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Tens of thousands of customers of rent-to-own firm PerfectHome will share a £2.1 million compensation pot for unfair treatment.

 

Under a deal agreed with the Financial Conduct Authority watchdog, the firm will refund customers in the form of cash payments and balance write-offs.

 

The FCA ruled that at least 2,000 customers were given loans they could not afford.

 

In total, about 37,000 people will benefit from some level of financial redress, the FCA said.

 

https://uk.yahoo.com/finance/news/rent-firm-perfecthome-pay-repay-millions-37000-customers-130642019.html


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FCA announces redress scheme for rent-to-own firm PerfectHome link: https://www.fca.org.uk/news/press-releases/fca-announces-redress-scheme-rent-own-firm-perfecthome

 

PerfectHome has agreed with the Financial Conduct Authority (FCA) a package of redress totalling over £2.1 million. This will be made up of cash payments and balance write-offs for 37,000 customers.

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