We’ve updated our Payment Plan program and wanted to clearly explain the changes we have made and how they will impact you.
We have not made any changes your existing payment plan(s), and won't, unless you request them.
This week we’ve rolled out changes that impact new orders placed using our Payment Plan program.
- All new orders placed using our Payment Plan program will require a minimum downpayment: 25% of the order total or $500, whichever is less.
- The downpayment will be due at the time the order is placed.
- We have changed the length of the payment plans we offer, they now range from 2 to 20 months.
- A $100 minimum order is still required to be eligible for payment plans.
You can read more about our Payment Plan program here: https://www.logos.com/faq#PaymentPlans
We've also updated how payment plans can be combined. You have two options.
- Create an additional payment plan
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Purchase new books, put at least 25% of today’s purchase price on your credit card (or $500, whichever is less), along with the $5 payment plan fee
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Pay the remaining balance over the months allowed, based on the size of your purchase.
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This new payment plan stands on its own. If your purchase allows a 6 month plan, it will be a new payment plan for 6 months with its own payment plan fee. If you already had one, two, three, or more other payment plans in place, they will all be unaffected by this new plan, and will stack up, all with their own balances, due dates, and individual fees.
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If you prefer, we can organize your multiple plans so that they are all charged on the same day of the month, but they will still appear as separate charges on your credit card whether on the same day or not.
- Add the balance to an existing payment plan
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Purchase new books, put at least 25% of today’s purchase price on your credit card (or $500, whichever is less)
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Pay the remaining combined balance over the months allowed, based on the size of your purchase. Note: If the length of your existing plan is greater than 12 months, the length of your new combined plan will be either the number of months allowed with your new purchase, or 12 months, whichever is greater.
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This addition, or combining of payment plans, allows you to only be charged one $5 payment plan fee per month, and consolidates your balance so your credit card is only charged once per month.
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For accounting purposes please note—the 25% “down” on any combined payment plan goes to pay off your oldest balance first, and is not a payment on the specific title(s) in your new purchase.