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Perfect Home Follows Brighthouse and Goes into administration

The UK’s biggest rent-to-own firm, PerfectHome, has gone into administration, affecting thousands of customers.

The company lent customers money to buy household goods, which they paid off weekly with interest.

This sort of deal is commonly known as buying ‘on the never-never customers would pay off items of furniture and electrical goods over many years

PerfectHome also gave general cash loans, and had around 30,000 customers in 2020.

However, since June 2021 it has not taken on any new customers.

PerfectHome became the UK’s largest rent-to-own firm after Brighthouse went into administration in 2020.

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