{"id":28607,"date":"2016-10-05T00:54:53","date_gmt":"2016-10-04T17:54:53","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/brighthouse-admits-affordability-checks-are-hurting-business-model\/"},"modified":"2016-10-05T01:01:53","modified_gmt":"2016-10-04T18:01:53","slug":"brighthouse-admits-affordability-checks-are-hurting-business-model","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/brighthouse-admits-affordability-checks-are-hurting-business-model\/","title":{"rendered":"BrightHouse admits affordability checks are hurting business model"},"content":{"rendered":"


\nRent-to-own firm says more detailed checks on shoppers\u2019 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\u2019 finances were having a material impact on the number of customers signing contracts and hurting profits. Continue reading…
\n
\nSource : theguardian.com
\nRead more…BrightHouse admits affordability checks are hurting business model<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rent-to-own firm says more detailed checks on shoppers\u2019 finances in line with FCA standards are...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-28607","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7rp","jetpack-related-posts":[{"id":69912,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rent-to-own-retailer-brighthouse-ordered-to-repay-14-8m-to-customers\/","url_meta":{"origin":28607,"position":0},"title":"Rent-to-own retailer BrightHouse ordered to repay \u00a314.8m to customers","date":"October 24, 2017","format":false,"excerpt":"\r Financial Conduct Authority says company supplying household goods on high-cost credit has not been \u2018a responsible lender\u2019Britain\u2019s biggest rent-to-own retailer, BrightHouse, faces a \u00a314.8m bill to compensate nearly 250,000 customers as part of a clampdown on the sector by Britain\u2019s financial regulator.The Financial Conduct Authority has ordered the company\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70274,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/at-last-its-payback-time-for-brighthouse\/","url_meta":{"origin":28607,"position":1},"title":"At last, it\u2019s payback time for BrightHouse","date":"October 28, 2017","format":false,"excerpt":"\r A \u00a3600 computer can cost \u00a32,000. But now the rent-to-own retailer has to repay \u00a314.8m to customersFor hard-pressed families wanting household goods, the monthly payments at electricals store BrightHouse can be tempting. But extraordinary interest payments can mean a \u00a3600 computer at Currys costs more than \u00a32,000 at BrightHouse,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42945,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/brighthouse\/","url_meta":{"origin":28607,"position":2},"title":"BrightHouse","date":"February 5, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...BrightHouse","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71202,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rent-should-count-towards-credit-ratings-letters\/","url_meta":{"origin":28607,"position":3},"title":"Rent should count towards credit ratings | Letters","date":"November 8, 2017","format":false,"excerpt":"\r How many people realise that their rental payment history could help them access more affordable credit, asks the Big Issue founder John BirdBrightHouse say they offer choice to those excluded from mainstream credit (At last, it\u2019s payback time for BrightHouse, 28 October). \u201cAs long as it\u2019s affordable and people\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30205,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/predatory-funds-circling-brighthouse\/","url_meta":{"origin":28607,"position":4},"title":"Predatory funds circling BrightHouse","date":"October 16, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Predatory funds circling BrightHouse","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67688,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/brighthouse-hoists-for-sale-sign-amid-financial-woes\/","url_meta":{"origin":28607,"position":5},"title":"Brighthouse hoists 'for sale' sign amid financial woes","date":"September 28, 2017","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Brighthouse hoists 'for sale' sign amid financial woes","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/28607"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=28607"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/28607\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=28607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=28607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=28607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}