kefkat
Vital Football Legend
Was shocked to find we had 1 of these shops in York. Yes people choice to use but, they are just another version of legal pay day lenders. It preys on people's misery
................................
The secret of BrightHouse's success
Marc Brown loves to shop at BrightHouse. Over the past couple of years, he has bought a television, two sofas and a hi-fi from the store, and today he has come in to buy two tablet computers, one for himself and one for his mother. With BrightHouse there is no need to pay straight away; instead, the price is divided into small weekly chunks, repayable over the next few years.
Since he began shopping with BrightHouse, his weekly payments have gradually notched up. Once the cost of the new tablets is added, Marc, 38, a former Southwark council employee who lost his job in 2007, will be paying BrightHouse £103 a week. He receives about £140 a week in benefits payments, leaving him £37 a week for everything else. "My mum helps with the bills," he says. His enthusiasm for the model is undented by the steep weekly charge. He likes the system for its "affordability".
In the post-recession reshaping of the British high street, there have been several notable winners: the payday lenders, betting shops and BrightHouse, supplier of TVs and sofas on credit, to people who cannot afford upfront payment.
Cont:
http://www.theguardian.com/society/2013/oct/04/brighthouse-consumer-poverty-high-street
................................
The secret of BrightHouse's success
Marc Brown loves to shop at BrightHouse. Over the past couple of years, he has bought a television, two sofas and a hi-fi from the store, and today he has come in to buy two tablet computers, one for himself and one for his mother. With BrightHouse there is no need to pay straight away; instead, the price is divided into small weekly chunks, repayable over the next few years.
Since he began shopping with BrightHouse, his weekly payments have gradually notched up. Once the cost of the new tablets is added, Marc, 38, a former Southwark council employee who lost his job in 2007, will be paying BrightHouse £103 a week. He receives about £140 a week in benefits payments, leaving him £37 a week for everything else. "My mum helps with the bills," he says. His enthusiasm for the model is undented by the steep weekly charge. He likes the system for its "affordability".
In the post-recession reshaping of the British high street, there have been several notable winners: the payday lenders, betting shops and BrightHouse, supplier of TVs and sofas on credit, to people who cannot afford upfront payment.
Cont:
http://www.theguardian.com/society/2013/oct/04/brighthouse-consumer-poverty-high-street