Why are Bright House such a rip off? Charge 4 times as much for a PS4.

38
Found 10th Aug 2014
Just a example here

PS4 + The Last of US = £375 - 10% tesco coupon = £346.5

Bright house

brighthouse.co.uk/pro…le/

PS4 + The last of us = £1352 = 3.9 Times more expensive? So 4 times as much?

Why are the prices so high, I know its due to the 70% APR.
But the console on its own is £800 just on its own for delivery, installation and a years warranty.
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Because everything is bought via credit and mostly by those on low incomes or deemed a high risk
because its the only place BAD CREDIT RISK can get things they CANT AFFORD.......AND DONT NEED?
Thats how they make their profit margin
oh and before I get slated. this is something I have first hand knowledge of (and I don't mean I was a customer!)
They take advantage of the vulnerable, Making them even worse off. I hate companies like that but people need to be more responsible. Sadly their is a market for them.
Original Poster Banned
simplyjimbo

Because everything is bought via credit and mostly by those on low … Because everything is bought via credit and mostly by those on low incomes or deemed a high risk


scooby_me

because its the only place BAD CREDIT RISK can get things they CANT … because its the only place BAD CREDIT RISK can get things they CANT AFFORD.......AND DONT NEED?



How do people get a bad credit risk?
And are they (the buyers) not smart enough to see that there are cheaper options?

Such as a PS4 advertised at £13 per week for 104 weeks?

The people could just save up slowly to get one without the added costs.
ferds

How do people get a bad credit risk?.



People who late bill payers, don't pay bills at all, have no security, low income the list goes on.
simplyjimbo

Because everything is bought via credit and mostly by those on low … Because everything is bought via credit and mostly by those on low incomes or deemed a high risk

scooby_me

because its the only place BAD CREDIT RISK can get things they CANT … because its the only place BAD CREDIT RISK can get things they CANT AFFORD.......AND DONT NEED?




Bad credit - missed payments, bad debt, no income, etc...

They want it NOW - they wont save as they live for short-term (sweeping generalisation I know..... oh well!)
unfortunately there will always be people that NEED baby food and clothing/furniture....but actually come home with a 50" TV a PlayStation and a big ass stereo.

and they prey on them, and when you stop paying the call you daily and hassle all the people you put as references..

look at the locations of there stores, do you see any in Knightsbridge? or any affluent areas?

These places are worse that payday loans/loan sharks.
Original Poster Banned
scooby_me

unfortunately there will always be people that NEED baby food and … unfortunately there will always be people that NEED baby food and clothing/furniture....but actually come home with a 50" TV a PlayStation and a big ass stereo.



That image makes me fell like these shops are like the sort of people who harass the elderly into buying things they do not need, the ones you see on rogue traders. Are there any laws to prevent people overpaying.

I passed one of these shops in a low income area once, (I reserved a item in Argos).
The shop said "We will match any Price", so surely people could just ask to match local prices?
I don't condone such practices but it is after all a high risk business they are involved in.

I do not know the figures and I have not even tried to find them but the % of non-payers will be very high, therefor they have to factor this into their margins.

They are basically charging the good payers extra to cover the costs of the ones that do a runner.

It is a harsh world but these people who purchase from Bright House & Perfect Home know exactly what they are signing for, bigger fool them to be honest.
Edited by: "NEtech" 10th Aug 2014
One can simply be given a bad credit rating due to the area they live in. If a person on a very low income has a child that wants a games console or tv for their bedroom or whatever and the person can't get any other credit and feel guilty already for not being able to take their child on holidays, trips to the cinema or bowling and other treats, they may well feel emotionally blackmailed into using a company such as Bright House (or Crazy George's several years ago) and pay it up in affordable weekly instalments. The vast majority of the customers are well aware that they are paying three or four times the real price and are not happy about it, but they have no other choice if they want to buy the item. Of course there will be people daft enough to buy a 60 inch tv etc, but for the majority of their customers, it's preying on those that can't afford any other option. If you are the mum of two young kids, on a very tight budget and your washing machine breaks, going to the launderette costs a fortune and you can end up sucked into this too, paying about £1200 in the end for a basic machine that would cost you £300 in Currys or wherever.

The shops know fine well that they have these customers over a barrel and that is why they charge so much - they simply know they can get away with it. The customers being "bad risks" isn't a decent excuse as most people pay for their item and those that don't get the heavies round VERY QUICKLY to repossess the items. I clearly recall seeing a couch in a local "Crazy George" shop years ago for sale with "Previously Loved..." on the label. I was disgusted by it, as someone may well have already paid more than the value of the couch for over a year before getting into difficulty and having it taken away, leaving them with nothing. To call it "previously loved" just left such a bad taste in my mouth.

I used to run a catalogue for some people I knew locally to be able to buy things without resorting to these shops. Only ONE out of about 30 people did a runner and didnt finish paying.
Edited by: "therealslimkaty" 10th Aug 2014
BrightHouse is for idiots. Why would anyone pay £1352 for a PS4 and TLOS? lol.
Because it's for people who are on benefits.
live within your means

exactly the same as these companies that advertise loans on TV with 1900+% APR

it should be banned, because most of the people who use these sort of companies do not have the financial intelligence to realize what they are signing up for
therealslimkaty

The vast majority of the customers are well aware that they are paying … The vast majority of the customers are well aware that they are paying three or four times the real price and are not happy about it, but they have no other choice if they want to buy the item.



Are you for real? What happened to saving up? It's a mad world we live in, where people "have no choice" but to pay over £1k for PS4 instead of saving up £300 to get it.
MissyTrouble

Are you for real? What happened to saving up? It's a mad world we live … Are you for real? What happened to saving up? It's a mad world we live in, where people "have no choice" but to pay over £1k for PS4 instead of saving up £300 to get it.



Yes i'm for real, how rude. Some people can't save up, eg. those that don't have a landlord to decorate their house, or chip in for new flooring etc.
Original Poster Banned
I think saving up should be encouraged for non necessary goods.

E.g. If the PS4 is being released in November 2013, and announced in June 2013.
Save up £15 a week for 6 months and they buy one.

If you want a new TV, if you have space for a 60 Inch Sony Plasma Smart TV, you should have the money.
32 Inches is enough and can be picked up for about £130 for a 720p HD ready one.
You never need a pre-built smart TV, there are boxes for that such as NOW TV which do the same job for £10.
Save up £20 a week, 7 weeks and then its yours.


People need to know that luxuries are not necessities.

The most important devises needed are:
A fridge, Washing Machine and Fire Alarm.

If any of those fail, just get a used one (maybe not the alarm), for a low price (<£50), then start saving.

As a teenager, We had a broken TV for 4 months until we saved up for a new 45 inch TV worth £600 :).
For those 4 months we had a Sony CRT TV we found in a local dump :(.


Edited by: "ferds" 11th Aug 2014
therealslimkaty

Yes i'm for real, how rude. Some people can't save up, eg. those that … Yes i'm for real, how rude. Some people can't save up, eg. those that don't have a landlord to decorate their house, or chip in for new flooring etc.




Wow. I'm speechless. If they can't save then maybe they should focus on finding another job rather than getting in debt for a PS4.
Let's not slate everyone who can't get credit it's not always due to being a bad or non payer. Many years ago when I tried to get my 1st contract mobile I was refused the credit simply because I had never had debt, I had to get my mum to get the contract then transfer it to me to start my credit rating, I lived by the moto if you don't have it (money) then don't buy it.
ferds

I think saving up should be encouraged for non necessary goods.E.g. If … I think saving up should be encouraged for non necessary goods.E.g. If the PS4 is being released in November 2013, and announced in June 2014.Save up £15 a week for 6 months and they buy one.



Why would it be announced seven months after the date of release?
fanpages

Why would it be announced seven months after the date of release?



http://i587.photobucket.com/albums/ss313/Jimmibabby/GIFs/tumblr_lkjtajXz5q1qdq0s0.gif
This thread's journey was so predictable.
Mandz27

Let's not slate everyone who can't get credit it's not always due to … Let's not slate everyone who can't get credit it's not always due to being a bad or non payer. Many years ago when I tried to get my 1st contract mobile I was refused the credit simply because I had never had debt, I had to get my mum to get the contract then transfer it to me to start my credit rating, I lived by the moto if you don't have it (money) then don't buy it.



I agree with this and have seen it many times, including people who are very solvent. So not just problematic payers who can be refused credit but I doubt such people would go to Brighthouse though
therealslimkaty

Yes i'm for real, how rude. Some people can't save up, eg. those that … Yes i'm for real, how rude. Some people can't save up, eg. those that don't have a landlord to decorate their house, or chip in for new flooring etc.



Sorry, but this doesn't make any sense. How can someone be unable to choose to put £10 in a piggy bank each week, but is able to choose to pay £40 to a debt company instead?
deleted57959

ALso if your on benefits, the government does a budgeting loan, where you … ALso if your on benefits, the government does a budgeting loan, where you can borrow moneyup to £800 if your a family and repay a bit a week, this is for emergencies etc, not really or PS4's but i suppose your better getting one of these than using brighthouse.



Budgeting loans are not that easy to get. In fact they can be very difficult to get. it annoys me when people state things like this then others that have never been in the situation, just believe it to be the case.

on bare benefits it's almost impossible to put money away every week. A lot of people struggle and pay money into a voucher club so that they do not get into debt for Christmas, so that when something else comes up, it's impossible to pay. Unless one has been in the situation with nobody to help out, you don't understand how difficult it can be.

People can mock at what i said all they want, they clearly have never been in the position. I would like to make it clear that i have NEVER bought anything from these shops as I hate how much of a rip off they are, preying on the poorest sections of society. However, I was explaining WHY people use them. So snidey "are you for real??" comments can go jump in the lake.
Roger and out. oO
deleted57959

This is 100% not true! Credit files are stored by Experian, Equifax and … This is 100% not true! Credit files are stored by Experian, Equifax and Call Credit (being the main 3) everyone is judge on their credit history, their ability to repay loans and HP debts, as well as other debts like mobile contracts.I worked for LIttlewoods a long time ago in the debt collection department, and the number one myth was....My House is Black Listed or my street is in bad credit. its not your address or area thats judged its YOU! and there is no BLACK LIST..people will cry anything to not take responsibility..



I know for a fact that you are wrong, as I was once refused a catalogue because my whole STREET had been blacklisted, due to having a lot of bad debtors in it. It was only after I kept harping on at them and proving I had a good credit record etc that I eventually got it. I also know countless people that were refused credit becasue their address had been blocked. Six flats in one building, and one person blacklisted affected the whole building. Perhaps this has changed now, but this definitely used to be the case. Maybe not for Littlewoods specifically but for lots of other companies.
deeky

This thread's journey was so predictable.



As are you. Always.
therealslimkaty

As are you. Always.



Have I done something to upset you or something? As far as I'm aware we have never interacted yet you seem hell-bent on picking a fight with me.
Banned
Cause they spotted a gap in the market and are milking it for what it's worth.

Target market: those in society who have rubbish credit and use their benefits to buy a plasma tv rather than finding a job and saving like the rest of working society.
simplyjimbo

I agree with this and have seen it many times, including people who are … I agree with this and have seen it many times, including people who are very solvent. So not just problematic payers who can be refused credit but I doubt such people would go to Brighthouse though



Yeah I wouldn't go near brighthouse either it's daylight robbery
therealslimkaty

Budgeting loans are not that easy to get. In fact they can be very … Budgeting loans are not that easy to get. In fact they can be very difficult to get. it annoys me when people state things like this then others that have never been in the situation, just believe it to be the case. on bare benefits it's almost impossible to put money away every week. A lot of people struggle and pay money into a voucher club so that they do not get into debt for Christmas, so that when something else comes up, it's impossible to pay. Unless one has been in the situation with nobody to help out, you don't understand how difficult it can be. People can mock at what i said all they want, they clearly have never been in the position. I would like to make it clear that i have NEVER bought anything from these shops as I hate how much of a rip off they are, preying on the poorest sections of society. However, I was explaining WHY people use them. So snidey "are you for real??" comments can go jump in the lake. Roger and out. oO



So if it's impossible to put money aside every week how is it possible to pay brighthouse every week?
These shops , loan sharks , payday loan companies etc ..... i stand back and admire sometimes, just wish i would of thought of the idea myself.
deleted57959

The catalogue company could not inform you of your neighbours credit, … The catalogue company could not inform you of your neighbours credit, Data Protection Law prevents that.I am sorry but you are speaking rubbish about blacklists, they have never existed, they do not exist, if you were refused it was based on your financial situation and any financial associates. not being on the electoral roll is main factor to refusal as well.also show me the fact you have that i am wrong,http://www.thisismoney.co.uk/money/cardsloans/article-2514374/Credit-rating-myths-Can-bad-history-REALLY-blacklist.htmlread that.



Yep, you're absolutely correct - individuals are credit scored based on their own financial history and anyone they're financially linked to (through a joint mortgage or joint bank account). Addresses are not blacklisted and the credit worthiness of previous occupants has absolutely no effect on the credit worthiness of current occupants. Experian, one of the main credit rating companies agree entirely with your link:

experian.co.uk/con…tml

John
you put money away and when you have enough you buy what you want...radical idea but who knows it might catch on
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