We already discussed the pros and cons of obtaining catalogue credit. In which cases is it better to buy on account? When to go for catalogue credit? Since this is a buy now pay later option, things might get out of hand. To avoid debt accumulation, only obtain a catalogue […]

We already brought out the advantages of obtaining catalogue credit. But, are there any downsides of shopping on account?  High-interest rate While the interest-free period sounds tempting, think about what would happen if you miss it. If you delay your payment, you will end up paying excessive interest rates. Hence, […]

We already talked about the basics of catalogue credit, but why should you get it? There are a few advantages compared to other financing alternatives.  Interest-free period If you expect to pay out the catalogue credit payments soon, then you might be able to skip the interest. Some companies offer […]

Do you have a large purchase and want to make it more affordable? Catalogue credit is one of the options available for buyers that need an instant purchase. Are there any downsides to buying on an account? Let’s find out more! Catalogue credit defined Catalogue credit is one way to […]

This enables you to use your home as security for your loan. The loan amount you’re eligible for depends on the equity you have on the property. However, a major downside is that you stand a chance of losing the property if you don’t go through with the loan payments.

One of the most practical options available, a consolidation loan is where you can take care of a collection of smaller debts by combining them into one. The loan is taken over a more extended period, giving you some breathing room to manage your money and your assets while you pay off the loan at a fixed interest rate.

You can also acquire a cash advance from your credit card. The amount of the loan depends on your credit limit. Unlike a payday loan which doesn’t involve a credit check, a credit card cash advance is linked to your credit card, meaning you would need to have passed a credit check in the past to obtain one.

Some creditors will accept a co-signer with good credit to serve as a guarantor for a person who has a low credit score. The co-signer is essentially agreeing to reimburse the amount owed if the loan applicant fails to pay their debt.

A credit union is a financial cooperative that is run by its own members. There are different types of credit unions to suit a borrower’s needs, whether it be corporate or personal. The public tend to trust credit unions more than they trust the banks, and in many instances, interest rates aren’t as high.

Some people are willing to put up their own money to help someone looking for a loan. In many cases, these can be your close friends, associates and family members. If dealing with investors outside your inner circle, ask to see valid identification and try to contact references that can verify the investor’s legitimacy.