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Shar 3 Pay Plan
Questions? 866.742.7270
 
Shar Instrument & Bow 3 Pay Plan
SIMPLE...Pay in 3 equal monthly payments
CONVENIENT...Charged to your credit card
APPLY TODAY!...Get an approval within one business day

Start your application today by calling a Shar Violin Shop Representative at 866.742.7270

This is a deferred billing plan, Shar does not charge you any interest. A credit report is required for which there is a $25 fee. Not everyone will qualify. This plan is available within the United States to persons 18 years of age or older.

FAQs
How does it work?

Select an instrument or bow that is eligible for 3 Pay and place your order with a Shar Violin Shop representative. The representative then provides you with a secure website to enter your credit request information including name, address, social security number, date of birth, and credit card number.

If credit is approved, Shar will take the total amount of the qualifying order, including shipping/handling and divide by three. The first payment is due upon shipping. The final payments are charged at 30 and 60 day increments from the first one (on the credit card entered at time of application). A major credit card is required for payments as we do not send a bill/invoice. Any special terms or conditions will be noted on the secure website when you apply.

What Does it Cost?
There is a $25 processing fee for Shar to run the appropriate credit reports. This fee is applied as a credit on any qualifying order. Even if you choose not to use the 3 Pay Plan, if your order is for a qualifying instrument or bow, the $25 processing fee will be credited to your order.  If the you decide not to purchase and are declined on the 3 Pay Plan, the $25 is non-refundable.

There is no interest charged on this plan.

Who Sees the Customer's Personal Information and SSN?
The Shar accounting department only.

What Credit Information Does Shar Use to Make their Decision?
Our accounting department requests credit reports from major credit bureaus. Each bureau has its own FICO score which is usually different. An average is taken from the reports to determine your score. If this average is high enough, you are approved. (FICO scores range from 400-850).

What is a FICO Score?
A FICO score is a credit score developed by Fair Isaac & Co. Credit scoring is a method of determining the likelihood that credit users will pay their bills.  Credit scores are calculated by using scoring models and mathematical tables that assign points for different pieces of information which best predict future credit performance.  Credit scores analyze a borrower's credit history considering numerous factors such as:
- Late payments
- The amount of time credit has been established
- The amount of credit used versus the amount of credit available
- Length of time at present residence
- Negative credit information such as bankruptcies, charge-offs, collections, etc

There are really three FICO scores computed by data provided by each of the three bureaus––Experian, Trans Union and Equifax.

How Do I Know My FICO Score?
You can request your own report at www.myfico.com. Each credit bureau will charge around $16 for their report. It’s important to understand that we don’t just use one report. If you only purchase one bureau report, the score you receive may be different from the one we obtain by running multiple reports.  Shar has no control over what the credit bureaus report or how they determine your FICO score.

Can I Use the Shar 3 Pay Plan for My Order in the Call Center/Store?
At the present time we are only able to offer 3 Pay terms on select instruments and bows offered through the Shar Violin Shop. If you don’t see the ‘3 Pay’ logo on the item(s) you are purchasing then this payment option is not available.

Can I Change My Credit Card for my 2nd or 3rd Payment?
No, unfortunately, credit card payments are setup to run automatically.

Can I Change My Billing Date?
No, unfortunately, credit card payments are setup to run automatically.

What Happens if I Decline on a Payment?
There is a $5 decline fee, and we will contact you to gain new credit card information .

Can I Do an Instrument or Bow In Home Trial and Use the Shar 3 Pay Plan on the Instrument or Bow I Select?
Yes, for select purchases above $1,000 offered through the Shar Violin Shop.

If credit is approved, Shar will take the total amount of the qualifying order, including shipping/handling and divide by three. The first payment is due upon shipping. The final payments are charged at 30 and 60 day increments from the first one (on the credit card entered at time of application). A major credit card is required for payments as we do not send a bill/invoice. Any special terms or conditions will be noted on the secure website when you apply.

Terms and Conditions
1) Description:
Shar’s 3 Pay Plan is a deferred billing plan under which you agree to make three equal payments for qualifying purchases. The first payment is due at the time of initial sale, and you will be billed at 30 day intervals for the remaining payments. You agree to make all payments as due. This Plan is available only within the United States to persons 18 years of age or older, with a major credit card.

2) Qualifying purchases: Shar’s 3 Pay Plan covers instruments and bows with a selling price between $1,000 and $10,000. Additional products may be included in the initial qualifying order, and payment deferred on them in the same manner.

3) Application: To apply for this Plan, you must contact a Shar Violin Shop representative at 866.742.7270.

4) Credit report: A credit report is required to participate in this program, and the sale must be completed within 30 days of the credit report run date. The cost of this credit report is $25, and the person responsible for payment must complete an on-line form authorizing Shar to run a report.

5) Refundable/non-refundable fees: If you are approved for the 3 Pay Plan, and make a qualifying purchase with 30 days, the $25 credit report fee will be applied to your first payment. If you are not approved for the 3 Pay Plan, the credit report fee is not refundable, but may be applied to an instrument or bow purchase over $1,000.

6) Qualification: In order to qualify for the 3 Pay Plan, applicant must receive a minimum credit score which is provided by a third party credit score provider.

7) Completing the purchase: Once approved, the Shar Violin Shop representative will assist you in completing the purchase and setting up the 3 Pay Plan.

8) Missed payments: If you should miss making a second or third payment, you agree that Shar may rebill as necessary your credit card on file. You further agree to keep Shar informed of any changes in your credit card information, such as a new expiration date, a new account number or new billing address. If your credit card declines a $5 decline fee will be charged, and we will contact you to gain new credit card information.

9) Non payment: If you miss making a payment for 90 days, it shall be considered nonpayment and you will be in default of this agreement. You agree to settle the full balance due within 5 business days.