The BBC have featured this story again on their breakfast show this week, and I believe it’s worth looking at given that they target the most vulnerable people in society who do not have access to mainstream credit.

There is clearly a bigger risk in providing goods to this market segment, which is reflected in some way by the higher interest rates but the costs can quickly spiral.

It is unregulated at present, and cases are arising where people with mental and physical health difficulties appear to have been taken advantage of and may not even be capable of making their own decisions. That in itself could invalidate any contract in Court.

The most vulnerable and those that can least afford items we would consider as necessities are being forced in to further hardship, which is compounded by emotional stress and worry.

The Citizens Advice Bureau receive thousands of complaints every year about this sector, so it’s only a matter of time now before this becomes a regulated activity.

I cover HP agreements, contracts and much more in my book complete with templates based on real-life test cases that work now on sale via Amazon as an e-book and paperback priced £2.99 / £7.99.

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