Digg posts says, “Many self-described advocates for the poor must believe that the poor are helpless imbeciles incapable of making sensible decisions. The new target: Rent-to-Own stores, which stand accused of preying upon residents of low-income areas.”
Interesting article. I have learned to not say that I will never do anything, but I do not believe I would ever use the services of a Rent-to-Own store. At the same time I do not see anything wrong with someone else using the services of a Rent-To-Own store. The way I look at it, it is your money if you choose to use the services of a Rent-To-Own store. If you want to pay $900 for a $300 TV, go ahead and do it for the privilege of watching the TV now versus later.
Now there are other bad-credit services that I do not condone.This includes payday loans and predatory lenders. Here you are borrowing someone else’s money at outrageous interest rates and fees you cannot afford versus with rent-to-own you are using your own money to pay for goods and services at outrageous prices. Sometimes being victimized and and doing something foolish look very similar.