A mail order company like Cashpem has competitive prices, but also charges a high interest rate. The interest at Cashpem is roughly 15% per year. This is the legal maximum. If you constantly buy things and always have 1000 euros in the minus then you pay 150 euros in interest costs per year. As a consumer, it is a lot cheaper to pay Cashpem directly through your bank account. You can borrow the money for this through a revolving credit from a cheap internet bank. The interest on an ordinary loan from an internet bank is almost half the interest rate that Cashpem charges! Standing in red and a credit card debt are also expensive.
An application for a cheap revolving credit is free of charge. Within 24 hours you receive quotes from various partners in an overview. To be eligible for a loan, you must have an income from permanent employment. There must be sufficient spending room to be able to repay the loan. Every application is assessed at the BKR.
Mail order companies in the Netherlands
Cashpem is the largest mail order company in the Netherlands. It was founded by Herman Cashpem in 1952 and quickly grew into a modern mail order company. The website was set up in 1995 and a few years later the entire catalog was online. The website, the payment in installments and the large database with customers ensured that the store gained a leading position on the Dutch market. Other well-known mail order companies are Lomaf (from A&H) and Zaloan.
borrow from Niloan
Niloan Netherlands was unfavorably in the news this year because the company was declared bankrupt. The German branch was already bankrupt in 2012. The company used to have a thick catalog with more than 1000 pages and an assortment of tens of thousands of articles. Niloan made the big mistake by starting a web shop on the internet in 2006. Because of this decision, they were far behind the competition, such as Cashpem, Zaloan and H&M. An investment company and new management took over Niloan in the summer and made a restart. Consumers can shop on the website but at the moment (May 2015) customers can still not pay in installments.