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 Instead, it’s been replaced by: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.”