Who Offers ‘Buy Now, Pay in 12 Months’?
When you order products from a catalogue company, you may be given the chance to buy now, and pay at a later date. This will allow you to order an item today and have it delivered directly to your door, and then pay for the product in full after a set period of time (usually 12 months). This can benefit you as a customer, as it will allow you to keep to your budget without having to stump up the cash for an expensive item such as television or washing machine.
If you are purchasing an item for a family member or friend, you will receive the item at your address within just a few days – providing you with plenty of time if you plan on giving it to them at an upcoming event. There are many different home shopping companies that provide ‘buy now, pay nothing for 12 months’. Here are some of the benefits.
1. Interest free periods
When looking for companies that provide Buy Now, Pay Later, you might want to consider interest rates. These can vary from company to company, and can add a significant amount onto the cost of your purchase. However, many home shopping brands offer an interest-free period, where you will not be charged any extra as long as you pay by the required date. You will receive notification from the company about the date that you will need to pay for the item, as well as your remaining credit balance, and the amount you will need to pay.
2. Paying for your item
Once it’s time to pay for your purchase, you will be able to do so in a number of different ways. Retailers that have a presence on the UK high street may allow you to pop into your local branch to pay for the item, whilst others will allow you to pay for the product online or over the phone. Remember – if you do not pay for your item before the interest-free period has come to an end (if there is an interest-free period), you may have to pay a higher level of interest.
Do your research and find the best catalogue companies that provide you with different repayment options and a low rate of interest. Third party review websites will include customer reviews left by a consumer who has previously used a particular home shopping brand, providing you with further guidance on the best company to opt for.
