How Catalogue credit limits work, How you can improve your chances of getting catalogue credit limit increases
How Catalogue credit limits work, How you can improve your chances of getting catalogue credit limit increases
Catalogue Credit limits are the maximum you can owe your Catalogue
Your Catalogue company may increase or decrease your credit limit.
Find out how you can qualify for Catalogue credit limit increases
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Pay Monthly Catalogue credit limits are variable which means they can be increased or decreased.
Some catalogue companies may offer a low credit limit initially.
Customers who attempt to buy High End Electrical items such as 50 Inch Televisions or High End Laptops may find their orders are declined over those opting for a small item such as a Kettle.
So try and keep your first order value low. It’s actually going to increase the chances of approval.
Credit Catalogues are a great way to get the items you want and need now and spread the cost.
Your Credit limit is going to be reviewed often, furthermore Some actually increase the credit limit once your first payment is made!
Likewise, Some prefer to wait 3-6 months to see how you manage first.
Consequently, Catalogue Credit limits can increase fast, therefore running your Catalogue account well by keeping up with the repayments will increase the likelihood of being offered Credit Limit Increases.
Placing regular orders will certainly improve your chances of being offered more credit.
Once you have had your application approved, just be sure to make at least the minimum repayment by the due date.It’s not uncommon for Catalogue Credit Limits to increase very fast and pretty high in value when you manage your account well.
So if you have lot’s of items to order, spread them out, avoid placing them all at once in your first order,
Choose one item (and if possible, try to keep your first order below £150).
For the reason that Catalogue companies suffer a lot of fraudulent orders, Catalogue companies like to show Caution when they receive new orders.
As a Result,, New customers placing large orders may be declined.
Keeping your first order small will increase your chances of approval.
Remember – Credit Limits do often increase pretty fast and Catalogue companies are more than happy to dispatch larger items once they have seen good account conduct, such as regular payments made on time, in contrast, this limits the risk.
You can pay your Catalogue by Credit Card or Debit Card, or you can opt to pay by Direct Debit.
Opting for Direct Debit means you are much less likely to miss repayments.
Ensure you know when your payment is due. Always ensure you are making at least the minimum payment and you allow enough time for the payment to be received.
If you are looking to get a Credit limit increase, you should always Try to keep up with repayments on all of your other Credit Agreements such as your Mobile Phone, Credit Cards etc.
