https://www.kentonline.co.uk/kent-bu...ration-224671/

how can a company that has been ripping scumbags off for years be going
bust ? ....

In article ,
Jim GM4DHJ ... wrote:
https://www.kentonline.co.uk/kent-bu...ration-224671/

how can a company that has been ripping scumbags off for years be going
bust ? ....

a frequent reason is tehnowner taking too much out.

--
from KT24 in Surrey, England
"I'd rather die of exhaustion than die of boredom" Thomas Carlyle

On 27/03/2020 15:12, Jim GM4DHJ ... wrote:
https://www.kentonline.co.uk/kent-bu...ration-224671/


how can a company that has been ripping scumbags off for years be going
bust ? ....

Selling on credit to people with a poor credit rating is not a good
business model. It is the same thing that caused to banking crisis.

--
Colin Bignell

On Friday, 27 March 2020 15:12:40 UTC, Jim GM4DHJ ... wrote:
https://www.kentonline.co.uk/kent-bu...ration-224671/
how can a company that has been ripping scumbags off for years be going
bust ? ....

"In 2017, it was ordered to pay almost 250,000 customers £14.8million in compensation after it failed to be a "responsible lender" according to the Financial Conduct Authority. Any collapse could reduce the amounts many are still waiting on."

That's convenient.

"And those who are currently paying off products bought via BrightHouse will have to continue to do so, with administrators likely to oversee the payments, with the loans likely to be sold on to another lender."

Brighthouse Two Limited, perhaps?

Owain

wrote:
On Friday, 27 March 2020 15:12:40 UTC, Jim GM4DHJ ... wrote:
https://www.kentonline.co.uk/kent-bu...ration-224671/
how can a company that has been ripping scumbags off for years be going
bust ? ....

"In 2017, it was ordered to pay almost 250,000 customers £14.8million in
compensation after it failed to be a "responsible lender" according to
the Financial Conduct Authority. Any collapse could reduce the amounts
many are still waiting on."

That's convenient.

"And those who are currently paying off products bought via BrightHouse
will have to continue to do so, with administrators likely to oversee the
payments, with the loans likely to be sold on to another lender."

Brighthouse Two Limited, perhaps?

BlightHouse.

--
M0TEY // STC
www.twitter.com/ukradioamateur

On 27/03/2020 17:40, Stephen Cole wrote:
wrote:
On Friday, 27 March 2020 15:12:40 UTC, Jim GM4DHJ ... wrote:
https://www.kentonline.co.uk/kent-bu...ration-224671/
how can a company that has been ripping scumbags off for years be going
bust ? ....

"In 2017, it was ordered to pay almost 250,000 customers £14.8million in
compensation after it failed to be a "responsible lender" according to
the Financial Conduct Authority. Any collapse could reduce the amounts
many are still waiting on."

That's convenient.

"And those who are currently paying off products bought via BrightHouse
will have to continue to do so, with administrators likely to oversee the
payments, with the loans likely to be sold on to another lender."

Brighthouse Two Limited, perhaps?

BlightHouse.

used to be shocked at their 29.9% APR but in the days of payday loans it
was much higher...

"Jim GM4DHJ ..." Wrote in message:
https://www.kentonline.co.uk/kent-bu...ration-224671/

how can a company that has been ripping scumbags off for years be going
bust ? ....


The answer is likely in your own link...

"Any collapse could reduce the (share of £14.8million total
refund) amounts many are still waiting on.
(From BH being found guilty of acting like sharks). (My parentheses)

And those who are currently paying off products bought via
BrightHouse will have to continue to do so, with administrators
likely to oversee the payments, with the loans likely to be sold
on to another lender."

Sleazy.

--
Jimk


----Android NewsGroup Reader----
http://usenet.sinaapp.com/

Wrote in message:
On Friday, 27 March 2020 15:12:40 UTC, Jim GM4DHJ ... wrote:
https://www.kentonline.co.uk/kent-bu...ration-224671/
how can a company that has been ripping scumbags off for years be going
bust ? ....

"In 2017, it was ordered to pay almost 250,000 customers £14.8million in compensation after it failed to be a "responsible lender" according to the Financial Conduct Authority. Any collapse could reduce the amounts many are still waiting on."

That's convenient.

"And those who are currently paying off products bought via BrightHouse will have to continue to do so, with administrators likely to oversee the payments, with the loans likely to be sold on to another lender."

Brighthouse Two Limited, perhaps?

Owain



Newer Brighter House LTD t/a Kerching!!
--
Jimk


----Android NewsGroup Reader----
http://usenet.sinaapp.com/

Jim GM4DHJ ... wrote

https://www.kentonline.co.uk/kent-bu...ration-224671/

how can a company that has been ripping scumbags off for years be going
bust ? ....

By not fooling enough of the stupids, stupid.

On Sat, 28 Mar 2020 09:31:55 +1100, cantankerous trolling geezer Rodent
Speed, the auto-contradicting senile sociopath, blabbered, again:

FLUSH senile Ozzietard's latest troll**** unread

--
Marland revealing the senile sociopath's pathology:
"You have mentioned Alexa in a couple of threads recently, it is not a real
woman you know even if it is the only thing with a Female name that stays
around around while you talk it to it.
Poor sad git who has to resort to Usenet and electronic devices for any
interaction as all real people run a mile to get away from from you boring
them to death."
MID:

"nightjar" wrote in message
...
On 27/03/2020 15:12, Jim GM4DHJ ... wrote:
https://www.kentonline.co.uk/kent-bu...ration-224671/
how can a company that has been ripping scumbags off for years be going
bust ? ....

Selling on credit to people with a poor credit rating is not a good
business model.

It can be, most obviously with credit cards.
You just have to ensure that you charge
them more than the default rate.

It is the same thing that caused to banking crisis.

Wrong. What caused that was the bundling and securetizing
of those mortgages and them getting AAA ratings that they
didnt even come close to qualifying for.

On 27/03/2020 22:31, Rod Speed wrote:
Jim GM4DHJ ... wrote

https://www.kentonline.co.uk/kent-bu...ration-224671/


how can a company that has been ripping scumbags off for years be
going bust ? ....

By not fooling enough of the stupids, stupid.
they have been foolling them stupid for years ...all they can see is the
low weekly payments

On Sat, 28 Mar 2020 14:40:51 +1100, cantankerous trolling geezer Rodent
Speed, the auto-contradicting senile sociopath, blabbered, again:

FLUSH the senile cretin's latest auto-contradicting

....nothing's left!

--
Richard addressing senile Rodent Speed:
"**** you're thick/pathetic excuse for a troll."
MID:

On Saturday, 28 March 2020 03:41:04 UTC, Rod Speed wrote:
"nightjar" wrote in message
...
On 27/03/2020 15:12, Jim GM4DHJ ... wrote:

https://www.kentonline.co.uk/kent-bu...ration-224671/
how can a company that has been ripping scumbags off for years be going
bust ? ....

Selling on credit to people with a poor credit rating is not a good
business model.

It can be, most obviously with credit cards.
You just have to ensure that you charge
them more than the default rate.

precisely. Amazing how many people don't get that


It is the same thing that caused to banking crisis.

Wrong. What caused that was the bundling and securetizing
of those mortgages and them getting AAA ratings that they
didnt even come close to qualifying for.

yup, and buyers believing them. Rod does get it right on the odd occasion. If only we could distill him so he shuts up the rest of the time.


NT