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Price cap for rent-to-own sector - MSE News

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Vulnerable customers who use rent-to-own firms will not pay more in interest than the cost of the original item from April, as part of new rules announced by the financial regulator today...
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'Price cap for rent-to-own sector'

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'Price cap for rent-to-own sector'

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This is great in theory but I suspect it could well drive these companies out of business which will then restrict where many people, on a limited budget, can buy new tech/white goods. Very much like cracking down on the pay day loans, morally the right thing to do, but not really offering an alternative for those who depended on them (no I'm not suggesting people depended on having a new TV every couple of years).
That shouldn't be possible...
Doesn't that mean they'll have to compare their prices with other retailers, rather than not being able to charge more than, say, Argos would for the same product?
Is it 24" TVs under £100 and basic washing machines under £200?
.withdrawal, NOT withdrawel ..bear with me, NOT bare with me
.definitely, NOT definately ......separate, NOT seperate
should have, NOT should of .....guaranteed, NOT guarenteed
Now I checked randomly rent2buytv.co.uk and yes, I see some basic stuff there, but I also see Panasonic TX49FX700 4K for £600 (other retailers).
.withdrawal, NOT withdrawel ..bear with me, NOT bare with me
.definitely, NOT definately ......separate, NOT seperate
should have, NOT should of .....guaranteed, NOT guarenteed
For a 25-year fixed-rate mortgage it's 6.4%.
I know, you can get it cheaper now, but FCA is supposed to be consistent and proactive.
.withdrawal, NOT withdrawel ..bear with me, NOT bare with me
.definitely, NOT definately ......separate, NOT seperate
should have, NOT should of .....guaranteed, NOT guarenteed