By Noah Dean McAdams
Describe this type of credit:
Leasing out houses for a time period
What is the average APR and/or fees paid?
Why might a consumer seek this type of credit?
When they don't have very good credit
What are two advantages of this credit?
Low Stress and Gives time to build income
What are two disadvantages to this credit?
Buyers pay upfront fee and if seller doesn't pay mortgage then the house will be foreclosed and buyer will be forced to move
What are three alternatives consumers should consider before using this credit?
Renting a car, getting a hand down computer, and renting a textbook instead of buying a new one.