Rent a center should be illegal

[Pressure]

those are your opinions on a business...not fact.

Poor people are high risk loans...if it was up to you they would have no access to credit.

They use rent a center because they don't have access to credit.

If rent a center is going to act as a creditor then they need to adhere to the same standards as other lenders.

 

[winb83]

those are your opinions on a business...not fact.

Poor people are high risk loans...if it was up to you they would have no access to credit.

So they "accidentally" mess up on keeping up with their customer's payments then come after them for money they think they're owed but actually aren't is ok right? Their corprate policy being do what you gotta do to recover the money isn't gangster mentality?

Now you're calling it credit? Truth is poor people don't really have access to real credit anyway. T they just have access to get screwed over with the excuse that they're a high risk so they should get screwed over.

You know what the bank will do if I skip out on paying my bills? Use every legal avenue available to come after me? Why can't rent-to-own do the same thing and keep prices somewhat reasonable? You're arguing that the poor people don't have to walk in and rent that shyt will nobody has to rent it to them either. The world isn't gonna end because a poor person can't rent a pair of Beats headphones for the cost of $1000 over 52 weeks right?

 

[ADevilYouKhow]

Lol at this stupid slob saying a company shouldn’t be regulated because its profit margins are slim.

 

[DEAD7]

The argument has already been made government regulation forced them to do that. It wasn't something they came up with on their own. Quite the opposite in fact. So your argument that government regulation is unnecessary citing evidence that came from government regulation is beyond faulty.

So they now(thanks to regulation) must be honest and upfront with consumers... clearly showing the pricing.
Then adult consumers can decide free from coercion wether to enter into these contracts...


What are they currently doing that is evil and should be illegal/regulated again?

 

[DEAD7]

I wonder what the lefties are scheming here... taking away access to luxuries must be a step in a much bigger goal.
Surely they know the demand will be met in other(less reputable) ways.

This must be a fancy chest move to stir the 99%

 

[winb83]

So they now(thanks to regulation) must be honest and upfront with consumers... clearly showing the pricing.
Then adult consumers can decide free from coercion wether to enter into these contracts...


What are they currently doing that is evil and should be illegal/regulated again?

harassing their customers because they fall behind on payments for one.

 

[yseJ]

I mean, it all depends on how you view government and individual responsibility for making bad decisions.

personally, I am all for 'survival of the fittest' - I expect an adult human being to make all decisions and be responsible for all those decisions as long as terms and effect of those decisions are clear

As a result, I don't mind illegal drugs made legal. I don't mind RAC being legal. I don't mind casinos being legal. I don't mind shytty infomercials selling things with 5x markup to older folks who gobble it up. I don't mind people being swayed by 'fake news' when they could do their research on internet instead of blindly believing shyt.

Is RAC predatory ? Yes. Most of capitalism is predatory to some degree or another though. Jewelry sellers are predatory towards old folks who watch infomercials all day long. Loot crate boxes are predatory towards video game players. Casinos are predatory towards gamblers period. Lenders are predatory towards people who do not have money and need money. Pharmacy industry in the US makes billions in markup on sick folks who need medicine badly. Doctors in the US prey on people who are damn near death with crazy bills that are not reflected in other countries.

I mean, Shylock in Merchant of Venice was a predatory loan shark. Aint shyt changed.

 

[DEAD7]

You're arguing that the poor people don't have to walk in and rent that shyt will nobody has to rent it to them either. The world isn't gonna end because a poor person can't rent a pair of Beats headphones for the cost of $1000 over 52 weeks right?

Just because there is demand for [insert unnecessary service/good] and people are willing to over pay for it doesn’t mean entrepreneurs should/need to provide it.

You just hate capitalism... I get it now.
Cook away breh

 

[DEAD7]

harassing their customers because they fall behind on payments for one.

Breaching a contract is breaching a contract...
I’m not sure how RAC can be blamed for sticking to the terms and conditions of the contract.

I think what you really want is a more informed and better educated populace... though I doubt there is any real cure for foolishness

 

[winb83]

Just because there is demand for [insert unnecessary service/good] and people are willing to over pay for it doesn’t mean entrepreneurs should/need to provide it.

You just hate capitalism... I get it now.
Cook away breh

If you can't make profits doing respectable business and treating customers well then you don't deserve to be in business. The government shouldn't need to step in and tell businesses how to conduct themselves but time and time again it does because if you let businesses police themselves they'll do whatever they can get away with. With our system of legalized bribes they damn near police themselves now.

 

[Slystallion]

Those guys and pay day loan people are worse than the mob