Rent-to-own can be an easy debt trap : The Saturday Weekend Review #99

KNOW WHAT YOU ARE GETTING INTO…   Rent-to-own is a popular way to get stuff for your home that you can’t afford to buy new or you lack the credit for a payment plan option. I was reading an online article yesterday about a couple Tom and Debbie McKercher in Manitoba who got in over their heads with the rent-to-own option available at their local Easy Home store. I guess people rent-to-own because they want or in some cases need “stuff” for one reason or another. Back in the day hand me downs or donations worked just as well, not to mention having to go with-out until it was affordable. There are plenty of options available including rent-to-own but it comes with a price tag that often motivates people because it is so small. Easy Home after all is a legitimate business and offers a service that may help people who seem to need it. Often people don’t have the money upfront to buy brand new furniture so they turn to these rent-to-own shops. One friend of ours didn’t like the size of the television in their family room so they opted for the rent-to-own option at Easy Home. It […]

%d bloggers like this: