Everyone is familiar with situations such as sudden failures of home appliances during the time when the budget is very tight. Then you’re looking for quick solutions to the problem. Buying new home appliances from a catalogue affords you the flexibility to manage your purchase cost by financing your payments via weekly or monthly installments.
How does it work?
The largest catalogues offer everything from baby clothes to furniture. Everyone has the ability to pay for goods in cash, but more people choose the catalogue credit option as an alternative. This means you can spread the cost over weekly or monthly installments with fixed payments. Most companies offer an interest fee period, which is typically between 3 and 12 months. After that, interest is charged only on those products that aren’t fully paid off. Missed or late payments will cause additional charges that can be added to the account. It is your responsibility to carefully read the terms and conditions of any credit agreement undertaken with any catalogue listed on our website.
What are the advantages?
The advantages of catalogue credit are obvious. If you need to purchase an item for example, a washing machine or TV, and you do not have the finances readily available to purchase the item outright, you can spread the cost of repayment over a maximum period of 2 years into regular low and affordable payments. If you take the full benefits of the interest free period by repaying the full amount before the ending of the agreed term, you will benefit from and interest free offer. For many people, this is a much better option than common credit card borrowing, especially if the items is urgently needed or expensive.
Think twice before applying for it
You should know that there are a lot of alternatives to catalogue credit when buying online. We recommend that you do your own research to see if you can find any better offers. If you can find a better price and / or credit terms either online or in-store, ask yourself if you have enough time to save the full amount for the desired item. If you think that you’ll not be able to repay the whole amount for goods before the end of the interest fee period, you may consider finding catalogue credit with longer interest period.
Also, you should consider cheaper ways of borrowing money.
At the end, you must not be tempted by buying items which you don’t really need or afford if you are unable to to meet the agreed terms. This applies to every purchase where credit terms are offered not just luxury items. So unless you are 100% sure that you’ll keep up the repayments, do not risk being faced with accumulated debts.