Have an agreement with brighthouse can i put them in debt management plan ?

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Hayley.03

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Post by Hayley.03 » Wed Mar 25, 2015 8:53 am
Have an agreement with brighthouse can i put them in my debt management plan
 
 

Foggy

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Post by Foggy » Wed Mar 25, 2015 9:45 am
You can if they agree --- a DMP is not binding and they can simply refuse to co-operate. As far as I recall Brighthouse are not very accommodating.
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size5

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Post by size5 » Wed Mar 25, 2015 9:53 am
If the goods have gone back then no problem, if they haven't then Brighthouse are very likely to take them back. They are of course a very expensive way of buying goods, but on the other side of the coin could you do without the goods if they were taken away?

Probably best to have a chat with a professional to explore all your options in this matter.

Regards.
Last edited by size5 on Wed Mar 25, 2015 9:54 am, edited 1 time in total.
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Steven Hewitt

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Post by Steven Hewitt » Wed Mar 25, 2015 9:57 am
Hi Hayley.03

Brighthouse goods are generally purchased on a Hire Purchase Agreement, so essentially you do not own the goods until you have completed your payments in full. This means that you if you did enter your account with Brighthouse onto a Debt Management Plan, before you complete the payments, then the goods could possibly be repossessed by Brighthouse.

Most Debt Management Companies will allow you to budget for your payments to Brighthouse as part of your essential expenditure and will advise that they look to review your income and expenditure once the agreement has ended.

I hope this helps
Steven Hewitt - a member of the team at Freeman Jones
 
 

Adam Davies

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Post by Adam Davies » Wed Mar 25, 2015 11:20 am
Hi

Good advice above

They will be excluded from the DMP, unless they have been taken back and you are chased for a shortfall, so you need to carry on paying for them each week

Regards
Andam Davies
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