Radio Rentals

[Tim86]

This whole thing can also be reversed, so many people with bad credit are refused by HN, Myers, GGs etc that the only way they can get the necessities of life is to pay a premium on the interest.

Would you prefer to lend money to Greece or Australia ? same thing really.

I agree they charge high interest, they need it because they get such a high default rate on their contracts.

Anyone looking for a time payment plan should check all other avenues first, HP, bank PLs, charitable low interest loans, Centrelink advances, RR is the lender of last resort and as such have a high percentage of bad payers with much higher default rates than main stream lenders.

As for using Centrelink to pay for it, if the service is available why not use it ? Makes life a lot easier for everyone and ensures that the Fridge and Washing machine don't get repossessed.

No difference to a LL having Centrelink make the rent repayments, none of it can happen unless the dole / pension recipient requests it

Spot on!

The people calling radio rentals names like "vultures" need to remember the sort of people they rent to. Not all are bad of course. But a lot of their customers are the dregs of society. I had one centrelink family not only not pay their rent, they also didn't pay radio rentals and when they left the house they of course took all their radio rentals gear and then dissapeared. Many many people still come knocking on the door of that rental house trying to chase up money they are owed by them.

Like anything, if it's a high risk lend/venture then the costs for finance is going to be higher.