You may be shopping for buy now pay later electronics no credit check catalogs because you lack enough money to buy the equipment outright and may not have a credit card. The economy is still downturn and being able to finance that new printer or computer may be the way to go.
By using deferred billing catalogues, you are able to buy electronics now and pay later, with monthly installments. This can be a value because you’ll get the latest electronics, such as cameras, gaming, GPS, MP3, phones, flat screen TVs, when you need them.
Merchants such as Montgomery Ward and Seventh Avenue offer buy now pay later electronics options. You may also want to check Newegg or Tiger Direct, both of which have the latest electronic offerings.
How order now pay later electronics shopping works
The merchant extends you credit and allows you to pay the balance of your purchase off in monthly installments. The installment amount will depend on the value of the item your buying, but can range in price between $10 to hundreds of dollars.
But what’s great about these shop now pay later catalogs is that the credit requirements are not as stringent.
Most merchants will run a basic credit check. Others such as Sears may be much more thorough but don’t be discouraged if you have very bad credit and don’t think you’ll qualify. It is worth a shot to try and fill out the application.
These shop now catalogs can actually increase your credit with the merchant you are doing business with, though. As you pay each month on your balance, the merchant will be gaining trust.
The added trust will allow you to have pre-approved credit with that merchant.
You may be able to raise your credit score, as well. To raise the score, you would want to avoid a buy now pay later no credit check catalog.
If you do use a buy now pay later no credit check catalog, you may be able to ask the merchant if they will report your good payments to the credit bureaus.
It is important to watch your finances. You don’t want to go overboard on your spending — just because you have access to these shopping catalogs.
This can cause your finances to be stretched thin and you won’t be able to pay back the monthly installments. In a case like this, you will be reported to the credit bureau and that’s bad.
Using a few shop now catalogs and paying the balance over the next few months may help your credit score and that’s really the point here.
Shop now pay plans
With deferred billing, you want to keep on top of your payments. If not, you’ll be reported to the credit bureaus, which will make your credit score plummet.
This can be problematic, too, because some merchants will try to repo their merchandise if you don’t pay.
Remember, if you don’t plan to pay or can’t afford to pay a monthly installment, it’s wise to save up some cash and shop once you have the money.
Honor, trust part of buy now pay later plans
Some folks may not even know these kind of merchants exist. This style of payment was popular before banks and credit cards.
At a local grocery store, a shop owner would extend credit to folks in town if he knew the customer was good for it. This type of good faith payment was based on honor and trust, not contract.
The same was true at saloons. Nowadays, sure, we have to pay after we order a beverage, but years ago, an upstanding, local citizen was good for it.
Other folks may just not be able to get a credit card or don’t want the temptation to be able to just buy things right now.
How do I shop order now and pay later?
It’s pretty easy to buy electronics now. All you need to do is find a merchant to buy from, select the latest electronics into your cart.
Create an account with the merchant, entering your billing and shipping information.
You will also need to agree to the terms and conditions before you submit your order.
The company may have a sentence in the terms and conditions about your order will ship after final credit approval.
Keep in mind that you will only be able to order an item or two from these catalogs. This will give you time to prove how credit worthy you are.
With time, the online merchant will gain more trust in you as long as you pay without incident.
Watch out for the fine print
More than likely, you will have a finance charge that associated with buy now pay later electronics. This allows the merchant to make a little money while extending credit.
Other fees may be associated with the purchase, and it’s best to read the fine print before purchasing.
Rent to own options
Another option is rent to own. If your computer crashes, you may not have the money to go out and buy a new one.
You may be able to find a local rent to own outfit that will allow you to use the item while making monthly installments on it.
Keep in mind that you’ll probably need a pay stub and references for proof, but a RTO outfit may not do a credit check.
Whether you use deferred billing, rent to own, or shop buy now pay later electronics catalogs, you are bound to find an options that allows you to purchase the latest gadgets today.