If you have had credit problems in the past it can feel as if you will never be accepted for credit again. This can be very frustrating, especially when you are in a good financial position and would be able to afford repayments on any credit that you took out. Having access to credit may be the only way you can afford to make large purchases such as household appliances. Taking out an account with a catalogue company that will give you credit and allow for you to pay for your goods in smaller chunks is often a good way to start building up your credit rating again. When you order goods from a catalogue, you will be able to demonstrate that you are making payments on time to pay for these goods.
If you manage your catalogue account well, then this can be a good place to start in rebuilding your credit rating. The catalogue company will share information about how you operate your account with credit reference agencies. As long as you are operating your account well, then these agencies will be receiving positive information which can only help to make you more attractive to lenders. This makes it more likely that you will be accepted for other forms of credit in the future. In order for this to be the case, you need to pay at least the minimum payment every month, and this payment must be made on time. By managing your account in this way, you may also be able to increase your credit limit, which will give you more money to spend in the catalogue.
If you are worried that you won’t be accepted for a catalogue, then you may want to apply for no credit check catalogues. These catalogues will look at your income and expenditure as a basis for agreeing to give you credit, and if you are able to show that you can afford any potential repayments you are very likely to be accepted. This means that you do not have to worry about any problems that you may have had in the past, as this will not be an issue. These catalogues will also carry out affordability checks so you can be confident that you will be able to afford any repayments that may be due when you start to order items. They will also give you an affordable credit limit when you first open your account so that your repayments will not be that high.
For a full list of catalogues that help people with bad credit, check out Catalogues Online before you make any application. There are many different types of catalogues that are available that all have different specialties. By looking on this site, you will be able to choose the catalogue that appeals to you the most. The site also has a range of other information that can help you to use your catalogue account to improve your credit score, including how to manage your account well.
Amila Gamage Wickramarachchi is the founder of this blog which she shares her parenting and lifestyle experiences.She is a Contracts Engineer by profession and recently launched her own Engineering consultancy service Sihela Consultants.(www.sihelaconsultants.com)