Buy Now Pay Later Catalogs
Spread the cost, Interest FREE
Buy Now Pay Later Catalogues are different from traditional catalogue payment terms.
When you place an order using Buy Now Pay Later you will not be asked to make any upfront payment and you will not be required to make any minimum monthly repayments for a set period.
Usually the more you spend, the longer the Buy Now Pay Later period will be.
What is Buy Now Pay Later?
Buy now pay later is an Interest free period when no repayments are required.
If you buy something using a 12 month Buy Now Pay Later on January 1st 2018 you will have until December 31st 2018 to repay the entire order value. If you clear the balance in full before the buy now pay later period ends you will not pay any interest.
If on January 1st 2019 You still have a balance owing then interest will be applied.
This interest will be back dated to the order date (so January 1st 2018) in this example and will be applied on top of your current balance owed. This is called Deferred interest.
Buy now pay later can be good if you are sure you can clear the debt in full before the buy now pay later period ends.
Although you are not asked to make monthly repayments, it’s always a good idea to try and pay towards the debt as and when you can. This reduces the balance and can make it easier to clear the entire balance before the Buy Now Pay Later period ends.
Remember , In event you don’t manage to clear the balance, interest will be backdated and added to your debt, this will increase the amount you owe. Once the buy now pay later period is over, you will be required to make monthly repayments.
If you prefer to pay your catalogue monthly, click here for our Catalogue directory.