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| General Discussion Please read our Forum Rules before posting Feel free to talk about anything and everything about money. |
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11-08-2006, 11:21 AM
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Re: Why do people rent to own?
I am glad to hear that North Carolina has outlawed the payday places. I live about 15 miles from the state line.
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11-19-2006, 05:24 AM
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Re: Why do people rent to own?
I can give you one example of why people would rent to own.
My librarian friend that I've posted about just had to do this for a refrigerator. Her refrigerator was ruined in the power surges that she was having in her home. She went shopping for a refrigerator and could not get credit because of her low pay and poor credit history. So she ended up at a rent-to-own place and will probably pay at least double what the refrigerator is worth. I wish I had known before she did this because we could have tried to find someone with a used refrigerator for sale or anything else to avoid this. Do they lock you into these contracts for a certain time period or can you get out of them fairly easily? I've never dealt with them, so I don't know.
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11-20-2006, 05:20 AM
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Re: Why do people rent to own?
I saw this advertised on television yesterday... ColorTyme Custom Wheels If that's not ridiculous and exploitive, I don't know what is.
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