Rent-to-own firm PerfectHome collapses with thousands of customers affected

RENT-to-own firm PerfectHome has collapsed into administration, affecting thousands of customers.

The firm loans hard-up families cash to buy household goods which they then pay back with interest added on top.

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But the financial watchdog Financial Conduct Authority confirmed that any loan agreements will not be affected by the administration.

That means you can continue to keep hold of your goods, even though the company has gone under.

The administrators – Teneo Financial Advisory – will update customers with more details about any next steps they need to take “as soon as possible”, the FCA said.

PerfectHome had 30,000 customers in 2020.

More to follow…

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