If You’re Renting To Own You’re Getting Ripped Off

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(Daily Finance) — No credit check, low weekly payments and carry it home today? If you think the deals offered by rent-to-own stores are too good to be true, you are right. They are a ripoff according to a new investigation byConsumer Reports. Consumers are paying the equivalent of up to 311% interest on items like big-screen televisions and other home appliances from rent-to-own stores, including Rent-A-Center (RCII) and Aaron’s (AAN).

 

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