Tradewise Instalment Schemes
We have now consolidated all
the existing Tradewise instalment schemes with Premium
Credit into one new scheme which is suitable for all risks
and premiums in excess of £500.
| Instalment Profile |
Flat Rate |
APR |
New Business -
30% Deposit* and 9 Direct Debit collections
commencing one month after inception |
12.0 |
31.8% |
Renewals -
30% Deposit* and 9 Direct Debit collections
commencing one month after renewal |
12.0 |
31.8% |
* As with the existing instalment
schemes, the deposit should be collected from the Policyholder
as cover commences. Tradewise requires a cheque for the deposit
amount (less your commission) to be drawn
on your bank account.
In all instances, you will be
paid an Over-rider of 3.0% on all successfully collected instalments.
This Over-rider will be paid to you directly by Premium Credit.
Take the Policyholder's bank
details using the script provided and complete a copy of the
document. Once completed, the document and your cheque (less
your commission) for the deposit should be submitted to Tradewise
for processing.
Should you require any assistance
or have any queries regarding the process, please do not hesitate
in contacting our Credit Control Department.
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