There are a lot of rent-to-own stores in my area. Is it worth the cost to go this route?

Asked by Sarah

1 Answer

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Answered by Paul Carag, Financial Adviser in Renton, WA
Hi Sarah, it depends. Would you be leaning on this type of retailer due to credit issues? If not, I would suggest you not use rent-to-own unless it's truly a last resort and rather use other types of credit or simply save up for what you want. Beyond that, the biggest consideration is what you're actually purchasing using this option. Is it something that you can wait to save up for to buy outright later (delayed gratification with many, many benefits) or is it something that is necessary to your success or your life? If it's necessary, and you have no other way to get it, and you KNOW that you'll be able to make those payments, then by all means, use this type of credit. However, if there are alternatives to you, explore those first. Hope this helps. | 08.20.15 @ 23:37
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