Bad credit catalogues are often hidden under the umbrella of instant credit catalogues when searching online, and while not all instant credit catalogues will accept bad credit applications, many will. This guide will lead you to the best suited bad credit catalogue for your specific requirements and will show you to how to avoid making a bad credit situation worse.
Firstly, you must decide on what type of catalogue you need, some have a wide array of both home and fashion, other are more specific.
Bad Credit Catalogues
- Home and electronics only – BrightHouse, Dial-A-TV, Argos, House of Bath,
- Fashion only – Marisota, Premier Man, La Redoute, Curvissa, Swimwear365
- Gifts Studio Cards – Gifts 365
- Home and Fashion – Bon Prix, Curvissa, Marisota, Next, Premier man, Simply Be, Very.co.uk
- All ranges – Freemans, Grattan, Jacamo, JD Williams, Fashion World, John Lewis, Kaleidoscope, Look Again
Some of the best known bad credit catalogues are very fashion focused and will have superb fashion ranges that will include plus-size ranges for both men and women including footwear collections with wide range fittings. This is great news for many shoppers and is also one of the biggest reasons that the online fashion catalogues are competing head to head with the High Street when it comes to looking after the fuller figured population. The best bad credit catalogues that hold plus-size lines are listed below.
- Simply Be
- Premier Man
- Bon Prix
If you need high priced home furnishings or electronics, then it is unlikely you will have a high enough credit limit from a regular catalogue until you have been a customer for a while and proved your credit worthiness by keeping your account paid in good order. However, BrightHouse and Dial-a-TV will allow higher credit but will have a very high interest rate at representative 69.9%APR, and this will be calculated from the date of purchase and will be included in each payment from the start. With this type of bad credit catalogue, also known as rent to own, the following will apply:
- No interest free periods
- Fixed payments for 1 to 3 years
- Family and friend references may be asked for
- Over the longest payment terms, you could be paying over double the original purchase price.
- Next day delivery is not available
If your wanted higher priced item is not urgent, by using a bad credit catalogue with a lower APR and keeping a personal account with them in good order, by paying off in full where possible, you will be given a higher credit limit within a few months. Bad credit catalogues with a large product range will also have the following benefits.
- interest free payment periods
- discount codes of up to 30%
- flexible repayments.
- Increasing credit limits
- Next day and selected day delivery
- Easy returns
- Regular online sales and outlet sections
As well as the benefits of having an instant credit facility available, a bad credit catalogue will help to build a poor credit history. If you are accepted for any one of the bad credit catalogues there is a high probability that you will be accepted for most of them. The bad credit catalogue application process is instant, and you will be given a credit or spend limit instantly once accepted. You may find this will be as low as £100 to start. You will always have a credit check, no matter what catalogue you apply to, and that will leave a mark on your credit file. If accepted this will be a positive, rather than a negative mark. Too many applications in a short space of time, especially if rejected, will discourage other lenders. If this happens then it would be very wise to get to the bottom of the issues that have caused the bad credit references and check that your credit history has not been compromised by fraudulent debts or identity theft. The reason you can find easier credit with a bad credit catalogue is that they are not lending money, and they are not governed by the same authorities like the FCA for example. The bad credit catalogues will also carry out an eligibly check that will include looking at your lifestyle from questions such as:
- Length of time at current address
- Income (employment or otherwise)
- Number of dependants
- Current UK bank account.
The more stability you can show, the better your chances of application success with a bad credit catalogue. As stated earlier, the rent to buy bad credit catalogue may also look for refences from friends and family when purchasing high value items.
Interest rates are also one of the most important things to look for in a bad credit catalogue as once the interest free period is over for each purchase, the interest rate will be applied to any amount outstanding, and this could make your original purchase more expensive that the initial price. If you pay your account in full at each statement, you will not be charged any interest. If you only stick to the minimum payment each month you will incur interest costs over the year. As with all credit, if you are in danger of missing a payment or not being able to afford the minimal amount monthly, it is important to take to the customer service team to work out a payment plan and avoid any damage to your credit file.