When paying for clothing via credit, you have to know what you are paying for. Some people simply do not consider repayment amounts, interest, or repayment period; this is a big mistake. Before you buy on credit, consider these factors so you don’t overpay, and so you end up with exactly what you are looking for.
Top Tips for Buying Clothes on Credit
Find a Reputable Catalogue
Just because a site says interest free orders, doesn’t mean they are reliable. The catalogue you shop with should be reliable, should carry different clothing styles, and should be a well known UK supplier. Not only does this ensure you get real, genuine clothing when ordered, it also ensures you won’t get caught in a scam.
Consider Repayment Periods
If you spend £500, can you repay this in 12 months? Some people can, others won’t be able to. Look for interest free periods, but also consider how much you are spending. Consider, what interest rates are per month, and if possible, can you spread the repayment terms out longer? For some, interest free is good; if you are not a responsible shopper, look for longer repayment periods instead.
Spreading the cost normally involves two options; pay monthly and pay weekly, where you pay back what you’ve borrowed in monthly or weekly installments. The buy now pay later clothes option is where you pay nothing for a certain period and then either pay in one lump sum once the period is over or spread the cost.
If interest free is offered, consider how long it is for, and how much you have to spend in order to receive it. If you have to spend £1000 to receive 3 months interest free, is it worth it? For some, it is not. So, make sure you can abide by the terms, and know what penalties are, in the event you don’t repay the amount on time.
You also want to know all terms prior to paying on credit. How much are late payments? What if you don’t repay on time? And, so forth. Find out what company you are dealing with, what they offer, and how reputable they are, so as to avoid getting caught up in something you can’t repay, when your first bill arrives at home.
This is a sponsored guest post in line with my disclosure policy.