If this sounds offensive, it is not meant to. Different times and I am using the word that was used.
One of my exes, well I only have one, favoured a very personal way to buy on credit, especially when it came to electric appliances. The Jew would call, the ex would tell him what he wanted, say a new fridge, and the following week a fridge would arrive without any money up front.
Every week the Jew would call to collect money towards repayment. I imagine there was an amount of interest paid. Would it have been high? The ex's mother was a long time user of the Jew's credit facility. They both treated him like a friend, so I guess his interest rate was quite reasonable, especially for people who could not get normal credit at the bank.
Probably preferable to formal Hire Purchase. Anyone know what that interest rate might have been for HP, as it used to be referred to?