For those who are looking for a no credit check catalogue we will make the point early on that they don't exist. All of the catalogues and stores on this site will credit check you or at least check your current financial situation. Any store that says they don't credit check you normally charge a very high interest rate and as such we do not recommend them. However, if you simply don't have any credit history whatsoever, then your credit rating isn't bad. As such, the below catalogues might be ideal for you. Remember though, credit offered is subject to successful credit and affordability checks.
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Many online retailers offer credit options such as buy now pay later, where you don’t need to make any payments upon buying and for a period of time prescribed by the retailer. Other credit options include weekly, fortnightly or monthly payment schemes where payment is expected after regular intervals of time, with a certain amount of interest charged annually. However, for these credit options to be available to customers, retailers run a creditability check, examining the finance history of the customer.
Why Your Credit Rating is Important
This forms a hurdle because a bad credit rating would make the payment options such as the ones above unavailable. It is difficult to come across retailers that offer no credit check catalogues, since nobody would willingly lend without the assurance of being paid back. However, there are some retailers that do not look at the history of an individual’s credit standing. An individual’s current bank statements and availability of a stable job are enough to determine his/her creditability for such retailers. Essentially, these retailers have more relaxed rules regarding bad credit ratings as compared to other retailers. However, they do tend to charge higher interest rates.
Are there any No Credit Check Catalogues?
No, not really. Some stores may offer a credit coverage scheme that tends to be more lenient with customers with bad credit. However any credit provided is still subject to successful credit and affordability checks. Whilst the chances of getting approved might be higher when compared against other catalogues, there is still no guarantee.
Perfect Home is a retailer in household furniture, appliances and gadgets that offers credit based on proofs of identity, address, source of income and a minimum of 3 personal references from family and friends. They offer weekly, fortnightly and monthly payment options, and this scheme is applicable to all products offered.
Easy credit options such as these have made it possible for people to own products from leading brands while improving their own creditability.