Comment on Disability pensioner charged $6,760 for renting a phone that retails for around $1,800

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Tankiedesantski@hexbear.net ⁨1⁩ ⁨year⁩ ago

Not at all. A rent to own scheme is essentially legally identical to getting a seller or third party loan except for when title passes over to the consumer. In most other respects, especially in outcome, it’s the same transaction dressed up specifically to avoid existing usury laws.

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