Brighthouse - Ideal for pensioners?
Discussion
Watch this video featuring Carol, a pensioner who's furnishings are supplied by Brighthouse:
https://www.youtube.com/watch?v=EW8gU7Kx8V0
I've seen the commercials like many of you in between episodes of Jezza on ITV.
I know how they make their money and they are very popular to low income families.
But... as alluded to in that video, does the Brighthouse 'model' offer a reasonable solution for pensioners struggling on low income?
Based on that advert, paying £3 a week for a new washing machine will be easier for a low income pensioner than coming up with £250 to buy it outright.
Anyone have elderly relatives/friends that use Brighthouse?
https://www.youtube.com/watch?v=EW8gU7Kx8V0
I've seen the commercials like many of you in between episodes of Jezza on ITV.
I know how they make their money and they are very popular to low income families.
But... as alluded to in that video, does the Brighthouse 'model' offer a reasonable solution for pensioners struggling on low income?
Based on that advert, paying £3 a week for a new washing machine will be easier for a low income pensioner than coming up with £250 to buy it outright.
Anyone have elderly relatives/friends that use Brighthouse?
JaredVannett said:
Watch this video featuring Carol, a pensioner who's furnishings are supplied by Brighthouse:
https://www.youtube.com/watch?v=EW8gU7Kx8V0
I've seen the commercials like many of you in between episodes of Jezza on ITV.
I know how they make their money and they are very popular to low income families.
But... as alluded to in that video, does the Brighthouse 'model' offer a reasonable solution for pensioners struggling on low income?
Based on that advert, paying £3 a week for a new washing machine will be easier for a low income pensioner than coming up with £250 to buy it outright.
Anyone have elderly relatives/friends that use Brighthouse?
I know some less financially astute people who use Brighthouse. If a relative were to consider using them (ie that strapped for cash) I would buy the telly for them myself and allow to pay back 0% over three years.https://www.youtube.com/watch?v=EW8gU7Kx8V0
I've seen the commercials like many of you in between episodes of Jezza on ITV.
I know how they make their money and they are very popular to low income families.
But... as alluded to in that video, does the Brighthouse 'model' offer a reasonable solution for pensioners struggling on low income?
Based on that advert, paying £3 a week for a new washing machine will be easier for a low income pensioner than coming up with £250 to buy it outright.
Anyone have elderly relatives/friends that use Brighthouse?
An example, Samsung 55" telly on Brighthouse will cost £1248 over three year (£8/ week)
Same telly on Amazon is £520 or (£3.33/ week to me)
Mike
Toaster said:
Lemming Train said:
People that use Brighthouse as OAPs will have always used Brighthouse because they've no money management abilities.
remember the there are only two stable financial types the ultra poor and the ultra rich everyone else in between is a big risk 4x4Tyke said:
They are a rip off and that video is blatant advertising.
Rip off for sure, see this washing machine example:https://www.youtube.com/watch?v=4JsyiNU1QIA
To be honest, Brighthouse are a leading argument for the Government to operate a procurement business for pensioners.
The £3/week is clearly coming from benefits payments for many and they are the group that can least afford to pay crippling interest rates but must do so because they are a financial liability.
What we should do as a country is have the Govt put in place a deal with reputable vendors that cover a range of key goods that are deemed to be not necessarily essential but appropriate for modern life that someone on benefits can buy and sign an agreement that sees the vendor paid by the State via direct deduction from the individual’s benefit payments. That charge would contain a modest uplift for interest and also insurance against death etc but it would allow the poorest pensioners to replace household goods at fair value as opposed to at twice the fair value.
The £3/week is clearly coming from benefits payments for many and they are the group that can least afford to pay crippling interest rates but must do so because they are a financial liability.
What we should do as a country is have the Govt put in place a deal with reputable vendors that cover a range of key goods that are deemed to be not necessarily essential but appropriate for modern life that someone on benefits can buy and sign an agreement that sees the vendor paid by the State via direct deduction from the individual’s benefit payments. That charge would contain a modest uplift for interest and also insurance against death etc but it would allow the poorest pensioners to replace household goods at fair value as opposed to at twice the fair value.
DonkeyApple said:
To be honest, Brighthouse are a leading argument for the Government to operate a procurement business for pensioners.
The £3/week is clearly coming from benefits payments for many and they are the group that can least afford to pay crippling interest rates but must do so because they are a financial liability.
What we should do as a country is have the Govt put in place a deal with reputable vendors that cover a range of key goods that are deemed to be not necessarily essential but appropriate for modern life that someone on benefits can buy and sign an agreement that sees the vendor paid by the State via direct deduction from the individual’s benefit payments. That charge would contain a modest uplift for interest and also insurance against death etc but it would allow the poorest pensioners to replace household goods at fair value as opposed to at twice the fair value.
Have you ever been party to a public sector procurement process?The £3/week is clearly coming from benefits payments for many and they are the group that can least afford to pay crippling interest rates but must do so because they are a financial liability.
What we should do as a country is have the Govt put in place a deal with reputable vendors that cover a range of key goods that are deemed to be not necessarily essential but appropriate for modern life that someone on benefits can buy and sign an agreement that sees the vendor paid by the State via direct deduction from the individual’s benefit payments. That charge would contain a modest uplift for interest and also insurance against death etc but it would allow the poorest pensioners to replace household goods at fair value as opposed to at twice the fair value.
mike9009 said:
I know some less financially astute people who use Brighthouse. If a relative were to consider using them (ie that strapped for cash) I would buy the telly for them myself and allow to pay back 0% over three years.
An example, Samsung 55" telly on Brighthouse will cost £1248 over three year (£8/ week)
Same telly on Amazon is £520 or (£3.33/ week to me)
Mike
Do people struggling on low incomes really buy 55" TVs?An example, Samsung 55" telly on Brighthouse will cost £1248 over three year (£8/ week)
Same telly on Amazon is £520 or (£3.33/ week to me)
Mike
Pothole said:
Have you ever been party to a public sector procurement process?
Indeed. Which is why you wouldn’t use it. What I meant was that a pensioner has a guaranteed monthly payment from the State. Essentially it is guaranteed so super low risk but this should give them purchasing power but it doesn’t. So they would shop at Govt approved retailers (Dixon’s etc) but as well as Dixon’s having an agreement with someone like Hitachi Finance for conventional low income customers they would have an additional finance agreement that was backed and paid by the State. Or deducted from the pension income at sourc. mike9009 said:
JaredVannett said:
Watch this video featuring Carol, a pensioner who's furnishings are supplied by Brighthouse:
https://www.youtube.com/watch?v=EW8gU7Kx8V0
I've seen the commercials like many of you in between episodes of Jezza on ITV.
I know how they make their money and they are very popular to low income families.
But... as alluded to in that video, does the Brighthouse 'model' offer a reasonable solution for pensioners struggling on low income?
Based on that advert, paying £3 a week for a new washing machine will be easier for a low income pensioner than coming up with £250 to buy it outright.
Anyone have elderly relatives/friends that use Brighthouse?
I know some less financially astute people who use Brighthouse. If a relative were to consider using them (ie that strapped for cash) I would buy the telly for them myself and allow to pay back 0% over three years.https://www.youtube.com/watch?v=EW8gU7Kx8V0
I've seen the commercials like many of you in between episodes of Jezza on ITV.
I know how they make their money and they are very popular to low income families.
But... as alluded to in that video, does the Brighthouse 'model' offer a reasonable solution for pensioners struggling on low income?
Based on that advert, paying £3 a week for a new washing machine will be easier for a low income pensioner than coming up with £250 to buy it outright.
Anyone have elderly relatives/friends that use Brighthouse?
An example, Samsung 55" telly on Brighthouse will cost £1248 over three year (£8/ week)
Same telly on Amazon is £520 or (£3.33/ week to me)
Mike
Jon39 said:
It looks as though the game might be over for Brighthouse.
I read (last weekend I think) they have either been fined, or had to pay so much compensation for mis-selling, that 'trouble' has arrived
.
Which is why I was wondering what happens to the folk that have agreements with them. My cunning plan was to do a chav and get some stuff to a house I have ownership of and then stop paying.
I thought one of those tellys with the lights on the back. A nice washing machine and a Tibo stereo hi-fi would do
TPSA7514 said:
Yes
Which is why I was wondering what happens to the folk that have agreements with them. My cunning plan was to do a chav and get some stuff to a house I have ownership of and then stop paying.
I thought one of those tellys with the lights on the back. A nice washing machine and a Tibo stereo hi-fi would do
As already posted above, the debt gets sold on rather than written off.Which is why I was wondering what happens to the folk that have agreements with them. My cunning plan was to do a chav and get some stuff to a house I have ownership of and then stop paying.
I thought one of those tellys with the lights on the back. A nice washing machine and a Tibo stereo hi-fi would do
However feel free to do as you suggest and let us know how it goes
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