Other forms of credit include bank overdrafts, storecards, and Buy Now, Pay Later schemes.
A store card generally
Store cards operate similarly to credit cards with a monthly statement being sent to all customers with the requirement to pay off at least the minimum payment by a fixed date. You should be aware that only ever paying the minimum amount on a card can cost you more in the longer term.
In assessing the value of taking out a store card, you need to consider and weigh up the costs and benefits in the same way as you would for other credit products.
Several retailers now offer branded credit cards as well as store cards. These combine the benefits of a storecard, with the payment flexibility of a credit card. See credit cards for more information.
Hire purchase and lease purchase
Buy Now, Pay Later offers