Rent-to-Own Quiz
Rent-to-own agreements let consumers rent goods for a weekly, b-weekly or monthly fee. After the consumer fulfills the terms of the contract and makes payments for an agreed-upon time period, the consumer owns the item rented. If the contract is not completed, the store picks up the rented item and the consumer fees are not returned.
For more information:
Lacko, J. et al. (n.d.). Survey of Rent-to-own Customers, Federal trade Commission Bureau of Economics Staff Report Executive Summary. Retrieved November 23, 2007 from http://www.ftc.gov/reports/renttoown/rtosummary.shtm
Association of Progressive Rental Organizations. (n.d.). Rent to Own Industry Overview. Retrieved on February 13, 2008 from http://www.rtohq.org/apro-rto-industry-overview.html
Start the Rent to Own Quiz here.
