Business Upturn Expected in Rent-to-Own Industry

As the economy gets tighter, the rent-to-own industry begins an upturn. Because of rough economic times, all too many people have destroyed their credit. With rent-to-own, credit is often not a factor. Buying anything from furniture to houses rent-to-own is the only way for many people to put their households back in order.

While many see the rent-to-own industry as an aid to the cash-strapped, others accuse the 6.6 billion dollar industry of profiting off the poor.

The Citizens Voice quotes Jarrett Frankevich, sales manager at Aaron’s, a rent-to-own store at 340 S. Washington Ave., Scranton;

“There’s so many different reasons for it. The car breaks down, loss of job, got your hours cut. If we’re not collecting our monthly payment, we’re not making money,” Frankevich said. “The last thing we ever want to do is pick up an account, so there’s lots of different ways we try to work with people. Unfortunately, sometimes you just can’t get it done.”...

Whether you are thinking of purchasing a rent-to-own house or a rent-to-own TV, you should be aware of both arguments. do your homework and make wise, prudent decisions.