Accepted Catalogue grants up to £650 which can be used to purchase items on its portal ranging from electronics to home goods.
With many buy now, pay later services requiring a good credit score before you can use them to split purchases, opting for catalogue providers could be a good alternative for users with poor financial standing.
Most like Sunshine Mobile, Yes, and others take small parts payments to dispatch your goods without considering your credit score, making them a good alternative for no-impact financing.
Accepted Catalogue
Max. Amount
£650
Credit Check
None
Type
Catalogue
Tip: The platform will assign a purchasing power of up to £650 for shopping its catalogue, but for goods to be delivered, three bi-weekly payments are required.
Accepted is one of the available catalogue platforms where you do not have to worry about your bad credit score as the platform does not make use of it to determine eligibility.
Its service is for everyone and just like Yes Catalogue, you can submit an application and once approved, some payments are required before you get the items.
The company requires that you make the first three payments, this will be auto-debited every two weeks and after the third, you will be contacted regarding delivery.
Accepted Catalogue’s payment plan runs up to 12 months, but you may be offered the 6-month plan based on its assessment of your financial strength.
The platform has many items spread into multiple categories you can shop, including electronics, appliances, furniture, and other necessities.
With the total amount repayable based on the product of your choice selected from its catalogue, the platform has 0% APR hence, you pay no extra interest apart from your regular bi-weekly instalment.
Although it does not report defaults to any of the credit bureaus, not paying your due instalment can impact your history with the company and you may be unable to enjoy its services in the future.
Depending on how long you have been on the platform and the trust level you have earned, you can be offered a monthly instalment option.
Accepted Catalogue Requirements
You can be approved for Accepted Catalogue if you meet the requirements below:
- You live in the work
- Have reached the minimum age of 18
- Have a valid debit or credit card that can be used for bi-weekly payments
How Accepted Catalogue Works and When Your Product Will be Shipped
The platform works on a catalogue model, with its credit only usable when shopping products across categories on its portal.
It allows applications from different people without consideration for your credit standing with its eligibility assessment based on the information you submit while applying.
Once you are approved, a payment schedule will be created that works on a bi-weekly plan. Depending on its criteria, it will run between 6 to 12 months.
Since Accepted Catalogue does not perform the conventional credit check, it requires you to make bi-weekly payments of up to three to build some trust before the order will ship.
Features of Accepted Catalogue
Below are some of the things you may need to know before signing up on the platform:
Up to £650 in Credit
The platform grants up to £650 in credit which you can utilise to purchase products on its marketplace.
Your limit may not be up to that depending on how it assesses your application. However, this will increase over time through early repayments.
No Credit Check Required
One of the reasons Accepted Catalogue is used by many is that it does not perform any check hence, it will not impact your credit score.
This feature can be advantageous to users with poor financial profiles who may be unable to get credits from conventional buy now pay later services.
Wide Range of Products
The platform has a marketplace with different products across a range of categories like sofas, electronics, home appliances, and more.
You can select an item of your choice and order any which falls within your assigned purchasing power.
Payment Plan
Just like other financing providers, the platform charges you on a payment plan with the default being bi-weekly.
You can also request a monthly option but this will be based on some criteria like your age on the platform and how much trust you have built.
0% APR
Your purchases on the platform is also interest-free with the total payments fixed based on the product ordered.
When browsing its catalogue, there are varying prices for each item and you will be able to request any that falls within your credit limit.
Non-Reporting to Credit Bureaus
Accepted Catalogue does not report to or take data from the credit bureaus hence, it will leave no impact on your financial report.
While this may be advantageous considering that users with poor credit scores may qualify for its service, defaults in repayments can affect your chances of getting more financing on the platform.
Items Maybe Over Priced
Although there is a convenience the platform affords through its flexible payment, the products on the marketplace may be costlier when compared with outright purchases from other retailers.
If you are considering the option, it may be a good idea to see if you can afford the same item out of pocket from other platforms before proceeding.
Frequently Asked Questions on Accepted Catalogue
Below are some of the frequently asked questions regarding the platform:
What is Accepted Catalogue?
It is a catalogue-based shopping platform that allows you to purchase products on a payment plan without requiring a credit check.
The platform is designed for individuals with poor or no credit history, offering an alternative way to buy a variety of goods while spreading out the cost over time.
Does Accepted Catalogue check credit?
No, it does not check credit.
The platform does not use your credit score to determine your eligibility for purchasing products.
How many orders can I have?
The platform assigns a purchasing power which is a maximum accessible credit. The number of orders is based on this limit.
Does Accepted Catalogue affect credit?
No, it does not affect your credit score. The platform does not report your payment activity, whether good or bad, to credit bureaus.
This means that your use of the service, including any missed payments, will not impact your credit history or score.
However, failing to make payments can still affect your relationship with the company. If you miss payments, it could prevent you from placing future orders or using the service again, as it impacts your internal trust level with the platform.
With many products on its marketplace, using Accepted Catalogue can be a convenient way to get the items you need but you should consider it after checking alternatives as the prices of the items may be higher.
- How to Use Fair For You for Payment Plans - 15.10.2024
- How Payment Assist Works for Financing - 11.10.2024
- How Accepted Catalogue Works for Financing - 09.10.2024
