Since the majority of Americans have huge debt, this makes it very difficult for them to purchase expensive merchandise on cash or credit. Many cannot obtain credit or financing and they are turned away. As a result, they become easy targets and victims for so called "rent-2-own" companies.
Companies operating on a rent-2-own basis enter into a contract with consumers. They lease new and simple items to consumers on monthly or weekly terms until contract terms are met. Only after the contract is fulfilled consumers become owners of merchandise because unlike all other sales contract these rent2own companies legally own all rented items until final payments are made.
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