Property News · October 24, 2017

Rent-to-own retailer BrightHouse ordered to repay £14.8m to customers


Financial Conduct Authority says company supplying household goods on high-cost credit has not been ‘a responsible lender’Britain’s biggest rent-to-own retailer, BrightHouse, faces a £14.8m bill to compensate nearly 250,000 customers as part of a clampdown on the sector by Britain’s financial regulator.The Financial Conduct Authority has ordered the company – which supplies household goods such as TVs and washing machines on high-cost credit to people who cannot access more usual credit facilities – to pay £14.8m to 249,000 customers. Continue reading…

Source : theguardian.com
Read more…Rent-to-own retailer BrightHouse ordered to repay £14.8m to customers

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