Comparing Credit Catalogues Before Shopping


Comparing Credit Catalogues

Nowadays, people usually have one or many credit cards on hand. Then they can buy everythings they want even they do not have enough noney on hand.However, applying a credit card usually needs good credit ratings so many buyers with bad credit before may need to choose another options.

Credit catalogues at http://creditcatalogueguide.co.uk/ may be the best alternative options of credit cards. The concept of credit catalogues is just similar to credit cards that you can buy your desired products first, then you need to pay back the money and usually the payment should be paid in a fixed period of time or the cost is spread across a time period.
This kind of credit options is especially suitable for those companies that need to buy powerful tools which the cost of the tools are expensive but in urgent needs. The credit catalogues can help financing the companies to spread the costs of the tools.

Advantages and Disadvantages

There are many advantages of using credit catalogues such as:-They usually give applicants a welcome offer like free gifts or discounts that in turn help us save money.- Most of them can be applied easier than credit cards and take less time to get approval. This allows us to solve our instant purchase needs.-save us a lot of time because less complex application process is needed.
There is a few disadvantages such as:-buyers may have to pay high interest fees , expecially if they cannot pay back the money within a given time period.

Importance of credit catalogues comparsion

Before shopping, we need to have a brief review of different kinds of the credit catalogues at http://creditcatalogueguide.co.uk/ so that we can choose the one that most favorable to our needs.

But how do we compare the credit catalogues? In fact, we can find out what types of products they offer in their catalogues. What the credit options are available. Is the catalogue interest free? How much discounts they can provide to the applicants? What is the credit limit given to applicants? The ease of being approval and the trust of that company which offer the credit catalogue etc.Thus, when we find out these information and doing comparsion, we can then try to match our actual status to find out which options would be the most suitable one. Shoppers should consider their own financial status and their abilities to solve the debts. For example, if the shoppers do not have much money and they have bad credit rating before, they may better choose monthly payments and one that has higher approval rate but with low credit limit.This can help them spread the costs over a year or more so that it is easier for them to pay all money back on time.Also they can save time for instant approval and lower credit limt can control shoppers themselves not to spend too much that they cannot afford to pay back later.

Types of credit catalogues

They are mainly divided into buy now and paid later catalogue, pay monthly catalogue, bad credit catalogue etc.Buy now pay later catalogue is the option that allow buyers to buy the desired items without any funds. Then after a given time period, they need to pay back, usually less or no interest fees. The typical examples are Very and Littlewood. The pay monthly option allows buyers to buy the items first and pay back for every months. Usually may require buyers to pay a low interest fees. The typical examples are JD Williams and Freemans. The bad credit catalogue allow buyers with very bad credit rating to apply for this kind of catalogue. It is likely that this kind of catalogue gives chance for the applicants to improve their credit rating status.

 

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Why are Payday Loans Considered as a Really Bad Idea?


No matter how we look at it, getting a payday loan is never a good idea before a credit crisis, during a credit crisis or after a credit crisis. Payday loans are never a good answer to a financial crisis as it is expensive and often predatory.

Basically, payday loans are short term-debt that can be obtained easily without the need for collateral. They may seem helpful at first, but in the long run, you might realize that it could be the worst decision you have ever made.

In many cases, borrowers have to repay for the amount they have borrowed plus the loan fee which could be as high as the amount they have borrowed. More often than not, payday loans offer unreasonable and relatively high interest rates, fees and penalties which lead borrowers to file for a complaint with government agencies against money lenders.

Payday loans are easy to acquire regardless of your credit rating. They may seem beneficial at first but there are a number of good reasons why you should stay away from taking payday loans. For the convenience it provides in the short term, borrowers have to pay for a hefty sum of money.

Why It’s A Bad Idea

First, this type of loans comes with a very high interest that can easily drain your resources. The interest of annual payday loans can go as high as 300% and for every 1-2 weeks, the lender increases the charge. Furthermore, payday loans are definitely easy to renew thereby leading a borrower into the pitfalls of paying twice as much as his original loan.

Getting a payday loan could be the start of your financial crisis. For instance, an emergency came up which leads you to acquire for a payday loan. You promise the lender to pay for the amount you borrowed on your payday. When salary day comes, a great chunk of your pay will be taken by your payday lender.

It leaves you with a little amount to spend for you and your family’s needs. What happens next if you run out of money? You’ll definitely go to your payday loan friend’s place and obtain a payday loan again. This gets the ball rolling. In the long run, you might be surprised to see yourself trapped in a cycle of payday loans which is difficult to dig yourself out of.

Undeniably, payday loans provide immediate relief to borrowers who are facing a financial crisis at the present. However, when loans are not paid off on time, lenders may suggest for a second loan with an interest of 200%-300%. In some cases, interest rates may be over 500%.

It can be very hard to get out of payday loan debt.

Take this case. You borrowed 1000 and promise to pay off 1250 after two weeks on your payday. Imagine the things which you could have done if you have an extra 250. You family will definitely be happy to be treated in a sumptuous dinner or you could have saved a huge sum of money for emergency purposes.

If you do not have 1250 cash on hand, what will you do? What will lenders do? Lenders can be generous enough to you to extend your loan but on one condition. You will be charged with another 250 for the next two weeks. This simply means that if you cannot repay the loan on time, you will find yourself trapped in a cycle of payday loan in order to survive financially.

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Learn More About How To Get Out Of Payday Loans


payday loan trouble

Payday loans offer fast cash solutions and for this reason they have become very popular. They take very short time to be approved and also require very few documents to qualify and hence a huge number of people find that they have the full access to the loans enjoying the cash that they need at any given time of the day.

The lenders have made an online presence thus easily reaching out to the borrowers even during hours that would not have been possible to access the loans in case of a banking institution process.

With such an easy way of getting money, it becomes easy for people to be addicted to the loans and applying for them even when they do not really need them something which can lead to debts which can be quite costly. As an individual, simple considerations can help you in keeping such debts with payday loans at bay giving you the financial freedom that you really deserve.

Apply for the loans only when you really have an emergency to take care of. One of the things that can easily lead you to the debts is applying for the payday loans when you do not necessarily need the money. It is best that you apply for the loan when you are faced with a financial circumstance that cannot wait till your next pay check. For instance, a medical emergency can be a good reason to get the loan as compared to purchase of a nice new appliance since the latter can wait till you have your money.

Try and get the best interest rates in the market. The interest rates, even though higher with payday loans, can vary from a lender to another. A simple way of ensuring that you do not end up failing to repay is by choosing interests rates that you can work with comfortably.

This will ensure that your income will cover the amount and the interest within the repayment plan that you are in hence avoiding situations where penalties are imposed for failure to repay the loan. The options are numerous and you won’t miss an arrangement that you love the most.

Consider applying only for the amount that you need. Payday loans work with the income figures to give an amount of money that matches and an amount that offers the lenders some sort of security with the money they are lending out. When applying, you can avoid situations where you incur debts by going for an amount that is lower than what you actually qualify for with your income. The amount will ensure that you take care of what is most important and at the same time help you manage to repay on time saving you from debts that could otherwise arise.

Consider other repayment options. In as much as you will be relying on your income to repay the loan, it is important to remember that anything can happen when you have already accessed the loan. You will therefore be better off if you have another possible means of repaying the payday loan in case your income fails you.

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