How to stay credit-savvy in the new year sales

Christmas shoppingWhen it’s time for the New Year sales, shops and suppliers are extra keen for our custom.

And there could be some room for a bit of give and take, with shops probably having plentiful stock to shift in the face of the boom in online discounts.

There isn’t much that cannot be discounted, so it’s up to you to persuade them to do it. Remember that you have nothing to lose, as all retailers ultimately want your custom.

Four quick haggling tips:

  1. Before you venture into a shop, find out what the best price is online so you can ask the seller to match or better it.  Doing your homework could help you get in a position where you can negotiate a happy middle ground.
  2. Speaking to the right person can help – you’re unlikely to get an extra discount from a junior member of staff, so make sure you negotiate with someone who has the discretion to authorise a deal, such as the store manager or a supervisor.
  3. Buying a new tablet? Perhaps you could get a warranty or carry-case included. Ensure they know that it wouldn’t hurt if they sweetened the pill a bit – and after all, if they think they’ll get a satisfied customer who might tell their friends, then it could be worthwhile for them too. And if you’re buying more than a couple of items, you may be able to ask for a discount on the total price.
  4. Finally remember that you have nothing to lose, as all retailers ultimately want your custom. If you’re in a major department store, it doesn’t hurt to ask for free delivery. But don’t be afraid to walk away if necessary.

Spreading the cost of your sales budget
Many people could be looking for new credit to help spread the cost of their new year sales shopping.

Now Experian can help you find credit cards and personal loans you’re more likely to be accepted for, and it won’t negatively impact your credit rating.  Experian Credit Matcher is a free independent service that helps you compare credit deals, based on your credit information. We are a credit broker not a lender, working with selected lenders. 

The Experian Credit Score is a guide to help you understand how your credit information could be interpreted by lenders. To get your Experian Credit Score FREE forever, sign up to Experian Credit Matcher.

Remember to pay it all back
Buying on credit can give you protection. If you buy goods or services on your credit card, you have extra protection if things go wrong, compared with paying by cash or even debit card, under section 75 of the Consumer Credit Act.

If you’ve used credit to fund your bargain hunt, when it’s time to pay it all back don’t forget what you’ve spent. Try to stay within your credit limits and try to pay your credit bills on time. as missed or late payments stay on your credit report for at least six years.

†Experian acts as a credit broker and not a lender in the provision of its credit cards and personal, car finance and guarantor loans matching services, meaning it will show you products offered by lenders and other brokers.

Experian acts independently and although CreditMatcher shows products for a range of lenders and other brokers it does not cover the whole of the market, meaning other products may be available to you. CreditMatcher services are provided free however we will receive commission payments from lenders or brokers we introduce you to.

CreditMatcher is provided by Experian Ltd (Registered number 653331). Experian Ltd is authorised and regulated by the Financial Conduct Authority (firm reference number 009743). Experian Ltd is registered in England and Wales with registered office at The Sir John Peace Building, Experian Way, NG2 Business Park, Nottingham, NG80 1ZZ.

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