Moderators PowerButchi Posted March 30, 2020 Moderators Share Posted March 30, 2020 Reminder: MPDTT is a fucking tory Quote Link to comment Share on other sites More sharing options...
wordsfromlee Posted March 30, 2020 Share Posted March 30, 2020 10 minutes ago, PowerButchi said: Reminder: MPDTT is a fucking tory If you didn't know before, you could easily figure it out from his thoughts on Bright House. Quote Link to comment Share on other sites More sharing options...
Loki Posted March 30, 2020 Author Share Posted March 30, 2020 Say what you like about the Third Reich, the trains ran on time. Quote Link to comment Share on other sites More sharing options...
Paid Members Hannibal Scorch Posted March 30, 2020 Paid Members Share Posted March 30, 2020 Gotta love The Sun reading gammons. This tweet led to this fine exchange Quote Link to comment Share on other sites More sharing options...
simonworden Posted March 31, 2020 Share Posted March 31, 2020 8 hours ago, MPDTT said: Decent company, I turned down a job with them in 2016 in favour of a counter offer from the payday lender I worked for at the time.....240 stores, 2400 lost jobs and the one thing you can be sure of is they will sell on the debt - so nobody will get their goods for free. Although I was always uncomfortable in payday lending, the 'rent to own' space wasn't as murky - folks could get household items with no down payment and pay for them in weekly installments - providing access to items for millions of households that would otherwise not be able to afford them. If they wanted out of the debt, they return the items (so no debt collectors, ever). Of course, they were paying a premium - but that's because they want brand new items, such consumers are high risk & offer no collateral. Bright House's demise will leave a gaping hole for their customer base   Interesting take on a company like that, yes shame about anyone losing their job. From their marketing i'd disagree with decent simply as they were targeting people in a certain demographic making them purchase products they usually don't need and way above the price range they should buy. I used to work for a debt management company (admittedly a scummy job looking back) and the amount of Bight House stuff on people's plans was horrendous. Usually it wasn't just a bog standard washing machine or other such necessities but high end TV's or sofas which were far above what would really have been needed. I even had clients balk at me when I suggested down grading to a cheap 14 inch TV that it wasn't good enough for their kids. As for the debt, although most won't realise and many won't be told they could, the debt being sold does mean they can get cheaper payment plans if they persist or if in a position too (which I doubt) pay it off in one lump for a discount. Been an interesting morning on the other side of the world. Been reading one of the Vietnamese news sites using translate. Turns out its basically the Vietnamese version of The Sun. Two articles caught my attention, one saying basically the everyone in the UK was still wondering around, crowding out trains in London etc and the other was a home based one which had used photos from Nha Trang beach making it look packed at the weekend however someone I follow on Instagram who lives there proved these photos were taken about a year ago and the whole thing was fabricated as a scare tactic!  Quote Link to comment Share on other sites More sharing options...
Max Power Posted March 31, 2020 Share Posted March 31, 2020 Vintage MPDTT. Just horrible. Quote Link to comment Share on other sites More sharing options...
MPDTT Posted March 31, 2020 Share Posted March 31, 2020 (edited) 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 March 31, 2020 by MPDTT Quote Link to comment Share on other sites More sharing options...
Paid Members Hannibal Scorch Posted March 31, 2020 Paid Members Share Posted March 31, 2020 1 hour ago, MPDTT said: I'm sorry, Should have just stopped there Quote Link to comment Share on other sites More sharing options...
Moderators PowerButchi Posted March 31, 2020 Moderators Share Posted March 31, 2020 (edited) 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 March 31, 2020 by PowerButchi Quote Link to comment Share on other sites More sharing options...
Paid Members tiger_rick Posted March 31, 2020 Paid Members Share Posted March 31, 2020 (edited) 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 March 31, 2020 by tiger_rick Quote Link to comment Share on other sites More sharing options...
Moderators PowerButchi Posted March 31, 2020 Moderators Share Posted March 31, 2020 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. Quote Link to comment Share on other sites More sharing options...
Paid Members tiger_rick Posted March 31, 2020 Paid Members Share Posted March 31, 2020 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. Quote Link to comment Share on other sites More sharing options...
Factotum Posted March 31, 2020 Share Posted March 31, 2020 Must say Newcastle and Spurs cutting the wages of the non playing staff by 20% has enraged me this morning. Quote Link to comment Share on other sites More sharing options...
SuperBacon Posted March 31, 2020 Share Posted March 31, 2020 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) Quote Link to comment Share on other sites More sharing options...
Steve Justice Posted March 31, 2020 Share Posted March 31, 2020 And JK Rowling. Quote Link to comment Share on other sites More sharing options...
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