Pay weekly catalogues are catalogues such as Pay Weekly Store which allow their customers to get some items or an item on credit and pay off their balances over time with weekly payments. Most catalogues are going to require the applicants to undergo a credit check while other catalogues such as Pay Weekly Store have a reputation for no credit check.
Benefits of Pay Weekly Catalogues
As long as you abide by your contract with the pay weekly catalogue you are doing business with you will find that you will receive a ton of benefits. First, the ones who require a credit check will be reporting to the major credit reporting agencies so as long as you make your payments on time you will be affecting your credit rating in a positive manner. Not to mention the fact that in addition to improving your credit you are also going to be able to get the item or items that you need without having to pay the entire balance at once.
One of the main drawbacks of pay weekly catalogues is the fact that if you miss too many of your payments you are going to have to return the item or items that you have not paid the entire balance for and the money that you have paid will not be returned back to you. Furthermore, if you miss payments and have went through one of the catalogues that required you to undergo a credit check they are going to report your missed/late payments to the credit reporting agencies and then you are going to be affecting your credit rating in a negative manner.
Overall, Pay Weekly Catalogues can be a great idea and can help you get the things that you need. However, you have to make sure that you are not spending beyond your means even if you are approved for a higher credit amount.