Are you interested in purchasing an expensive television for Christmas? Hopefully, you’ve been saving up your money over the year. If you have not, you might be able to get away, with using your credit card to purchase the high-dollar item. Of course, some people are fortunate enough to have the money to go right out and purchase whatever they want. On the other hand, some people will not have the money to buy the item or the credit to get a credit card. These people will need to find and alternative way to get the television that they want for Christmas. Whether or not you know it, it is actually possible to purchase these expensive items through a bad credit catalogue, such as the Verdel catalogue. In this guide, you will learn everything you need to know about these catalogues.
Understanding Bad Credit Catalogues
Bad credit catalogues are catalogues and websites that have been specially designed to help people, with bad credit, get the items that they want, when they want them. Of course, this isn’t as simple as it sounds. These companies will require you to apply for an account, in the beginning. After you have qualified, you will receive a credit account, with a limit and an interest rate. This will let you know exactly how much you can spend and how much extra you will be charge, in interest, if you happen to miss a payment. Of course, you will not have to pay anything in the beginning.
How do they work?
These companies actually give you the items that you want, without receiving a payment upfront. Instead, the price of the items is put on your credit account and you are setup with a weekly payment schedule. It is absolutely crucial that you make sure to make your weekly payments. If you happen to miss a payment, you will actually lose big time. Your interest rate will come into play and an additional charge will be added to your account. Therefore, you will end up paying more for the items than you originally would have. This is why it is absolutely crucial that you make sure that you do not miss a weekly payment.
Is it worth it?
When it comes down to it, there are many benefits that come with doing business with one of these companies. For starters, you will be able to receive the items that you want, without using a credit card, taking out a loan or paying upfront. Of course, you will also be able to receive a credit account. In most cases, you will not have to go through a credit check, in order to get this account. This is a very big plus, if you happen to have horrendous credit.
At the end of the day, you must determine whether or not that big screen TV is worth the risk of going into debt. If you’re sure that you’ll be able to meet the deadlines and make those payments, you should definitely give it a try. If you think otherwise, you should not risk it!
Author Bio : Timothy Williams has always been unfortunate enough to suffer from bad credit. When purchasing a high priced item, he uses a bad credit catalogue.