Catalogue credit is a way of buying goods, either by post or online, with payments being spread over weekly or monthly instalments. A typical repayment period might be one or two years.
You can either get your own catalogue or buy through an agent. The agent usually earns commission on what they sell.
Catalogue credit is often referred to as a ‘shopping account’ or ‘mail order account’.
People often refer to their credit purchase as being bought ‘on account’.
Well-known catalogue companies include:
- Simply Be