Fast application, decision and delivery

Fast...

Fast application, decision and delivery on all goods.

We work on affordability

Fair...

We work on affordability and consider all circumstances.

One simple weekly or monthly payment

Simple...

One simple weekly or monthly payment. No extras.

We continuously reward your loyalty

Rewarding...

Feel the love - we continuously reward your loyalty.

Apr 12

High-interest lender Loans at Home and rent-to-own firm PerfectHome follow BrightHouse into administration

In the middle of March, Loans at Home became the latest in the line of high-interest money lenders to go into administration. Following controversial guarantor lender TFS Loans (who went into administration in February), an independent review found that “there may have been harm to certain home credit customers” at Loans at Home.

The UK’s largest rent-to-own company, PerfectHome, also went into administration at the end of March. Lending people cash loans and credit agreements to purchase household goods at super high interest rates, PerfectHome met the same fate as BrightHouse – now having closed all of its UK stores. BrightHouse were ordered to pay £14.8 million to their customers in 2017 for unfair treatment.

Until buyers can be found for these companies, they can’t sell any more loans, but their borrowers still have to repay their debts. These lenders have been criticised by MPs for targeting the UK’s lowest-income households and being particularly predatory towards the most vulnerable.


How can hiya! help? How are we different?

If you were looking for a rent-to-own firm or lender to help you buy a TV, mobile phone, or tablet – we have a better solution!

Loans, lengthy credit agreements, and rent-to-own schemes that tie people into debt can have a serious effect on a household’s finances. We want to help people improve their financial situation, not make it worse. At hiya! we don’t believe that people on a low income shouldn’t be forced into debt just to make purchases. That’s why we offer the latest tech for as little as £3.49 a week on a pay-per-week rental basis…

We don’t have any upfront fees or extra charges (even for repairs), and we don’t carry out a credit score check because we know that a bad credit rating doesn’t always show what you can afford. Instead we have a look at your income to see if our weekly tech rentals fit into your budget. After your agreement ends, we reward loyalty with free upgrades at no additional cost or you can keep your tech with 80% off your weekly payments!

Most importantly, if you find yourself in financial trouble and unable to make your weekly payments, we won’t fine you. Instead, our friendly, non-judgemental team want to hear from you to see how we can help. We’ve also got money saving resources on hand to help you tackle your finances.

Fast. Fair. Simple. Rewarding.


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