Property News · October 5, 2016

BrightHouse admits affordability checks are hurting business model


Rent-to-own firm says more detailed checks on shoppers’ finances in line with FCA standards are hitting its profitsThe rent-to-own firm BrightHouse has admitted that running more rigorous affordability checks on potential customers is hurting its business model.The controversial retailer, which lets shoppers pay for goods in weekly instalments with annual interest rates of up to 99.9%, said that more detailed checks on shoppers’ finances were having a material impact on the number of customers signing contracts and hurting profits. Continue reading…

Source : theguardian.com
Read more…BrightHouse admits affordability checks are hurting business model

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