At a Glance
- Acceptance Rate: High acceptance for poor credit scores
- Credit Limit: £150 – £2,000 (Subject to Status)
- Representative APR: 39.9% variable
- Payment Options: Weekly payments, monthly instalments
- Minimum Payment: £5 or 5% of balance (whichever is greater)
Overview
Yes Catalogue has established itself as a popular choice in the credit catalogue industry, particularly catering to shoppers with bad credit scores or challenging financial history.
Operating through their online shopping platform, they offer a wide selection of products ranging from fashion items to household electronics, all available through flexible payment plans.
Product Range
Yes Catalogue provides an extensive range of items across multiple categories. Their catalogue stores feature current fashion trends from recognized brands, alongside a comprehensive selection of:
- Home furnishings and fridge freezers
- Electronic products including mobile phones
- Fashion items for all ages
- Beauty and personal care products
- Garden equipment and outdoor furniture
The variety of products available rivals many high-street stores, though prices may be higher than some competitors due to the credit facility offered.
Credit Terms and Application Process
Getting started with Yes Catalogue involves a straightforward sign-up page process. The company performs a form of credit check, but their credit policy is generally more lenient than traditional credit providers. Initial credit limits typically start modest but can increase over time with responsible usage.
Application Requirements
Applicants must provide:
- Current address and previous address history
- Employment status details
- Bank statements or income verification
- Email address for account management
- Voter registration status (preferred but not mandatory)
- Card details for payment setup
The application process usually provides an instant decision, making it convenient for prospective customers seeking quick access to credit.
Payment Options
Yes Catalogue understands the importance of flexible payments and offers several payment methods to suit different budgets:
Weekly Credit Options
They offer budget-friendly weekly instalments, making payments more manageable for those who prefer smaller, frequent payments. The flexibility of payments includes options for:
- Direct Debit arrangements
- Continuous payment authority
- Alternative payments methods
Monthly Payment Plans
Monthly options include:
- Standard monthly instalments
- Buy-now-pay-later options on selected items
- Interest-free days on certain purchases
- 0% interest-free periodSpread promotions
Benefits and Features
Credit Building Opportunities
One of the strongest aspects of Yes Catalogue is its potential for credit rebuilding. Regular payments reported to credit agencies can help improve your credit score over time. The credit utilization ratio is monitored, and credit limit increases are available to loyal customers who demonstrate good payment history.
Customer Service
The customer service team operates from their Lever Street headquarters, offering support through multiple channels. Customer reviews generally indicate satisfactory experiences with:
- Query resolution
- Return Policy handling
- Delivery time management
- Account management assistance
Special Offers
Yes Catalogue regularly provides special offers and exclusive access to sales, including:
- Seasonal discounts
- Interest-Free Options on larger purchases
- 12-month offer period promotions
- Competitive pricing on selected items
Costs and Considerations
Additional Costs
Transparency about extra cost factors is important:
- Administrative costs for account management
- Return shipping costs (if applicable)
- Late payment fees for missed payments
- Processing fees for certain payment methods (33p per payment in some cases)
Interest Rates
The contractual rate and base rate can affect the overall cost:
- Representative APR of 39.9% (variable)
- Different rates for various credit categories
- Benchmark interest rates may affect variable rates
- Special promotional rates available periodically
Potential Pitfalls
While Yes Catalogue offers many benefits, potential customers should be aware of:
- Higher APR compared to traditional credit cards
- Risk of persistent debt if only making minimum payments
- Impact on credit ratings if payments are missed
- Potential involvement of debt collector for defaulted accounts
- Balance outstanding charges can accumulate quickly
Who Is It Best For?
Yes Catalogue is particularly suitable for:
- Shoppers with terrible credit seeking to rebuild their credit history
- Those needing flexible payment options for purchases
- Customers looking for catalogue-based credit options
- Individuals seeking instant credit decisions
- People wanting to improve creditworthiness over time
Tips for Maximizing Benefits
To make the most of your Yes Catalogue account:
- Always make payments on time to avoid damaging credit ratings
- Review previous statement details regularly
- Stay within credit catalogue credit limits
- Take advantage of interest-free days when available
- Monitor your credit utilization ratio
- Keep track of outstanding balances
Customer Feedback
Drawing from customer reviews and the established customer base, common feedback includes:
- Appreciation for the shopping experience
- Satisfaction with delivery address flexibility
- Positive responses to customer service
- Mixed reviews on competitive pricing
- Praise for the convenient online shopping platform
Conclusion
Yes Catalogue offers a viable option for those with bad credit catalogue experience seeking to make catalogue purchases while rebuilding their credit. While the APR is higher than some financial products, the combination of flexible payment plans, extensive range of products, and lenient acceptance criteria makes it a worthy consideration for many shoppers.
The convenience of credit catalogues combined with the opportunity to improve your credit score over time makes Yes Catalogue a reasonable choice, particularly for those focused on rebuilding their financial health. However, potential customers should carefully consider the repaymentsCosts and ensure they can manage regular payments before committing to any credit agreement.