BrightHouse Offer People New Finance Options
BrightHouse the nationwide retail chain who specialise in the sale of home televisions and electrical appliances, sofas and other furniture and related products is proud of its relationship with Rays of Sunshine Children’s Charity.
Brighthouse help the charity make life easier for children with life threatening illnesses, purchase equipment for those children as well as indispensible equipment for the hospitals and schools that look after them. Over the last three years they have garnered support from a number of corporate including British Airways and Next. In 2008 BrightHouse became the charity’s largest corporate sponsor. This has been made possible by the growth of the business in general.
A more common thing people are current seeing is that one of the highest growth genres of lending is ‘buy now pay later’ finance available in major retailers such as BrightHouse. People utilizing all of low or no interest deals are buying prudently and making their hard earned money go further by paying for the cost of procely essentials such as sofas and consumer products over a period of time. With the reduction in peoples spending, it seems that every shop is getting in on the act and offering tempting finance deals.
BrightHouse was spun off from Thorn-EMI, the owner of Radio Rentals, by Terra Firma, Guy Hands’s private equity group. It gained infamy for very high APRs and expensive compulsory extra cover. Todaythe chain is on the front foot, trying to clean up both its shops and its name as it embarks on a very ambitious growth programme. It plans to inaugurate 21 branches next year and estimates that there is room for at least 600.
It’s important that Brighthouse bare in mind that Many of the larger credit card companies have been taking flak recently for some of the over the top interest rates and tricks employed to suck every last cent out of their customers. Brighthouse do not want to be percieved as doing the same thing. The internet has given credit card companies a new challenge to deal with as consumers now have much better knowledge of different rates and charges and can all too easily and quickly find a better deal, you no longer need to have the business knowledge of a top financier to avoid such pitfalls.
