Rent-to-Own vs. Credit Cards: Which Costs Less?

By Allie Johnson

“Renting to own furniture, appliances or even car hubcaps —  that’s the newest  thing — is a bad idea,” says Ed Mierzwinski, federal  consumer program director  for the nonprofit advocacy organization U.S. Public  Interest Research Group.  Rent-to-own is a type of predatory lending, he says.  “The business model is to  promise ownership, then take it away.”
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