Guaranteed Acceptance

Catalogue Credit

Catalogues with credit allow you to buy now pay later in weekly or monthly instalments over a period of time. It can vary from 3 to 12 months. The goods you purchase are sent to your home address via post or courier and you are even able to receive a full refund when you return them within a certain period.

These bad credit catalogues are also known as mail order accounts or shopping accounts. You can either have your own pay monthly catalogue account or shop from a relative's or friend's catalogue. This person will then become your agent. He or she will set up a sub account within their catalogue. The agent earns generous commissions from their own orders made within their sub accounts.

On the other hand, they are responsible for collecting payments and forwarding them. When buying goods in this way, you have instant credit because the system is based on the trust between your account holder and you. Although there is a small risk, the account holder is responsible to disclose non-payers to the catalogue. In that case, the catalogue will become responsible for collecting the outstanding payment or payments.

If the payments are made on time, there is usually no interest charged. If you default on payments, the interest rates can get really high. You can pay off your catalogue account completely at any time, without any added cost. This is a bonus because most personal loans have a payment for early payment.

Having catalogue credit has its benefits. First, you can purchase your chosen goods and pay them off interest-free within a certain time. You can budget your household accounts for products as varied as school uniforms or washing machines. Many catalogues with credit also have some form of insurance, such as life event plans. They will cover your repayments in case there are long periods of illness or a job loss.