And how about rent-to-own places?
Prof. KARGER: Well, rent-to-own is just a $6 billion an industry year. And if perhaps you were to purchase, let’s imagine, a leather-based sofa, it could run you 400, $500 to get a leather sofa. It could be 1,800 or more if you go though the rent-to-own process. The revenue is extraordinary. And undoubtedly the profit increases in rent-to-own then they repossess what you’ve rented and then re-rent it again if you don’t make your payments ‘cause.
Read morethey have never ever paid a cent in interest, some of these fringe lenders.