Property News · August 5, 2017

Socially responsible retailers aim to end the ‘rent-to-own’ rip-off


Fair for You is among the new breed of companies that are taking on pay-weekly retailers who target low-income familiesHow can the store chain BrightHouse get away with charging someone up to £1,560 for a washing machine when the exact same model can be bought elsewhere for £599?Perhaps it is examples like this that explain why the City watchdog this week tore a strip off “pay-weekly” retailers that target low-income families, saying it was concerned about the high costs and harmful consequences of this type of credit. Continue reading…

Source : theguardian.com
Read more…Socially responsible retailers aim to end the ‘rent-to-own’ rip-off

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