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The Watercooler
Buying on credit question
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<blockquote data-quote="witzend" data-source="post: 528025" data-attributes="member: 99"><p>I would buy on credit - even if it is at a high interest rate - before I would rent. Those rent to own places are vultures. You'll pay 5 times the price by the time you've paid it off, and if you miss so much as a payment by a day they will re-possess and/or charge outrageous fees.</p><p></p><p>Do the purchase, then if you come into some money you could pay it off early. You can also pay a little extra each time - even $5 helps. But don't do a rent to own. They'll use you up. They make it sound great "Only $20 a week!" That's $80 a month you'll be paying for years.</p></blockquote><p></p>
[QUOTE="witzend, post: 528025, member: 99"] I would buy on credit - even if it is at a high interest rate - before I would rent. Those rent to own places are vultures. You'll pay 5 times the price by the time you've paid it off, and if you miss so much as a payment by a day they will re-possess and/or charge outrageous fees. Do the purchase, then if you come into some money you could pay it off early. You can also pay a little extra each time - even $5 helps. But don't do a rent to own. They'll use you up. They make it sound great "Only $20 a week!" That's $80 a month you'll be paying for years. [/QUOTE]
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