If your credit rating is not great, there’s a new alternative to high cost weekly payment stores.
If you’re looking to borrow money to buy an essential household item such as a washing machine or cooker, items for the home or your baby, it might be worth checking out Fair for You. Barnet Homes is not actively recommending Fair for You, we are providing information which may be useful if you are finding it difficult to borrow money due to a poor credit rating.
Fair for You is a not for profit organisation which provides loans to people to buy household items, which can be repaid weekly, fortnightly or monthly. Everyone is considered individually, and loans are based on affordability and payment history, not a perfect credit file.
Fair for You attempts to challenge the high cost rent-to-own stores in the high street and on-line, as well as high cost, short-term lenders. It provides a cheaper alternative with lower interest rates, monthly best buys and great deals with companies such as Hotpoint, Indesit and Whirlpool, as well an ever-expanding range of household furniture and baby items.
However, Barnet Homes would always advise you to check out a range of competitive prices and representative APR rates. For example, Fair for You’s representative APR rate of 42.6% is higher than a well-known high street retailer (24.9%), but lower than a high street rent-to-own store (69.9%).
Fair for You offers:
- Top brands
- Low weekly payments – you choose the amount
- No hidden costs – all costs include FREE delivery
- They’ll take away your old appliance for free
- 3% per month – representative 42.6% APR
Although Fair for You is a new company, they have been getting great feedback on their Facebook page https://www.facebook.com/fairforyoucic/timeline, and their Trust Pilot reviews https://uk.trustpilot.com/review/fairforyou.co.uk
Visit their website to browse through a range of online shops, apply online and get a quick decision on your loan application – usually within 24 hours.
The Fair for You team will contact you to make sure you’re happy with the arrangement and once confirmed, your item will be delivered for free usually within 72 hours.
You can find out more by going to www.fairforyou.co.uk.