How To Shop Black Friday – 5 Tips for Shopping Smart When You Have Bad Credit
Black Friday is the day when many people go nuts and spend vast amounts of money to get the best deals on electronics, home appliances, clothing and more.
If you have bad credit, this can make it even harder for you to get the best deals available. However, that doesn’t mean you shouldn’t give it a shot.
That’s because, with some careful planning, research and payday loans you can still find great deals no matter your credit situation.
In this article, we will talk about how to shop on Black Friday if you have bad credit and tips for doing it smartly. Before we dive in though, let’s take a quick look at what black Friday is:
What is Black Friday?
Black Friday is the day after Thanksgiving when many stores offer massive discounts on a variety of items. Some stores even get into the spirit of things and turn large sections of their stores into “Black Friday only” sales.
Stores will also lure customers in with advertisements and coupons to get them excited about the deals to come.
As the name suggests, Black Friday is often the busiest shopping day of the year, with many people visiting stores to get their early bird sale vouchers.
The discounts tend to get even bigger as the day goes on and people get more excited.
How to Shop on Black Friday if You Have Bad Credit
Black Friday is a great time to shop if you have bad credit. Why? Because you’re likely to get even better deals than normal.
Why? First, many stores will offer a “black Friday only” sale, where the items on offer are likely to be even cheaper than their regular prices because they didn’t get any new orders.
Countless articles online will tell you that you should only shop on Black Friday if you have bad credit. Instead, we’re here to tell you to ignore all of that advice.
Why? Because as we’ll discuss below, there are plenty of ways to shop on Black Friday that don’t involve looking for deals on bad credit.
Research the Sales and Filter Out Deals You Won’t Benefit From
When you have bad credit, the most important thing you can do is research the sales and make sure the items you buy are worth the price.
This is because the interest rates on your credit cards are likely to be higher than normal, making it much harder for you to get the item financed or to pay it off.
As well as tracking down the best Black Friday sales, you should also look online during the week to see if any stores are having flash sales or offering discounts that aren’t advertised anywhere else.
Flash sales are often announced on Facebook or Reddit and aren’t commonly advertised anywhere else.
That means that you can often get a discount on items just by checking the social media accounts of the stores you’re interested in.
Don’t Be Afraid to haggle — but be smart about it
Many shoppers are reluctant to haggle at all, but this isn’t a bad idea for shoppers with bad credit.
After all, if you know what you’re doing, haggling is a great way to get a better deal on an item with a high markup.
Haggling only works if both parties know what they’re doing though, so make sure you know the difference between a good and bad deal before you start.
Generally, the best haggling points are when the salesperson asks how much you have in your wallet or at the start of the negotiation when the salesperson quotes a price.
Stay Safe and Protect Your Good Faith Purchase Protection Policy
If you’re shopping with bad credit, one of the most important things you can do is stay safe and protect your Good Faith Purchase Protection policy.
Good Faith Purchase Protection policies allow you to return items purchased with bad credit within a certain period and without any issues.
That’s because the store will cover the cost or issue a refund to you. Unfortunately, many stores are now charging extra fees for GPP, which is why it’s so important to protect it.
Make sure you keep an eye on the prices of items you want to buy and make sure there’s a 30-day return window. If there is, make sure you don’t buy the item.
Black Friday is a great time to get great deals on electronics, home appliances, and more. However, shopping on bad credit can be dangerous and tough, so we recommend that you shop with caution.
Rather than rushing to the stores on Black Friday, we recommend that you wait until the day after Thanksgiving to get the best deals.
That way, you can be sure to stay safe and protect your good faith purchase protection policy.