"Looking at my current credit reports made me recall the old Spiegel catalog and I remembered what they did to me. I’m glad they are out of business!
In the early 1990s when I was in my early 20’s and living on my own, I was getting a lot of catalogs in the mail. Many of them were “buy now, pay later”. I made 2 separate orders with the Spiegel catalog: a wooden bookshelf and a sweater. I made monthly payments on these 2 items which totaled around $100. Although I paid the bills in full in just a few months, Spiegel gave me a lot of trouble via nasty letters in the mail and I never understood why! They put a negative mark on all three of my credit reports which stayed on them way past the average 7 years. This was a lesson learned to watch who I do business with. Awful company in my opinion."