Just click the button below to start shopping and look out for Studio Pay when checking out. When you apply a credit search will be required. We'll run a search with credit reference agencies, this may affect your ability to obtain credit in the future.

Things you need to know about Studio Pay

You must make a minimum monthly payment. If you miss a monthly payment you’ll be charged a default sum and it may affect your credit score.
If you pay less than the full outstanding balance on your monthly statement by the due date you will be charged interest on the balance remaining.
If you only pay the minimum payment each month it will take you longer to pay off what you owe and you will pay more in interest.
Making your monthly payment earlier in the month will mean that you pay less interest on your balance remaining on next month’s statement.

Studio Pay Frequently Asked Questions (FAQs)

Can I spread the cost?

Yes, it's easy to spread the cost at Studio with a Studio Pay Credit Account.

You don't need to make a payment when you order, you simply wait for your statement. Once it arrives you can either pay in full or spread the cost and pay monthly to give yourself a bit more time.

Remember, you must pay the minimum payment each month, and it's always best to pay off as much as you can afford. If you pay off your balance in full, on time, you pay no interest.

What are my repayments and when are they due?

Each month we send you a statement showing what you've bought, refunds you've had, payments you've made and any charges due. Your statement also shows how much you need to pay and when.

You must make at least the minimum payment. If your balance is less than £10, you'll need to pay in full.

Remember it's always best to pay off as much as you can afford. If you pay off your balance in full, on time, you pay no interest.

If you don't pay the minimum payment or you are late paying it, we may charge you a fee of £12. Refunds and returns don't count as payments.

If you're waiting for a refund or have a dispute on your account, you must still pay at least the minimum payment.

How can I make payments?

How do you calculate interest?

We charge interest when you pay monthly for your shopping. Your statement shows you how much interest you've been charged that month, and also how much you're likely to be charged the month after.

We calculate the interest daily using the account balance, once we have processed all transactions for that day. We then add the total of the daily interest charges to the account balance on your statement date. Interest is 'compounded', which means we charge interest on interest. We don't compound interest on default charges.

What can I do to reduce interest?

There are 4 ways you can reduce how much interest you pay:

Paying the full outstanding balance before the due date will ensure no interest is charged
Pay off as much as you can each month
Make your payments as soon as you can each month
If you’ve chosen an Interest Saver plan paying the full balance outstanding before the end date will ensure that no interest is charged. Paying as much of the balance off before the end date will reduce the interest charged at the end of the plan.

MONEY WORRIES?

If you're struggling to afford your monthly payments, we're here to help. Get in touch as soon as you can, and we can work out a plan to get you back on track.

INFORMATION ABOUT INTEREST SAVER PLANS

For more information about an existing Interest Saver plan. These are no longer available to Studio Pay customers.

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