Bad Credit Catalogues-Are They Right for You?

When your credit score is very low, for whatever reason, you may believe that it is impossible to rebuild it in a timely manner. Nothing is further from the truth. If you want to start improving your credit score, bad credit catalogues can be of great help. Here you will obtain credit from a company and make payments to them over a period of time. As you make these payments in a timely manner, they will report this information to the credit bureau and your score will start to go up. One thing that needs to be remembered though is that missed and late payments will also be reported.

For those who are interested in bad credit catalogues, many companies are now offering this option. House of Bath offers credit to those who wish to use their financing. Here you can purchase furniture and decor for every room of your home. Be prepared to pay an APR of approximately 39.9% for this luxury. K & K also offers this type of service and here you may purchase clothing, electronics and household items for your family. The APR normally seen with this company is 29.9%. Many other companies also extend credit so be sure to ask when you see something you would like to have. More info

When taking advantage of these bad credit catalogues, you are doing much more than obtaining the items you need. As you make payments in a timely manner, positive information will be forwarded to the credit bureau. This allows you to improve your score and rebuild your credit. Some companies will allow you to make weekly payments while others offer monthly payment plans. Work your payments around your pay schedule and you will be on your way.

Be prepared to pay a higher interest rate for bad credit catalogues. As seen by the above mentioned examples, the interest rate is much higher than for traditional credit. Expect to pay almost 40% interest for this luxury although a few companies do have a lower rate. If you fail to make a payment as scheduled or miss one completely, fees and penalties may also be added which can make your finances even tighter. If you believe you are ready to use credit responsibly and need someone willing to lend to you, bad credit catalogues can be of help.