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Daily Mirror
Daily Mirror
Business
Sam Barker

Biggest rent-to-own firm PerfectHome collapses with thousands of customers affected

The UK's biggest rent-to-own firm, PerfectHome, has gone into administration, affecting thousands of customers.

The company lent customers money to buy household goods, which they paid off weekly with interest.

This sort of deal is commonly known as buying 'on the never-never'.

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