If you’re trying to open a credit account with a catalogue company, you might find that your application is declined or find it difficult to get finance. However, there are a number of alternatives if you want to spread the cost of your payments but have a less-than-stellar credit history. Before you go any further, read these tips on catalogue finance when you have poor credit. Ready to start? OK, let’s begin.

1. Check your credit report

Can someone with a bad credit rating use a credit catalogue? The short answer is: Yes. However, expect to pay higher interest rates if you plan on using poor credit catalogue. If you are looking to open a catalogue account, the first thing you should do is check your credit report. There are three main credit reference agencies in the United Kingdom and each one will enable you to check your credit file, which will include details of the credit agreements that you have had in the past, as well as an overall score – indicating the likelihood of you being accepted for finance. Remember, many catalogue brands have their own internal credit scoring policies, so even if your credit score is low, you might still be able to secure finance and spread the cost of your order in affordable instalments.

2. Stop applying for credit

Remember: If you have been rejected by a catalogue company during the application process, don’t continue to make further applications with other brands as this can hamper your ability to get credit in the future. Instead, check your credit report and find out the reason why you have been declined. Although you will usually need to pay a fee to check your credit file with one of the main reference agencies, these companies sometimes allow you to check your report for free for a short period of time (usually 30 days). However, you will be charged if you don’t close your account within this time period. Alternatively, you can apply for a copy of your statutory credit report for a small fee.

3. Look for companies that allow you to open an account if you have bad credit

Not all catalogue companies are the same. In fact, some retailers will enable you to open a credit account even if you have a poor credit history. Use a comparison website to find the best catalogue companies and check interest rates in order to find the best deals in your circumstances. Many retailers will give you an instant decision about whether your application has been successful or not during the application process.