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I'm sorry, but Bright House provided a service that allowed a proportion of society the ability to buy household goods that they otherwise wouldn't have access to. The high end TV example by @simonworden is a good one. I'm not going to pass judgement on whether the customer should be allowed to buy something on credit that they don't need when a second hand item would suffice- they just gave their customers a choice. And their interest rates reflected the fact that there was significant risk in these loans as customers could stop payment and return second hand goods at any point in the process prior to paying off the loan.

I'm not going to argue that payday lenders weren't bad - there were loads of reasons why they rightly no longer exist. But I genuinely believe Bright House provided a decent service to the underbanked who can't find access to credit elsewhere or people who wanted the security of a get out clause if they could no longer make payment. This is a company that has been struggling far before the FCA regulation on the sector - it's not like BH were ever making obscene profits like the payday lenders were.

Anyone remember Radio Rentals too? Provident? Hire Purchase (HP) has always been about. Bright House are no different......whats worrying is people will try for high interest credit cards now. There's a need for access to items like this.

Edited by MPDTT

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1 hour ago, MPDTT said:

I'm sorry,

Should have just stopped there

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1 hour ago, MPDTT said:

But I genuinely believe Bright House provided a decent service to the underbanked who can't find access to credit elsewhere or people who wanted the security of a get out clause if they could no longer make payment...

Anyone remember Radio Rentals too?

If Bright House were providing anything that could be described as "decent" then the "cash price" of the items wouldn't have been double the RRP of the item to begin with before they added on their compulsory insurance and interest.

One thing they did provide was a great teaching aid to demonstrate to my kids their privilege and how it was more expensive to be poor.  The XBox One that they'd just bought new for £180 would have cost them over £400 if they were paying cash in BH, or nearer £700 had they been paying weekly.

Radio Rentals used to provide straight rental as my parents rented a TV and VCR from then for years, even back as far as DER before Radio Rentals took them over.  This was mainly due to the cost of consumer electronics in the 80s and my parents being worried about repair costs, of which there were many on 80s British TVs.  I don't really think there's anything wrong with straight rental if it's structured as such upfront.

 

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2 hours ago, MPDTT said:

The market is good. All hail the market. 

Saying "remember provident?" as if Provident was a good thing is also scummy. Deliberately enticing single parents and the unemployed with carrying wads of cash and charging massive rates of interest. They were fucking legalised loan sharks. 

Edited by PowerButchi

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I grew up poor. If it wasn't for catalogues, tally men and second hand stuff, we wouldn't have had anything. Those things are all useful. And with the catalogues and the bloke who used to come weekly (I forget who he worked for*), there was of course a premium as interest. It wasn't anything like the interest charged by these payday loan scumbags. They're immoral. To try and spin that as some sort of useful service to the poor is disgusting.

Edit: *Shopacheck?

Edited by tiger_rick

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Yeah. Shopacheck. We used to use then as well and remember all having to hide in the house with the curtains closed if we'd used the money for them that week for food or the like. 

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9 minutes ago, PowerButchi said:

Yeah. Shopacheck. We used to use then as well and remember all having to hide in the house with the curtains closed if we'd used the money for them that week for food or the like. 

Those were the days. Poor old Milk man too. And them TV licence bastards. Wouldn't wish it on any kid but you grow up and know the value of stuff.

My Mam's a nutter these days. She's like Farage in a wig. If we talk politics, it ends in a fist fight. But I know what she sacrificed so we could eat, have shoes on our feet and clothes on our back. So I could never not love her. The fucking lunatic.

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18 minutes ago, Factotum said:

Must say Newcastle and Spurs cutting the wages of the non playing staff by 20% has enraged me this morning.

Proper cunt owners. Not surprised one bit.

All this HP nonsense has just reminded me that I couldn't watch England Vs Nigeria at the 2002 World Cup as I didn't have any pound coins to put in the box to make the TV work. 

The fella that used to come and empty it was an absolute danger as well. 

Fuck all HP companies (apart from the sauce)

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4 minutes ago, SuperBacon said:

Fuck all HP companies (apart from the sauce)

And the computers.

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21 minutes ago, Steve Justice said:

And JK Rowling.

I dunno. She’s outted herself as cretin on Twitter. And a family friend was her accountant for a while and said she was very diva like.

 

Edited by Hannibal Scorch

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3 minutes ago, Hannibal Scorch said:

I dunno. She’s outted herself as cretin on Twitter. 

 

What did she do, support UKIP or something? 

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1 hour ago, Factotum said:

Must say Newcastle and Spurs cutting the wages of the non playing staff by 20% has enraged me this morning.

The furlough thing is still poorly defined but while there's no restriction on it, football clubs are going to take advantage of it. They'll all do anything to make or save a buck.

Be interesting to see if anyone uses it for players. I've no idea what that would mean contractually. Could even see clubs, probably lower down the pyramid, putting some players on it but keeping paying the ones they daren't risk losing for nothing.

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24 minutes ago, gmoney said:

What did she do, support UKIP or something? 

She just consistently comes across as an arrogant thicko.

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