Complete Description:This report presents the results of a nationwide survey of rent-to-own customers. The survey found that most rent-to-own merchandise is ultimately purchased by the customer, most customers are satisfied with their rent-to-own transactions, and most customers are treated well if they are late making a payment, although some customers are subject to possibly abusive collection practices. The report recommends that the total cost of purchasing merchandise through a rent-to-own transaction be disclosed on product labels that the consumer can see while shopping, in addition to disclosures in rental agreements and advertisements.
Date Published:Saturday, April 1, 2000
Author:James M. Lacko, Signe-Mary McKernan, and Manoj Hastak
Funding Agency: Federal Trade Commission
Type: Report;
Source: Survey data;
Language: English
Audience: Researcher