Re: Why do people rent to own?
Rent to own is definatly not a good thing to do, if you are hoping to own the item in the long run.
I agree that the poor & people w/ no understanding of finance get taken advantage of daily. I want to say someone was trying to outlaw those pay day loan stores. You know those things are popping up around here faster than anything. And I've seen quite a few acct's go in the hole cause their pay day loan check came thru or they'd drain their acct everytime they got paid & the loan store was sol calling to verify funds day after day thinking they'd actually left the money in the acct.
I had a neighbor when I lived in low income houseing who's dh would go donate blood so they could buy groceries in between when they got their food pantry donations. Even worse their neighbor who is a whole other post would come over for food from them & if they didn't they got some pretty nasty threats. So they were feeding their family plus the neighbors on an income from a pizza parlor!
Poverty is so easy to fall into but to hard to climb out from once you are there the hole can get pretty deep.
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