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Finance Agreement

Last updated May 27, 2020

Josh Plant

Last Update 6 months ago

By choosing a finance agreement with Trenclo, you agree to make prompt payments over the agreed 6 or 12 month period, and acknowledge the possibility of legal action for non-payment.

6 Month Plan

With a 6 month plan, you agree to make 6 monthly payments to the sum of your project. The first invoice is issued immediately upon completion of the work(s) and is due within 30 days. The next 5 invoices will be issued on the 1st of each month, starting with the following month.

Example: A project completed on 15th of January totalling £200 (+ £40 VAT @ 20%) is split over 6 monthly payments. The first invoice is issued immediately and is due within 30 days, the next invoice is issued on the 1st of February and is due within 30 days.

12 Month Plan

With a 12 month plan, you agree to make 6 monthly payments to the sum of your project. The first invoice is issued immediately upon completion of the work(s) and is due within 30 days. The next 11 invoices will be issued on the 1st of each month, starting with the following month.

Example: A project completed on 15th of January totalling £200 (+ £40 VAT @ 20%) is split over 12 monthly payments. The first invoice is issued immediately and is due within 30 days, the next invoice is issued on the 1st of February and is due within 30 days.

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