rip off company

[thecableguy12]

hello guys i saw this stupid advert on the tv about bright house basically its a shop that allows household goods on credit like lcd tvs etc, at a rate of 29.9% what a total rip off it seems by the advert they accept anyone, companys like that really annoy me

heres the link Apply Now at BrightHouse

 

[Spikeman]

yes brighthouse specialise in getting people who can't really afford to buy thiings to take buy on tick.

Not only are their prices at near MRRP they then charge the 29.9% over however long you take it. They normally have signs on their goods saying only £1.30 a week!

They do get stung a lot though. Major debters with CCJ's are always taken on by them.

My advice - steer well clear. People are best advised to say the money weekly and then buy on interest free credit. Or if you need it there & then and can't get interest free look for a credit card doing 0% on purchases over the longest period you can.

 

[keefy7]

Yep otherwise known as grazy georges will even take unemployed people extortionate interest charges bit like provident 177% interest on loans lol

 

[thecableguy12]

i feel so sorry for the customes eh?

 

[Biggav]

its a big industry lots of money to be made. I work for a company who do loans and our main customer base is the sub-prime market (ie customers who can not obtain finance via the prime lenders.) Its high risk which is reflected in the higher interest rates.

too many people nowadays are taking out loads of credit and bumping companies off or going to debt management companies/insolvency practitioners some for genuine reasons due to change in circumstances and others because they are trying to get one over on the finance companies/the system, therefore high interest charging companies will always be around to try and repair these customers credit ratings, as you say though if you have good credit then dont touch these companies with a barge pole