Watu wa nduthi wanahangaika pia

upepo

Chief Lister
Isn't hire purchase taught at primary school level? No one's getting robbed, because no one is being forced into these agreements. By this logic someone on mortgage, credit cards etc is also getting robbed.
They should be mandated by law to disclose the total cost of the items they sell to customers, the same way banks are required to disclose the total cost of loans. If well-informed customers had to be protected from banks by introducing the disclosure provision, it would be reasonable to apply the same to hire purchase entities given that they often deal with a poorly-informed clientele.
 

DeepInYourMind

Chief Lister
They should be mandated by law to disclose the total cost of the items they sell to customers, the same way banks are required to disclose the total cost of loans. If well-informed customers had to be protected from banks by introducing the disclosure provision, it would be reasonable to apply the same to hire purchase entities given that they often deal with a poorly-informed clientele.
Isn't the necessary information all available to the buyer before they make their purchase? Which means they have accepted the necessary tradeoffs accompanying the purchase
 

wrongturn

Chief Lister
They should be mandated by law to disclose the total cost of the items they sell to customers, the same way banks are required to disclose the total cost of loans. If well-informed customers had to be protected from banks by introducing the disclosure provision, it would be reasonable to apply the same to hire purchase entities given that they often deal with a poorly-informed clientele.
shida ni watu hawana cash at hand to buy it once, that's why people opt for that model even in nairobi and major towns, there was a time hire purchase was booming but as people got more disposable income, they opted for straight cash.
 
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