Another way to decimate your credit file.
Whilst the idea is good in theory , when will these companies realise that performing a credit check for essential bills sub $500 looks quite bad on your credit file.
Imagine applying for a home loan and the loan assessor sees a credit check for deferit, he or she will likely file your application in the closest document shredder as they will wonder why you cant afford the light bill etc.
In fairness to deferit, he fees are very fair compared to the other BNPL schemes.
- Verified customer
What a brilliant idea.
I signed up to test out deferit. I uploaded a small bill of around $120 just to trial the service, and all I can say is what a bloody fantastic idea. Sure you might pay an extra $10 in fees, but for those of us that find it difficult to pay a power bill etc on time, especially around times of Xmas etc, this service is gonna be the afterpay of bills. I've made my first payment, and it's just like a buy now pay later service, only for billing. Thanks for coming up with a service that's going to assist Aussies to keep ontop of their bills.
- Verified customer
Cannot fault Deferit
I have been using deferit for over a year.
I have had nothing but good experiences from this service; they take care of many different types of bills and split them into four easy payments. Even large commitments like car registration are no trouble. As a single person on a single income these costs can take a toll fortnight to fortnight, but deferit is always there to make life easier by dividing the bill into four repayments over 8 weeks - and sometimes you dont even notice having to pay. Whereas forking our large bills all in one hit can le...
Good for Bills, but be aware there is no clear cut definition of bills they support
Be aware bills uploaded are subject to scrutinization by the team at deferit
Terms and conditions don't clearly state this however they will advise if bill type is not supported
Ideal for rego, water, electricity and gas but any thing that is tangible (Laptops, computer stores or any purchases of a physical item) will NOT be approved.
Ideal for bills, can take some time to approve bills (Subject to checks)
Credit checks are done at initial signup.
**Very slow approving bills - uploaded a foxtel bill today at 8:30am and now nearly 12pm qld time and still NOT approved, even after I am loyal customer**
**Review reflects my personal experience with Deferit**...Customer service is helpful but often not experienced with answers and generic responses will be provided when they do not understand a question. My advice: Use for bills and anything that offers a proper invoice Tangible items are a no go and will not be supported My advice to Deferit as a company: Supported bills list Better credit limits for long term customers CCR Reporting for Revolving line of credit for credit reporting on time payments Live chat support rather than email Transparency in bill support Application on IOS / Android shows credit limits / available balance in a nicer fashion Better Referral bonuses.
Love Deferit, so easy to use and my bills are paid on time without the added stress! Highly recommend them to anyone who needs help paying their bills and don’t want to get ripped off using a payday loan or emergency loan, Deferit don’t charge extra fees or interest
This service is really good
This is an amazing service which allows you to defer bill by essentially splitting them into different payments - so if you are whacked with a huge electricity bill (like I was for $1200 during winter), you can defer it to 3 payments of $400 over a few months for a monthly fee of $5 and Deferit pays the whole bill before its due date. WIN. That means you don't lose your early discount with the electricity company (and also don't pay late fees which are much higher than the $5/month) and it also means your credit rating remains good. There is no interest charged.
Customer service is great
I have had a great customer service experience with Deferit, I had made a wrong decision to post my first review based on not knowing how the system works out your amount you can lend, but now I understand exactly how they operate and how their system works, it is a very benificial and an easy service to use. If you have any concerns, all to need to to is ask.
Questions & Answers
Can you use deferit for a rental bond
Hi Michelle, we support pretty much every bill but not rent. Check out our FAQ for further info: deferit.com.au/faq
can you pay school fees or partial payment for any type of bills?
Yes we support school fees as long as it has a supported payment option on the invoice and bills can also be partially paid with our service :) Let us know if you have any further questions!
Can i use my balance to pay a bill not in my name eg water bill in land lords name
Hey there, the bill doesn’t need to be in your name. Let us know if you have any other questions :)
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