Loan offers are like sand by the sea. But consumers who shop online or order from the catalog have other options for tapping into sources of finance. The mail order industry is currently being overrun by a bankruptcy wave, because according to him has also been hit, but consumers can still order their goods from the big ones and do not have to invoice immediately if they want pay. It is often used to advertise exactly that. Consumers should take a so-called payment break and order goods today, which they then only pay half a year later.
Attention, the bill is deceptive – the goods have to be paid for, just not immediately, but that does not necessarily have to be an advantage.
Of course, many consumers see it differently and are delighted when mail order companies come to meet them in this way, so they can order goods that they do not have to pay for the time being, but can already use. This applies to clothing, furniture and home accessories so that it is possible to completely re-dress without having to put money on the table. However, it should not be forgotten that the goods only belong to the consumer when they have been paid for in full.
Order the goods on credit
If these offers from the mail order company are not enough, you can of course also take out a normal installment loan. The amount of the interest is usually not in the advertising, but the loan makes it possible to pay for the entire product in normal installments, like an installment loan. The credit check at the mail order companies is pretty casual. It is usually sufficient if the Credit Bureau information is in order and there were no payment disruptions in the order history. Here, consumers who do not get a loan directly from the banks due to their low income have a chance to get a loan because there is no need to prove that they are in a permanent employment relationship.
Mail order companies see this more loosely because they have as security the goods bought on credit that remain their property until they are fully paid.
Why the mail order credit is not recommended
In the mail order business, consumers, whose financial situation is usually already tense anyway, take out a loan. They often have problems when the installments have to be paid. The risk of indebtedness is relatively high, because you can also order in parallel from several mail order companies and all grant credit equally.
Anyone who has seen the program “Get out of debt” on RTL knows how often there were debtors with mail order debt.
In addition, these loans, which are offered by mail order, have relatively poor terms. Installment loans are available from direct banks at significantly lower interest rates, and therefore, if at all, installment loans from direct banks are preferable to mail order. Consumers should make a habit of only ordering goods that they can pay for immediately after delivery. This protects against indebtedness or over-indebtedness.
Change consumer behavior
It is often just a small step from excessive credit consumption and the impending debt trap. If you step on the emergency brake in time, you can escape the debt trap by changing consumer behavior. Certain purchases should simply not be made on credit, but should only be made when the money is available.