Or you'll be stuck the whole time you're on earth...

HAPPY FRIDAY!

5 Top Reasons to Avoid Rent-to-Own Store Schemes

Rent-to-own programs can cost you a large amount of money and leave you disappointed. Before you sign a rent-to-own contract, consider these details.

Used rental items.

Many businesses rent used items. You may be paying a premium price for something that's not brand new.

High interest rates.

Rent-to-own companies have high interest rates on their products. You may be paying 100% or more in interest.

Long payment plans.

You may be stuck in a long payment plan that costs you even more in interest.

Hidden fees.

Some companies charge extra fees for returning an item or damaged items.

Confusing contracts.

Complaints about confusing contracts are common. Many contracts are long and difficult to understand.

Renting may not be the best financial option for your situation. If you decide to rent-to-own, it’s important to read the fine print so you’ll be familiar with the details and requirements of your plan.