Not had time to read the entire thread but there seems to be a lot of angst about the lack of a payment plan.....
Surely people can easily use their initiative and take out their own 'payment plan' by paying with a "0% for 9 or 12 months" credit card? Plenty of options available: http://www.thisismoney.co.uk/credit-cards
People would need to pass a similar credit rating for either an SFC scheme or a credit card application - just a different form to fill in.
Simple, or am I missing something obvious here?