Weekly payment store Brighthouse doubles APR

Brighthouse has long been criticised for its high APR and expensive insurance options. Previously it typically charged an interest rate of 29.9% and sold "optional service cover" and "damage liability cover" on top, potentially adding hundreds of pounds to the total price paid for some items.

But now it's decided to "simplify" customer payments by upping its typical APR to 64.7% and bundling in service cover and insurance. Interest rates on some products are even higher, at up to 69.9%.
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