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Daily Mirror
Daily Mirror
Business
Sam Barker

BrightHouse customers set to lose thousands on mis-sold loans after collapse

Thousands of customers of failed rent-to-own firm BrightHouse are unlikely to get any money back, administrators have warned.

BrightHouse offered loans for expensive items like white goods and sofas, which consumers then paid back with interest of up to 99.9% .

In 2017 BrightHouse was ordered to pay back £14.8million to customers after the Financial Conduct Authority (FCA) found it had treated customers unfairly.

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