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Challenging Weekly Payment Stores

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It’s Time to Stop Blaming the Victims

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February 24, 2017 Comments (0) Views: 274 About Us, In the Media

Community Interest Company Regulator Blog


We are on the Community Interest Company Regulator blog

CEO Angela Clements tells us why she set up Fair for You CIC the way she has:

“I couldn’t just sit there, I had to do something

This affordable credit model has been around for years; indeed, your parents may have used catalogue credit when you were growing up. Yet this form of affordable credit, has dried up.  Instead, it’s been replaced by:

  • high street or on-line stores offering a form of HP
  • or a loan, at eye-watering interest rates and fees

For example, an item with a price tag of £37.50 will cost you a staggering £390 when bought over 3 years.

Against that background, I decided to do something, and set-up Fair for You Enterprise as  a CIC.”


 

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