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 is the average APR?

The average APR is 265%

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