pay later

Buy Now Pay Later Catalogues

It is truly what it sounds like. For those who have heard of buy now pay later catalogues, but never knew exactly how they worked, this simple guide will provide you with a few details you should be aware of, how the catalogues work, what they sell, the pros and cons of this type of shopping, and other relevant information you should know, before you choose to finance with buy now pay weekly catalogues, for the orders you are going to place online.

Do you put anything down?

No. when you finance with buy now pay later, you simply apply for your account, add the items you are going to order to your basket, and at checkout you’ll choose the repayment terms. You can often choose from 12, 24, 36, 48, or even 60-months to pay items off in full with some of the top catalogues. You will pay a minimum weekly or monthly amount, until you pay the balance off in full, through the catalogues you choose to place orders with online.

How long are repayment terms?

This will depend on several variables including:

  • The order total and your approval limit
  • Whether there are zero interest payment periods offered at the time of purchase.
  • The amount you are financing and the category which the goods you are ordering fall into.
  • Promotions, discounts, and other sales the catalogue is offering.

With most catalogues, you will also have the option to choose weekly or monthly financing. So, when you decide to order through buy now pay later financing, repayment duration is going to vary on the different factors, as well as the limit you have when it comes to placing orders through the site.

Can I finance anything?

Every catalogue has their own terms and restrictions as it relates to financing the different items you want to order on their site. Some might not allow financing on electricals, and some catalogues will require a minimum order amount, for you to be able to finance purchases.

Make sure you understand the catalogue’s terms, how much you have to spend, and the types of repayment periods that they offer, in order to choose the right catalogue when the time comes for you to apply for financing and want to pay off the balance of items you are ordering, over an extended period of time.

What are the pros/cons?

Like anything, there are benefits and drawbacks when it comes to buy now pay later financing. The benefits include the fact that you don’t have to put anything down. You order today and have items in your hand next day. These catalogues also offer free deliveries and returns.

So, if you aren’t happy for any reason, you can typically return the items up to 30-days after ordering and won’t pay any penalty for returning them. The liberty to make low weekly or monthly payments, and oftentimes to receive interest free financing promotions, also benefits those who shop frequently through different online catalogues.

There are also some cons to online catalogue shopping, which include:

  • Interest rates are accrued. Like credit cards, you will pay interest on items you order.
  • There are restrictions on the items you can finance.
  • There are settlement fees for prepayment with many catalogues.
  • You have to place minimum order amounts in order to be able to finance purchases with buy now pay later financing with most online catalogue sites.

So, even though there are many great benefits you will enjoy if you buy now pay later, there are also some drawbacks which might limit how much you are going to spend, or the type of items you choose to purchase online. It is important to fully understand the terms and restrictions, for the particular catalogue you choose to apply for credit with, in order to ensure you receive the best terms possible, for the items you choose to order with the different sites you shop with online.

How much am I approved for?

A credit check is run; although it is not the only factor which will determine approval, it will play a role in how much you are going to be approved for, and sometimes might result in denial of applications for buy now pay later financing.

So, make sure you read a catalogue’s terms, minimum credit requirements, earning requirements, and payment obligations, in order to determine if buy now pay later is right for you, to decide which of the top catalogues to apply with, and to find out how much you are going to be able to spend online, when you choose to spread the cost of items down and pay them off, over an extended period of time.

Are there minimum payments due?

Yes. Like other credit lines or accounts, a minimum amount is due either weekly or monthly. There are also fines and penalties for late or missed payments. And, if you purchase during promotional periods, if you are late or miss a payment, you are likely to lose the promotional pricing for items ordered and will incur penalties or fines towards the future payments you make. So, make sure you understand these, and other limits and payment amounts due, when you choose to finance with buy now pay later catalogues online.

There are many reasons to consider buy now pay later financing, especially if you plan on spending high amounts, and can’t afford the full price up front when placing your orders online. With this being said, it is important to be responsible and fully understand the terms of the orders you are placing with online catalogues.

You have many options, and you have several different payment terms you can choose from when you buy now pay later. Before deciding on what works best for you, consider these financing options, and the top catalogues which offer buy now pay later, to ensure you choose the right one for you when time comes to place your online orders.

List of Catalogues

Check out our list of the top UK credit catalogues including pay monthly, pay weekly and buy now pay later stores.

See Catalogues
pay monthly

Pay Monthly Catalogues

Pay monthly catalogues offer the most common type of spread the cost payment plan and boast decent interest rates.

pay weekly

Pay Weekly Catalogues

Paying weekly may sound easier and for some this might be the way to go, but beware, interest rates tend to be higher.

bad credit

Bad Credit Catalogues

Many of us have a poor credit rating, for numerous reasons. These catalogues have more lenient credit checks but higher interest charges.

buy now pay later

Pay Later Catalogues

Pay later catalogues are arguably the most popular credit catalogue, and usually offering an interest free period.

no credit check

No Credit Check Catalogues

Actual catalogues which don't credit check don't exist these days, but for those with no credit history, a poor credit catalogue might be suitable.

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