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MDG operates as an online retail platform with an extensive product selection, featuring furniture, electronics, home decor, apparel, and more.

Distinguished for its buy now, pay later model, the platform offers customers the flexibility to finance their purchases using a revolving line of credit it provides.

The platform enables customers to shop for diverse items and opt for a deferred payment approach, allowing them to pay for their purchases gradually over time.

Payments are typically scheduled on a bi-weekly basis, offering a convenient alternative to making an upfront payment.

Yes, MDG conducts a credit check when customers apply for financing on their platform. However, it is crucial to understand that its initial credit check is a soft inquiry.

A soft inquiry, also referred to as a soft pull, is a credit inquiry type that does not influence the customer’s credit score.

In the application process, the platform utilizes this soft credit inquiry to evaluate the customer’s creditworthiness and determine an appropriate credit limit or purchasing power.

The purpose of this soft inquiry is to understand the customer’s financial situation without leaving a lasting impact on their credit score.

It is important to distinguish this soft inquiry from a hard inquiry (hard pull), which is a more thorough credit check typically associated with applications for financial products like mortgages or credit cards. Hard inquiries may have a minor, temporary impact on the credit score.

In summary, while it does perform a credit check through a soft inquiry in the financing application process, the intention is to assess creditworthiness without significantly affecting the customer’s credit score.

The exact credit score required to qualify for MDG financing options is not publicly disclosed by the company.

Similar to other buy now, pay later services, the platform assesses customers’ creditworthiness by conducting a credit check during the application process.

This credit check is typically a soft inquiry, causing minimal impact on the customer’s credit score.

While it is recognized for its more flexible approach compared to traditional credit providers and may accommodate individuals with diverse credit profiles, it is important to note that specific approval criteria, credit limits, and terms can vary based on individual circumstances.

Interest rates for MDG financing options are variable, and the specific rate assigned to an individual’s account is influenced by several factors, with the chosen term being a key consideration.

This information is typically provided during the application process, following a soft credit inquiry.

The provider may extend promotional financing with zero interest for a specified period, especially for new customers. However, if the full payment is not made within the promotional period or by the due date, an Annual Percentage Rate (APR) will be applied to the remaining balance.

The APR can fluctuate and generally falls within the range of 0 to 35.95%, contingent on the individual’s chosen financing term and other things as may be considered by the platform.

Yes, MDG is a legitimate platform that allows users to buy products from its extensive catalog and manage payments through flexible installments.

Despite providing a revolving credit account, you are not obligated to use it for purchases on the platform.

Alternatively, you have the option to make upfront payments using your debit or credit card.

The maximum credit amount available when using the MDG platform is $3,000.

However, the limit assigned to you as a revolving line of credit is based on factors determined by MDG.

Importantly, it cannot exceed the platform’s maximum limit of $3,000.

MDG does not offer a virtual card applicable for financing on external websites; its credit services are designed to be used exclusively for shopping its catalog.

While the platform does not provide a virtual card for transactions due to the nature of its business model, there are alternative buy now pay later virtual cards available.

These alternatives empower users to create organized payment plans when making purchases from a variety of retailers and they can be connected to popular digital wallets for offline payments too.

Yes, you have the flexibility to pay your MDG bills in advance without facing any penalties.

Settling the full amount before or on the due date not only helps you avoid any additional charges but also brings advantages such as positive credit reporting to major bureaus and an increase in your purchasing power.

The orders placed on the MDG’s website are directly shipped from the company hence, expect your delivery to come from MDG and not any external partner.

No, they are not the same.

While both MDG USA and Canada are from the same company, their offerings differ, including their inventories and accessible credit limit among others.

MDG Club membership is a premium subscription program offered by the platform.

As a member of the club, individuals gain access to exclusive perks that enhance their shopping experience.

These benefits include discounts on purchases and the ability to access special products that may not be available to non-members.

The membership offers additional privileges, providing a premium level of service to those who subscribe.

To allow potential members to experience the advantages of the MDG Club, the platform offers a free 90-day trial.

During this trial period, users can explore and enjoy the exclusive benefits before deciding whether to commit to a long-term membership.

Overall, the membership aims to provide a more enhanced and rewarding shopping journey for its subscribers through special offers and premium features.

The platform is a shopping website with financing a major reason for its popularity among users hence, the nature of its business means that you end up paying an extra in APR to cover the cost of its offerings and operations.

Just like every buy now pay later catalog provider, the prices of items in its inventory are expected to be higher than what is attainable when shopping direct product retailing websites since there will be markup as interest.

You could end up paying a late payment fee of $40 if your statement balance is not cleared before or by the due date.

If you continue to default, it could affect you negatively since the platform reports activities to the major credit bureaus and also your chances of future access to its services.

Though the platform does not have a detailed FAQ page, you can visit the homepage to learn more and the customer support page is also there that you can utilize to get additional information regarding how its services work.