Door step lending - provident

Puddylove

sourcrates wrote: »

This is exactly my point, sometimes needs must.

I think there's a difference between a need and a want though.

So you NEED clean clothes, but you WANT a brand new washing machine whereas a secondhand one would be fine.

And I am worried by the alacrity with which posters are encouraged to view lenders as evil and not to repay debt. This will just make it harder for poor people to get any credit in future.

Living within your means is the best plan, I think.

To add - I have every sympathy for those people who can't pay due to health issues, and think there should be better support for them.

sourcrates

Puddylove wrote: »

I think there's a difference between a need and a want though.

So you NEED clean clothes, but you WANT a brand new washing machine whereas a secondhand one would be fine.

And I am worried by the alacrity with which posters are encouraged to view lenders as evil and not to repay debt. This will just make it harder for poor people to get any credit in future.

Living within your means is the best plan, I think.

To add - I have every sympathy for those people who can't pay due to health issues, and think there should be better support for them.

Indeed it is puddy my love x

System

sourcrates wrote: »

No, you missunderstand me, my point is you should not berate people for choosing to use bright house, benetfits tend to be paid mostly, on a weekly, or fortnightly basis, this makes up the demographic of bright house customers in a lot of cases, it’s not the only way for most, but for some it might well be.

Other than a 10 month period in 2017 I've spent the entirety of my 30 years working being paid weekly so that's no excuse.

People should be berated for using a company that inflates the ticket price then whacks massive interest on so you end up repaying three or four times what you can go buy the same product for from any other high street retailer. As a board guide on the Debt Free Wannabe forum I find it beyond incredulous that you can defend in any way, shape or form someone using Brighthouse. Have you ever actually looked at their site? Clearly not so here's an example.

Example: Playstation 4 slim 1TB with Fifa 18 game: £259 at Currys.

Brighthouse deal:
Product Price £559.79 (so it is already over twice what it costs in Currys)
Weekly payment £9.00
Delivery and Installation £0.00
Product Price Including Delivery & Installation £559.79
Number of weeks 130
Annual Fixed Interest Rate / Representative APR++ 99.9%
Total payable £1170.00

So they're taking an item that is £259 at Currys and more than doubling the price. They're then giving finance on that over inflated price at 99.9% APR so the total you pay is FOUR AND A HALF TIMES MORE than you can buy it for from Currys. But hey its only £9 a week so all good eh?

You have to be a completely financially braindead halfwit who shouldn't be allowed to be in control of their own money to use Brighthouse.

sourcrates

Tarambor wrote: »

You have to be a completely financially braindead halfwit who shouldn't be allowed to be in control of their own money to use Brighthouse.

Yes, i`ve looked at their site, yes i`m aware they charge massive interest, i don't like there business model any more than you do, and personally i would not touch them with a barge pole.

But what if your a single mum, 19, barely managing to scrape by on a zero hours contract job if shes lucky, or like most, on benefits, and you just don't have the money to buy a cot for your baby, as at present she`s sleeping on the floor, you have no friends or family you can turn to, and the social want your life history to get a crisis loan.

These are the kind of people that are attracted to companies such as BH, you said it yourself, "only £9 a week" that's the magic number, a new cot £9 a week, telly, £9 a week, cooker and fridge also £9 a week, yes to you and me, and any other rational thinking person, its madness, but when you have no money, you tend to do desperate things.

Simply insulting such people as this helps no one.

Nic-c sums it up nicely in post #11#, i suspect Nic-c is a debt advisor, as his/her advice is always constructive and never insulting to anyone.

sourcrates

Tarambor wrote: »

As a board guide on the Debt Free Wannabe forum I find it beyond incredulous that you can defend in any way, shape or form someone using Brighthouse.

I would defend anyone against someone whose tactics are to belittle or berate others, due to the choices they have made in life, good or bad.

Being a board guide is a choice i make to help and assist others, it does not mean i cannot express an opinion, (read my signature).

Samsung_Note2

Puddylove wrote: »

There is nothing wrong with buying, or better still being given, second hand or refurbished goods. It allows you to meet the need while you save up for a new item, if that's what you decide to do.

When I split with my ex I owed £25k or thereabouts and I have a secondhand sofa, an old carpet from my parents' dining room circa 1970, a refurbished Vax (cost £25), etc.

This allowed me to repay the debt, and save. Plus, it's better for the planet to recycle/use secondhand. No shame in it, no lack of aspiration. Just a refusal to get trapped by debt pressures due to consumer society pressures.

Happy New Year!

Totally agree...just imagine if we never recycled partners,be a huge amount of wastage and lots of good older models that are perfectly serviceable but left on life's scrap heap.:eek::D

It is New Years day..:beer:

takman

nic_c wrote: »

Getting things through brighthouse is shocking you pay far more than the goods are worth, but you are thinking in a different mindset to those who use such services. Items are touted on a weekly cost rather than the total you will pay for them (I know that information is there), but many won't be able to get funds to pay outright for a second hand goods whatever the source. They know what they get a week and what they can afford, I doubt you will get anyone on facebook willing to part with goods on promise they'll get a fiver a week or such.

sourcrates wrote: »

Yes, i've looked at their site, yes i`m aware they charge massive interest, i don't like there business model any more than you do, and personally i would not touch them with a barge pole.

But what if your a single mum, 19, barely managing to scrape by on a zero hours contract job if shes lucky, or like most, on benefits, and you just don't have the money to buy a cot for your baby, as at present she`s sleeping on the floor, you have no friends or family you can turn to, and the social want your life history to get a crisis loan.

These are the kind of people that are attracted to companies such as BH, you said it yourself, "only £9 a week" that's the magic number, a new cot £9 a week, telly, £9 a week, cooker and fridge also £9 a week, yes to you and me, and any other rational thinking person, its madness, but when you have no money, you tend to do desperate things.

Simply insulting such people as this helps no one.

Nic-c sums it up nicely in post #11#, i suspect Nic-c is a debt advisor, as his/her advice is always constructive and never insulting to anyone.

I understand both your points and in the kind of extreme situation your talking about then most people would do anything to get a cot for their baby. But i have seen many posts on facebook on local groups for people who are moving into a new house after having a baby and are asking for everything for free or really cheap. This usually results in alot of generous offers from people offering decent goods. I myself have given away things one example is an old CRT TV which had nothing wrong with it but i just replaced it with a new one, they get a free TV and i didn't have the hassle of disposing of it so it's win win and many people do this.

I'm not insulting anyone i just think when your on here saying that second hand goods are "tat" and a load of rubbish then it's not very considerate to the people who buy these second hand goods to save money.

Alot of people seem to think that only brand new goods are decent and anything second hand is not acceptable and this is what drives people to brighthouse when they could afford quality second hand goods. I can't think of any situation where someone would "Need" a brand new 50" TV and PS4 and i don't see any problem with saying how much they are paying over the odds for it and explaining if they save that much money each week they could get it far cheaper and have enough money for it in less than a year compared to paying it for 3 years with brighthouse for example.

sourcrates

its sometimes difficult to cover all the bases on a forum such as this, not all second hand goods are tat, obviously, I’m just saying things are not always as black and white as people like to think they are, yes some folk are irrisponcible in what they purchase, but there are usually reasons why they do the things they do, not always good reasons, but reasons non the less.

Having kids for instance, all there mates have the latest tech, they want it to, peer pressure can be horrible these days for some kids, the parents can’t afford it, so they go to BH, peace at home and school maybe worth more than knowing there been overcharged, it’s not ideal, but to me it’s understandable.

System

sourcrates wrote: »

But what if your a single mum, 19, barely managing to scrape by on a zero hours contract job if shes lucky, or like most, on benefits, and you just don't have the money to buy a cot for your baby, as at present she`s sleeping on the floor, you have no friends or family you can turn to, and the social want your life history to get a crisis loan.

A situation that isn't going to happen because apart from the fact they'll be getting £4500 a year in child benefit and child tax credit they can get a crisis loan from the DWP.

System

sourcrates wrote: »

Having kids for instance, all there mates have the latest tech, they want it to, peer pressure can be horrible these days for some kids, the parents can’t afford it, so they go to BH, peace at home and school maybe worth more than knowing there been overcharged, it’s not ideal, but to me it’s understandable.

Its completely stupid especially when they end up then having to use food banks because they can't afford to eat. But hey at least little Johnny has his iPhone X. Shame he's got no shoes and goes to school in rags on an empty stomach though and the bailiffs turn up a few months down the line and take the phone back.