Buy now pay later with bad credit

Almost everyone in the UK would have heard of the buy now pay later loans and finance options.

A loan like this can help you get credit for the merchandise you want to buy even though you might have bad credit, CCJ, adverse credit, poor
credit or credit default since there is no credit check done on these funds by the lender. The credit scores of Equifax and Experian are not checked by the lenders which is why they can offer you fast funds guaranteed.

You would have heard of the store catalogues where you can select anything listed on the catalogue by the stores and purchase it without any problems.

There are several payday and sameday loans available online where you would be able to get funds for your immediate requirement and make payments later on your payday or you can even do weekly payments to save on the interest and pay no fee. This is a great way to get quick easy cash for an emergency for people

who do not have many sources to turn to. There are several benefits of applying for a loan like this on the internet since there would be no home collateral or guarantor needed because these loans are all unsecured.
You can make small payments but you will have to be careful since these loans are for short term and the interest charges would be high. Also, those who are unemployed will not be able to qualify for these loans. You will need a bank account with a debit card and you can opt for a direct debit option if you are in need for immediate lending or cash

advance. You can pay for the amount borrowed later in instalments. This can be the best option for those who need to meet with certain unexpected demands but do not have any sources for procuring funds. The only thing you will have to need to keep in mind is that you will have to be smart with the way you handle these loans and ensure that you make the payments regularly without any delays.

Comment…. Very useful information, which I have read and actually used. I was offered a 52inch state of the art tv on credit even though I have a really poor credit rating. Thanks again. Marco – London

{ 12 comments… read them below or add one }

Chris Le Cornu February 21, 2011 at 11:28 am

Really good article and site well done keep up the good work


Yuri_A April 28, 2011 at 10:47 am

It’s incredible in the UK how many finance options are out there and how many different loan providers there are both online and on the high street.
Buy Now Pay later Finance doesn’t exist to the same extent in other European countries. This is probably why the UK, like the US has had so many loan and mortgage providers collapse.
Countries with more of a savings culture like Germany and Scandinavia don’t seem to have suffered the same type of problems.
Maybe it is time to cut down on the amount of type of loans and go back to basics.
Sorry for the rant. Yuri

Max Smith June 25, 2011 at 10:03 am

Could anyone give me some advice on how to manage my debt pile properly. I have really used up all the credit on my cards and am already up to my eyeballs in buy now pay later finance repayments.

Help needed – Max

David September 3, 2011 at 8:37 am

Max why don’t you try and get some professional advice from an independent financial advisor or a debt management company. It just seems to me to be a little bit of a waste of time to ask the advice of people on a finance site or a forum whom you have never met.

Dario September 12, 2011 at 2:57 pm

Ithink there is nothing wrong with using buy now pay later finance schemes. As long as you are disciplined and committed to making the repayments on time it is a good way of being able to make essential consumer products like tvs, sofas and washing machines accessible to those that are in a permanent job but cannot quite afford to buy these items outright.

Those who are irresponsible tend to be people tyhat use buy now pay later schemes for reasons other than essential puirchases. By this I mean x boxes, hifis and the like.

Absolute time wasters the lot of them

David Peters September 27, 2011 at 8:50 am

Buy now pay later was the only option available to me. I had my kids birthday in October and xmas in december – it wasn’t like it was spread out throughout the year. My wife and I are low income earnewrs and there is no way that we have cash to pay for expensive items like x boxes up front for the twins.
Some of the people commenting on this blog should get real. Just because you choose by now pay later schemes does not mean that you are financially irresponsible.

Kev October 4, 2011 at 10:03 am

If you are in buy now pay later schemes make sure you pay back as soon as possible unless the sceme involves zero percent finance

Michael Smyth October 24, 2011 at 9:24 am

I have a feeling that as long as you have a wage slip showing you are in full time unemployment you will never get turned down for buy now pay later finance

Carl Daniels November 7, 2011 at 11:08 am

Buy now pay later finance is increasing in popularity all the time. With the credit crisis looking like it is about to turn into a double dip recession the need for people to pay over a period of instalments due to having a lack of cash is increasing all the time.

Terry November 22, 2011 at 1:14 pm

Bad credit seems to be on the increase as the recession has made unemployment on the rise with people failing to pay back their bills.

Tim Jones December 13, 2011 at 4:40 pm

Buy now pay later schemes get a bad rap but to be honest in this current financial climate, not every gfamily has got hundreds of pounds freely available to buy consumer products with. We come from a working poor background. My wife and I are both hard workers who are struggling to make ends meet. What happens if our washing machine blows up? Where are we meant to find a spare 500 quid to buy amother one? The answer is we don’t.
We are discipline and in tight control of our finances. We know damn well that we will pay back any buy now pay later scheme we sign up to. As long as you have our never say die attitude then how can we fail to succeed!

Paul January 24, 2012 at 9:48 am

If you have bad credit it is a nightmare getting finance. I really feel sorry for working poor people who need emergency items like washing machines yet cannot afford to buy them outright and end up having to pay high annual interest repayments for the pleasure of needing an essential household item.