Wednesday, October 7, 2015

Catalog shopping credit lines

Besides the usual lines of credit one can typically obtain there is also a not so well known credit type and that is one used to shop via a mail catalog.  Most likely not going to be around much longer since you can purchase almost anything online these days but still it exists.  This type of credit account is a line of credit that can only be used to purchase metchandise from a specific retailers catalog.  Catalog shopping credit accounts are probably the least desirable type of credit account one can obtain because they tend to have higher than average interest rates and fees. In addition catalog shopping credit accounts can only be used to purchase merchandise that has a higher than average markup as well.  The most well known company still offering these types of credit accounts is Fingerhut.