Anyone ever watch Till Debt do us Part?

[disneysteve]

Please keep in mind that it has been a really long time since I have rented from these companies. I believe the way it works is this:
rent a tv for 25 per week. if it is an option to do 90 days same as cash then after you have paid it off for a month or so you put that amount you have paid toward the asking price of the tv. here is one catch. their appliances, tv's, furniture, etc is going to be higher priced than walmart. but it would be cheaper than paying out the term of the rental to own.

Interesting. So it is a way to buy the item at a somewhat inflated price (I've checked their website and they don't list prices unfortunately) but for the first 90 days, make weekly payments toward the purchase price. I see where some folks might be deceived into thinking that was a good way to go.

Personally, I can see someone considering that with an "emergency" purchase like a refrigerator but not for almost anything else they sell. If you don't have the money for a TV, then you save up until you do. If you don't have the money for a sofa or computer or washing machine, then you save up until you do. And then you shop around and find the best possible deal which might mean buying used from a flea market or thrift shop or ebay or craigslist. Buying through RAC isn't a smart way to do things and it won't help people who are struggling to get ahead. Dave Ramsey is fond of saying that the rich get richer and the poor get poorer because the rich keep doing the types of things that made them rich and the poor keep doing the types of things that make them poor. This is a perfect example of that. People get into these endless cycles of debt and dependency and instant gratification and it prevents them from gaining ground and advancing.

[cicy33]

Interesting. So it is a way to buy the item at a somewhat inflated price (I've checked their website and they don't list prices unfortunately) but for the first 90 days, make weekly payments toward the purchase price. I see where some folks might be deceived into thinking that was a good way to go.

Personally, I can see someone considering that with an "emergency" purchase like a refrigerator but not for almost anything else they sell. If you don't have the money for a TV, then you save up until you do. If you don't have the money for a sofa or computer or washing machine, then you save up until you do. And then you shop around and find the best possible deal which might mean buying used from a flea market or thrift shop or ebay or craigslist. Buying through RAC isn't a smart way to do things and it won't help people who are struggling to get ahead. Dave Ramsey is fond of saying that the rich get richer and the poor get poorer because the rich keep doing the types of things that made them rich and the poor keep doing the types of things that make them poor. This is a perfect example of that. People get into these endless cycles of debt and dependency and instant gratification and it prevents them from gaining ground and advancing.

Ahh, but see now you have found the issue. Nobody wants to save for it anymore.