A bad credit score can affect your financial life significantly. For instance, with a poor credit history, you can’t access the best credit cards, and you will hardly get loans from lenders or financial institutions. And if your credit score is just too bad, it can even be difficult to acquire some utility services. However, today even with a bad credit score or no credit history at all, you can buy products and services thanks to credit catalogues.

Bad credit catalogues provide shoppers with poor credit histories with a way to shop for various items on credit. The shopper doesn’t need to pay the full price of a product at checkout; the catalogues allows them to pay in small weekly or monthly instalments. Unlike traditional catalogues, bad credit catalogues do not usually check their customers’ credit scores before offering them items on credit.

In this post, we look at the benefits of getting a catalogue for bad credit. So, if you have a horrible credit history, read through to discover why you probably need to open an account with a bad credit catalogues today.

The Benefits of Getting a Catalogues for Bad Credit

1. They sell everything

Bad credit catalogues typically sell everything you can buy via a traditional catalogue. From clothing, accessories, shoes, furniture, to other home items, there is nothing you won’t get from credit catalogues. However, most of them usually put some cap or limit as to how shoppers can purchase, say, up to £1500. Some go higher or lower. This is basically meant to avoid defaults.

2. Guaranteed approval

Most bad credit catalogues do guarantee approval. This means that no matter how bad your credit history is, credit catalogues will still allow you to shop with them. And even if you don’t have a credit history, you will still get the product you want from a credit catalogue. But again, most of these catalogues will limit the amount of shopping they approve you for. The fact is that you have bad credit, so they are going to be a little careful to avoid defaults. This is going to hinder your spending ability a little.

3. They help you rebuild your credit history

When it comes to rebuilding your credit history, credit catalogues are extremely beneficial. Since they allow you to pay for good in instalments, they offer you an opportunity to prove to them (and lenders) that you are a responsible customer with the ability to make payments on time. Paying your bills regularly and promptly shows them that you are not a default risk. This way, your credit score will gradually improve.

So if you are currently struggling with bankruptcy among other delinquencies, then opening an account with a credit catalogues, and paying up your bills regularly and promptly is a good way to begin building your credit score back up.

4. They offer interest-free periods

Today, most credit catalogues offer shoppers an interest-free period when they sign up. Whereas some interest is added to smaller monthly repayments, you can easily avoid these interests by paying up the total amounts within the interest-free periods. Many catalogues typically offer shoppers a three-month interest-free period on the items bought. So, for instance, if you bought items worth £500, you will have 90 days to pay the amount in full so wouldn’t incur the interest.

Again, these accounts have no penalties for pre-payment either, and over time, the catalogues may extend financial accounts. Therefore, if you buy goods and make your payment on time, your reputation and credit score will grow, and you will earn more shopping opportunities and chances to rebuild your credit score.

5. Payments are spread out

As pointed out, most bad credit catalogues allow shoppers to pay for goods and services in small monthly or weekly instalments. They have a wide range of payment options that are meant to reduce the risk of customers defaulting. So rather than paying the all amount at checkout, you can spread the cost over several weeks or months. This makes paying for your products much easier. You can, therefore, afford to purchase expensive items because you know the cost will be spread over several months or weeks making it way easier for you to pay.

6. There are different catalogues to choose from

These days, there are many bad credits catalogues selling a wide range of products. While most stock a variety of items, some stock specific products. For instance, some catalogues only sell women clothes and shoes while others sell electric appliances. So, it doesn’t matter what products you are looking for, you are sure to find a credit catalogues to use.

7. Credit catalogues offer various incentives

In a bid to encourage shoppers to sign up with them, many bad credit catalogues offer a variety of incentives including coupons, huge discounts, deals, and promotions. Many offer free deliveries on products worth a specific amount. Opening an account with such credit catalogues offers you a great opportunity to save huge amounts of money.

8. You don’t have to save in advance

Let’s face it; some people find it difficult to save up for an expensive item they want to buy. With a credit catalogues, this shouldn’t be a problem because rather than trying to save for months or even years, you can buy the item and then pay up later in a more affordable manner, say, in small monthly instalments.

Again, you do not have to wait for an item you need urgently. You see, sometimes you need an item very urgently, but you don’t have the money to get it. A credit catalogues provides an easy way around this. You will receive the item you need and then spread the cost over weeks or months, so payment is easier.

These are just some of the many benefits credit catalogues offer shoppers. So, in case you have a bad credit score, or you don’t have a credit history at all, you might want to consider signing up with a credit catalogues and start enjoying these benefits while, of course, rebuilding your financial reputation.