Imagine the opportunity to buy your favorite clothing, have it delivered to your door the next day, and not have to make payments on those items for week? Or, new electricals and major appliances for the home you otherwise couldn’t afford, are far more affordable when you can spread out the purchase price over several years, rather than pay them up front.
These are a couple of the luxuries that buy now pay later financing affords its customers, when they choose to order items through top catalogues, rather than rely on loans or traditional credit cards when ordering these items.
Why buy now pay later (versus loan/credit card)?One reason is the ability to minimise payments. Another is the fact that you can choose to pay weekly or monthly. And, many catalogues offer interest free specials and promotions at any given time, meaning you can defer, or even avoid paying interest altogether, on the items you order with online catalogues.
With credit cards, you have to pay a high interest rate and you pay monthly. With loans, you are typically limited if you have a low credit score, or will pay extremely high interest, if you want to be approved. With buy now pay later, you strike a happy balance in between both extremes. You will pay interest, but there are ways to avoid certain fees. And, you can limit the amount you pay, when you choose from monthly or weekly repayment options.
You have more flexibility with shopping when you choose buy now pay later, as opposed to other traditional lines of credit when ordering items online. So, you can spend more, you can spend smartly, and you can find the items you otherwise couldn’t afford, for a far more manageable and reasonable price, when you choose the option to buy now pay later.
Do all catalogues offer buy now pay later financing?Most of the top UK catalogues do offer some form of buy now pay later financing to its local customers. In order to apply an applicant has to be 18 years of age or older. Individuals who apply for a line of credit also have to provide proof of verifiable income and must have proof of residency (typically for 2-3-years with most companies).
Due to the nature of online financing, it is important to understand what different catalogues offer, to ensure the best deals are found the best financing options are offered, and to ensure the terms you can keep up with when financing. Most offer weekly, fortnightly, and monthly payment options to their customers. Like anything, it is important to compare the top catalogues to find the best terms, and lowest interest rates on items being purchased, when the time comes to place online orders with top catalogues.
There are many great benefits of catalogue shopping and purchasing from catalogues rather than paying up front for items you purchase. This is especially true for higher-priced items, and those which are costlier than the typical items you purchase for your family. When you understand the terms, limits, and no-interest periods, you can easily save on the items you want to order online.
And, you can find the catalogues which are not only going to offer you the terms you can abide by, but you will also find the online catalogue sites that provide you financing options for weekly, for monthly, and for repayments which are most affordable for you as a customer, when the time comes for you to place your online orders with different sites.