Fairforyou: An affordable alternative to Brighthouse

Today sees the launch of Fairforyou – a new not-for-profit lending company, offering furniture and white goods at vastly cheaper prices than Brighthouse and other existing high cost lenders.

According to our independent cost comparison below, buying a Hotpoint fridge freezer will cost £584 from Fairforyou, compared with £1,326 from Brighthouse – an astonishing total cost saving of £742.

best buys FEB 2016

Fair for You aims to provide transparent and affordable credit for essential household items to families who do not have access to mainstream finance.  Established in 2015, Fair for You has carried out extensive market research among lower income households to develop affordable, flexible and responsible credit to meet their needs. Importantly, loans can be repaid early, with no penalty; customers are encouraged to overpay, which many do; and there are no added fees for missed payments. If Fair for You’s credit checks show affordability is an issue, applicants are encouraged to seek debt advice. Continue reading

Tackling the Poverty Premium: furniture

Food, Fuel, FinanceChurch Action on Poverty’s ‘Food, Fuel, Finance’ programme is looking for creative, grassroots ideas that can help people on low incomes to pay fair prices for everyday necessities. 

Over recent months we’ve uncovered all kinds of exciting projects and ideas in communities across the UK. We’re now reflecting on them all and considering how we can best help to share the approaches more widely. 

While we complete that process, we’d like to share with you some of the inspirational ideas we’ve been exploring, in a series of blogs. This post will look at projects which help people to pay fair prices for furniture and electrical goods.
(You can still read our previous posts about funeral poverty, food poverty and combined solutions.)

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Tackling the Poverty Premium: combined solutions

Food, Fuel, FinanceChurch Action on Poverty’s ‘Food, Fuel, Finance’ programme is looking for creative, grassroots ideas that can help people on low incomes to pay fair prices for everyday necessities. 

Over recent months we’ve uncovered all kinds of exciting projects and ideas in communities across the UK. We’re now reflecting on them all and considering how we can best help to share the approaches more widely. 

While we complete that process, we’d like to share with you some of the inspirational ideas we’ve been exploring, in a series of blogs. This post will look at community retail hubs – which aim to tackle several aspects of the Poverty Premiuj with one combined solution.
(You can still read our previous posts about funeral poverty and food poverty.)

Continue reading

Food, fuel, finance: how communities can tackle the Poverty Premium

Food, Fuel, Finance reportThis Monday (8 December), we launched our new report Food, Fuel, Finance at an event in Glasgow. The report gives an overview of how the ‘Poverty Premium’ affects people’s lives, and recommends action which could be taken to tackle this injustice, by the governments in Westminster and Edinburgh.

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