Rent To Own
By: Ashton B.
How it works
This credit allows you to essentially rent an item for a specific period of time or until that item is paid off.
Interest rates
these interest rates are determined by the purchase price on the market.
What are your sources?
Rent a center
When might a consumer seek this credit?
When someone doesn't make a large enough salary.
Two advantages of this credit are?
Allows you to easily pay bills as well as get your wants. Debt wont build up or ruin your credit.
Two disadvantages of this credit are?
its a long period of time to pay that item off. The interest rates are ridiculously high.
Three alternatives that consumers should consider?
Credit card
Payday loan
Pawn