Rent-to-own business is booming
December 26, 2008 | alternatives, industry, media coverage | Comments (0)At least according to this story out of New Jersey:
A tough economy is good for the rent-to-own industry. This recession, in which credit has dried up at all levels, is better still.
People unable to get credit cards, bank financing or any other kind of loan can lease appliances and furniture from rent-to-own stores and own the merchandise at the end of the lease.
The industry added 300,000 customers in 2007, according to the Association of Progressive Rental Organizations.
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