Let's stay on topic.
Rent a center should be illegal
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no. i understand why someone could need the services of a payday loan and why there needs to be protections. i don't understand why anyone even walks into a rent to own store other than the need to have the brands that other people have.You've previously criticized pay day loans. Are you now changing your position to say that payday loans are now okay, require no regulation and it's simply a matter of customer education?
That’s subjective...
The people choosing to pay [insert ridiculous amouny] for headphones are probably pretty happy to have the headphones and thankful this option is on the table for them to get whatever it is they wanted...
RAC is meeting a market demand... or put another way, RAC is providing society with a desired service.
I see no case for legislation...
if an adult in this country wants to(voluntarily) spend $1000 of his/her money for a $50 blender... I don’t believe government should step in and say he/she can’t... freedums and stuff...
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And both businesses exists to take advantage of the poor. Hence, in my opinion, the need for better regulation and consumer protrction.
Also framing it as “exploited for being poor” is a little dishonest, they are falling victim to their own impulses and ignorance the same way everyone does up and down the economic ladder...
Being poor just puts this idiocy(the every Econ level suffers from) in plain view.
Rent-A-Center Profit Margin 2006-2018 | RCII
You guys are suggesting burying them... not regulating. Let’s be clear.
Being poor just puts this idiocy(the every Econ level suffers from) in plain view.
Rent-A-Center net profit margin as of September 30, 2018 is 1.58%.
Rent-A-Center Profit Margin 2006-2018 | RCII
You guys are suggesting burying them... not regulating. Let’s be clear.
Ethnic Vagina Finder
The Great Paper Chaser
Lease to buy businesses are a different class of business than credit card companies. The laws wouldn't overlap. You're attempting to create a conflict where there isn't one. Very corporate shill of you.
The reality is capping markup over msrp, requiring clear customer education of what they're receiving, paying, as well as the potential harm that comes along with the rent to own service, and lastly offering protection under CFPB would go a long way.
It's called rent to own for a reason. People dont get the renting concept. When they rent, they expect it back at some point so they can rent it again.
Items they sell are mostly non essential. Instead of buying an affordable mattress and box spring, they have to get an entire bedroom set. Instead of buying a futon they need a sectional.
I rented a TV before knowing I wasn't going to keep it.
and a lot of people still do the same shyt.
Perfectson
Banned
Rental services by their very nature are predatory. They charge exorbitant, unnecessarily high rates for any good or service provided that you could get due cost for with a purchase that's not offset at all by the convenience factor of it. I've never understood where there isn't a TON more federal or even state level regulatory oversight on these things. But then I remember we're the country that invented the pay-day loan and it all snaps into focus.
Why should there be? They are renting you something that you cannot afford outright. It's ridiculous to say they are preying on people when the people can simply not purchase the goods.
Additionally ,there's a lot of goods that they are stolen from rent a center and they have to cover operating costs and payrolls.
Perfectson
Banned
Also framing it as “exploited for being poor” is a little dishonest, they are falling victim to their own impulses and ignorance the same way everyone does up and down the economic ladder...
Being poor just puts this idiocy(the every Econ level suffers from) in plain view.
Rent-A-Center net profit margin as of September 30, 2018 is 1.58%.
Rent-A-Center Profit Margin 2006-2018 | RCII
You guys are suggesting burying them... not regulating. Let’s be clear.
Someone speaking facts finally ...people in here are socialists who want free shyt . Cant pay for stuff so they complain and beg the government to get it for them cuz they can't afford it .
Ethnic Vagina Finder
The Great Paper Chaser
The issue isn't the renting.
But that's the core of their business model.
When people take items, 9 times out of 10 it's not even new. Then you got people that destroy items after a year of renting.
At the end of the day, people have options.
Perfectson
Banned
This is a horrible thread but kinda depicts the new America and this progressive movement going on where people feel they are entitled to have whatever they want without any sacrifice
Then they don't need to offer a rent to own service with a set out payment plan.
If they do then they need to be subject to the same regulations as other credit lendors
Nah. You just think people should be exploited for gain and that the government should neglect its primary role in protecting its citizens.
REEEEEEEEEEEEEEEE Socialism.
Or, a rent to own service that charges flat-rate subprime loans should be subject to the same regulations that every other business that does this is. If they can't stay in business doing that, maybe they shouldn't have a business.
But no, clearly "this business model is exploitative" means "I want a free Xbox" cause those are clearly analogous and not at all just a bunch of the usual suspects reeeeee'ing at the thought that maybe if an industry relies on praying on people who don't know better to stay aflot that it shouldn't exist in the first place.
Or, a rent to own service that charges flat-rate subprime loans should be subject to the same regulations that every other business that does this is. If they can't stay in business doing that, maybe they shouldn't have a business.
But no, clearly "this business model is exploitative" means "I want a free Xbox" cause those are clearly analogous and not at all just a bunch of the usual suspects reeeeee'ing at the thought that maybe if an industry relies on praying on people who don't know better to stay aflot that it shouldn't exist in the first place.
Protecting people from their own greed/impulses isn’t a road you wanna head down.Nah. You just think people should be exploited for gain and that the government should neglect its primary role in protecting its citizens.
We should(in my opinion) err on the side self accountability... even if we don’t like it.
Voluntary screwing yourself over shouldn’t be against the law/regulated out of existence...
Abdicating responsibility like that is bad for society long term in my opinion...
But it pushes reliance on the state so I’m not surprised progressives are pushing it.
