“Rent to Own” stores advertise themselves as great, normal places where anyone can take home a nice piece of furniture or appliance and then pay small weekly installments until they’ve paid it off. Sounds like a deal!
But wait…I’ve noticed that they tend to only really operate in lower-income areas, seem to target broke and ghetto people with their advertisments, and love to trumpet the always-sketchy “your credit doesn’t matter!”
So, there has to be more than meets the eye with these places. Is it…
They don’t mention that they have astronomical interest rates?
The selection isn’t really that good, and they carry lower-quality “big ticket” items?
What else? What’s going on?