Financing your purchases through a Buy Now Pay Later catalogue allows you to get the items you need without having to wait until you have enough cash on hand to afford them.
This type of financing plan which let you pay for your purchases over time, are the ideal solution for anyone on a tight budget.
Many plans offer incentives such as low introductory interest rates or deferred interest for the first year after the purchase.
From electronics, clothing, clothing to furniture, there are a variety of pay monthly catalogues which provide you with the option to buy now and pay later.
How expensive the item is, will determine how long you have to pay off your shopping. A small item, such as a pair of £30 trousers, won’t garner a long period for which to repay. On the other hand, if you bought a £900 laptop, you’d likely have a much longer time to pay, sometimes as long as a few years.
Credit catalogues that offer these types of payment plans operate in much the same way as credit card companies. They make their money by charging interest on your purchases. The amount of interest varies depending on the company and the items you buy.
In many cases, you can find deals that offer low or no interest for the first few months after the date of your purchase, allowing you to pay the money you borrowed back without incurring high interest charges.
Spread the cost
Opting for a Buy Now Pay Later catalogue makes it easy to stay within your budget. Once you determine how much money you can afford to spend on payments each month, it’s just a matter of finding products that fit within your price range. It is far easier to afford a small monthly payment than a large amount upfront.
An added benefit of shopping online for large purchases is that you don’t have to worry about getting the item to your home as in most cases delivery is made straight to your door, with some companies even installing household applicances for you.
It’s great to know that there are few companies providing credit options to their customers today. That said, most insist that you use a cost payment plan which spreads the payments out.
Littlewoods, Very, Freemans, Fashionworld
Littlewoods, FashionWorld, JD Williams, Freemans and The Brilliant Gift Shop are some of the best catalogues available which provide buy now pay later options. They all work under the same umbrella company, which means their offerings will be similar in price and selection. That said, each offers some unique products and low prices, so take advantage of each by checking them out thoroughly.
When applying for a payment plan, make sure to read all of the fine print. Each plan varies in terms of how often payments are due as well as the amount of interest that is charged. For instance, one plan may require weekly payments, while another only needs to be paid once a month.
You should also determine whether or not the payment plan requires an upfront deposit. Some plans allow you to purchase the item with nothing down, while others ask for a small payment. Whether you are shopping for furniture, electronics, home goods or toys, there are a number of financing options that can help you afford the products that you need.
Catalogues for bad credit | No credit check catalogues
If you have a bad credit history and a poor credit rating, you may struggle to get approved for a catalogue. No credit check catalogues do not exist as all finance lenders must access customers for credit and affordability tests before providing finance.
If you are concerned about your credit history, find out the most suitable catalogues for bad credit.