What is Buy Now Pay Later?

Catalogue stores which offer the finance plan known as "buy now pay later" allow you to order a product and then pay for it at a later date. This is very convenient for people who are living from paycheck to paycheck or who have just moved home. It could be that you are low on cash at the moment and your fridge has just stopped working. With buy now pay later catalogues you can still buy what you want even if you do not have the cash available.

Things to Consider

Here are a few things you should take into account before purchasing on finance through a credit catalogue.

Interest Rates

If you have a very poor credit history, you may have no option but to look for a no credit check catalogue or a company whose credit checks are more lenient. If that is the case, then interest rates will need to be looked at in detail.

Payment Methods

When borrowing money, you need to consider how and when you need to start making repayments. For instance, some companies will allow you to pay the smallest amount on your statement on a monthly or weekly basis.


Whilst some catalogues require a deposit when you buy something, others do not require any deposit. However, those that charge a deposit tend to have better interest rates. It's up to you to weigh up the pro's and con's.

Product Range

It's pointless comparing stores based upon their payment methods, interest rates and credit plans if one of them doesn't have the product you want in the first place. This is obviously one of the first ticks on the checklist.