Rent a center should be illegal

[winb83]

Rent-to-Own: Costly Convenience



Rent to own is never a good idea. It's a business that has zero upside from a consumer perspective and as such deserves at the very least the same protections as other lending scenarios.

No argument about customer education changes those facts.

It's kinda hard to make the argument that if they specifically tell you if you don't pay the $600 in that 6 months than that pair of Beats is gonna cost you $960, and we all know they retail for under $300, if you walk in there knowingly and sign to those terms that anything wrong happened.

They say if you don't pay our marked up rate in 6 months you're gonna pay us even more. There's no consumer education required for that. I mean I don't agree with it but I'm not involved. That's between the leaser and the lessee.

 

[Pressure]

It's kinda hard to make the argument that if they specifically tell you if you don't pay the $600 in that 6 months than that pair of Beats is gonna cost you $960, and we all know they retail for under $300, if you walk in there knowingly and sign to those terms that anything wrong happened.

They say if you don't pay our marked up rate in 6 months you're gonna pay us even more. There's no consumer education required for that. I mean I don't agree with it but I'm not involved. That's between the leaser and the lessee.

Have you not read about the people being arrested and charged for felonies for merely falling behind on their payments.


Regardless, there are hundreds of consumer protection laws that protect consumers. Coincidentally, RAC now shows the prices as a result of lawsuits related to those very laws.

 

[hashmander]

Have you not read about the people being arrested and charged for felonies for merely falling behind on their payments.


Regardless, there are hundreds of consumer protection laws that protect consumers. Coincidentally, RAC now shows the prices as a result of lawsuits related to those very laws.

so RAC repossesses their property and the customers still get arrested? that needs to change. if people stop paying, RAC should get their stuff and fukk off.

 

[Pressure]

Mind you half the country still has laws requiring minimum mark ups on goods.

 

[Pressure]

so RAC repossesses their property and the customers still get arrested? that needs to change. if people stop paying, RAC should get their stuff and fukk off.

Rent-to-Own Slip-Up Can Land You in Jail

 

[the cac mamba]

if you spend 4300 on a tv after 'getting scammed', you dont even deserve to breathe oxygen

a motherfukkin TV is 300 dollars at walmart

 

[Pressure]

if you spend 4300 on a tv after 'getting scammed', you dont even deserve to breathe oxygen

a motherfukkin TV is 300 dollars at walmart

Food for thought

 

[the cac mamba]

Food for thought

are you just totally anti personal responsibility?

im not allowed to say that someone who got 'conned' into paying 4300 dollars for a 2000 dollar tv is a fukking idiot? as i sit here watching my 200 dollar tv ?

 

[Perfectson]

Rent-to-Own: Costly Convenience



Rent to own is never a good idea. It's a business that has zero upside from a consumer perspective and as such deserves at the very least the same protections as other lending scenarios.

No argument about customer education changes those facts.

you say they don't have any upside - it's renting until you own, some people prefer this because it gets you the product now, you are leasing it and then buying it outright without having to go through the whole ordeal of taking it back and delivery etc etc. Electronics are one thing but for furniture it may make sense for some people. Putting this on your credit card (if the person even has one) could potentially be just as bad. You're basically not making any sense. there are all types of balloon payments and leasing products that have the potential to hurt consumers...it's the consumers jobs to understand what htey are purchasing at the end.

 

[Perfectson]

are you just totally anti personal responsibility?

im not allowed to say that someone who got 'conned' into paying 4300 dollars for a 2000 dollar tv is a fukking idiot? as i sit here watching my 200 dollar tv ?

welcome to the new America, Careful he may say you cyber bullied him, find out where you work, and get you fired.

 

[Perfectson]

Food for thought

here's some food for thought

Rob RousseauVerified account
@robrousseau
flamboyant writer. gun expert. Fox News contributor. voter fraud coordinator. mediocre musician. cool dad. host of

 

[winb83]

Have you not read about the people being arrested and charged for felonies for merely falling behind on their payments.


Regardless, there are hundreds of consumer protection laws that protect consumers. Coincidentally, RAC now shows the prices as a result of lawsuits related to those very laws.

The way they harass people over missed payments is dead wrong. Perhaps their profits cratered when they had to start listing the price. Whatever the reason if people know those inflated prices and still want the goods then it should exist.

 

[Pressure]

The way they harass people over missed payments is dead wrong. Perhaps their profits cratered when they had to start listing the price. Whatever the reason if people know those inflated prices and still want the goods then it should exist.

Irrelevant. The rent to own business should be subject to the same standards as the lending business.

 

[Pressure]

here's some food for thought

 

[Pressure]

welcome to the new America, Careful he may say you cyber bullied him, find out where you work, and get you fired.

Stop projecting cupcake.