What happens if i miss a bright house payment

Angela Clements, founder of not-for-profit buy-now-pay-later operator Fair for You, said: "While my heart goes out to BrightHouse's staff who will lose their jobs, I hope that its collapse will make other lenders think twice before trying to make easy money out of hard-working families in this way. Are you a customer of BrightHouse? Have you been affected by its collapse?

Email haveyoursay bbc. Please include a contact number if you are willing to speak to a BBC journalist. You can also contact us in the following ways:. Carluccio's collapses with 2, jobs under threat.

Price cap plan for rent-to-own sector. Rent-to-own firms 'sell to vulnerable'. BrightHouse has faced an influx of compensation claims. What happens with my appliance?

What happens next? Terri Carter faced pressure after missing a repayment. Related Topics. Companies Money Personal finance Personal debt Coronavirus pandemic. Published 30 March Published 5 March Published 22 November Tool Money Manager.

Everyday money. Calculator Credit card calculator. Tool Couch to Financial Fitness. Calculator Baby costs calculator. Calculator Mortgage affordability calculator. Calculator Mortgage calculator. Money troubles. Calculator Pension calculator.

Calculator Workplace pension contribution calculator. Tool Find a retirement adviser. Calculator Redundancy pay calculator. Home Everyday money Types of credit. Everyday money Types of credit. What are Buy Now Pay Later purchases?

Why is Buy Now Pay Later so popular? What will I be charged? Will Buy Now Pay Later affect my credit score? What happens if I miss a payment?

How to avoid high-cost credit. What is Buy Now Pay Later? Back to top. Want to feel more in control of your finances? The adverts sometimes target people on social media who might be less able to afford the items. Is your household income getting squeezed? Check you are receiving all the benefits or grants you might be entitled to. Did you know? Pay in instalments. Pay later. Pay on finance. This is the most traditional form of Buy Now Pay Later.

Any missed payments will be subject to a penalty fee or charge. Find out more about your credit score and how to improve it. When to get debt advice. Need someone to talk to about your finances?

To help you work out which ones to pay off first, see our guide How to prioritise your debts For more information about how to make a plan to pay your debts, see the Citizens Advice website. However, there might be exceptions. Find out more in our guide Alternatives to payday loans.

Was this information useful? Yes No. Thank you for your feedback. Share this article. Email Facebook Twitter. More options. Share this with. WhatsApp LinkedIn. Explore the Topic Close Types of credit. Catalogue credit or shopping accounts A guide to store cards In-store credit and hire-purchase. Talk to us live Talk to us live for…. Talk to us live for… Pensions guidance. Talk to us live for… Money guidance. Talk to us live for…. Talk to us live for pensions guidance using.

Online form. Web chat. Previous Close. Talk to us live for money guidance using…. Talk to us live for pensions guidance using the telephone. Talk to us live for money guidance using the telephone. Talk to us live for pensions guidance using web chat. Talk to us live for money guidance using webchat. Talk to us for pensions guidance using our web form. Talk to us for money guidance using our web form.

If you advise us that you're unable to make your payment before that payment is due we can make an agreement to resolve your account at a later date — we won't apply a late charge. If this is not resolved by the agreed date, we will apply a late payment charge to your account at this time. If we are unable to contact you or you are unable to resolve your account after an agreed time we may charge a late payment fee.

There will only ever be one late payment charge applied to each period when payments are missed, late or not paid in full under this agreement. There are many different factors that are considered when calculating your credit rating, but late or missed payments to credit accounts can be a problem when you want to borrow from companies in the future.

If you'd like to find out more, we've put together some guidance on understanding credit score as well as how to improve your credit rating. While we aim to help anyone purchase the products that they want, we are first and foremost responsible lenders. This means that we will always act in the best interests of our customers.

We strictly adhere to the pledges of our Lending Charter which sets out our commitment to responsible lending, transparency and customer support.

We will always do our best to help you. If you cannot make your payments, contact your store to let them know you won't be able to. From here, we can discuss your circumstances and agree on a suitable course of action to get your account back on track.

If for any reason you do not feel happy with the support and guidance you receive from our friendly team, please get in touch with our customer relations team here. If you are struggling to manage existing repayments or find yourself heading towards financial difficulty, we want to help you find your way out.

BrightHouse have put together a guide for our customers to help anyone in debt navigate their way back into the clear.