You can set up an instalment plan at the time of making a drawdown in the Cred app, or at any point afterwards for all or part of your existing balance. The minimum qualifying amount is £50. When setting up a plan, you choose either how many months you’d like to take (3 to 48 months) or the fixed monthly amount you’d like to pay — whichever is easiest for you. If you set up a plan to cover your full balance and then make a new drawdown, that new amount won’t automatically be included in the existing plan.