Laybuy accepts and allocates limits, or declines applications according to our credit policy which includes credit information provided by our partners, Centrix and Experian.
When you go to place a Laybuy order, your account is created and you are assigned a limit.
To work out your Live Laybuy Limit, simply add all pending transactions across all orders, then subtract this from the number above.
Before you complete your purchase, your payment schedule is shown to you. Laybuy doesn’t restrict the amount you can spend however if you exceed your limit, you are required to pay the “excess” on Day 1.
This will only ever occur when the total purchase price of your items exceeds your limit.
We review your credit limit every 2-3 months and is dependent on how often you use the service and if your payments have been on time.