These days, your credit score can be one of the single most important factors in the quality of your life. A poor credit score can make it near impossible to secure financing on a home or an automobile, and can be a major obstacle in obtaining a credit card. In short, bad credit severely limits your buying options. If you are looking to furnish your apartment, for instance, having bad credit means you can't purchase the television you're looking for or the couch you need. Thankfully, there are other options past a financed or outright purchase. If you have ever paged through one of the many rent to own magazines, you know that there are many items available to those with poor credit because anyone can rent to own, regardless of credit. That means if your washer and dryer break down and you can't purchase a new one, you can get a new set right away without the hassle of credit checks and financing agreements.
Some question the rent to own ethics, saying that those that can't afford to finance an item pay too high monthly payments. The fact is rent to own is a choice that a consumer makes, and the fact that it gives consumers a choice is a great thing. If rent to own wasn't an option, what would a consumer with poor credit do? The fact is, sometimes there is no other option, which means rent to own provides a valuable service. And if you get to the point where the only way you can afford a bed to sleep on is under this sort of agreement, you'll realize very quickly that this option is a very important one.
But you don't have to be a rent to own advocate to recognize its utility. Sometimes bad credit can come from a string of bad luck, a well-intentioned mistake, or for any number of reasons. Rent to own can help someone with bad credit purchase needed items immediately while they start the process of getting back on their feet. In some situations, paying on time in this sort of an agreement can increase a person's credit score, which can be extremely useful in the future. If someone can get the products they want while making their credit score better, what's the harm in that?
The fact is that rent to own is only one option out there, but it fills an important void in the market for a significant portion of consumers. There will always be some people with bad credit, and it's important not to ignore their needs. Without rent to own, that's exactly what would happen!
APRO is the official voice of the rent to own industry. We publish rent to own magazines and are heavily invested in promoting responsible rent to own ethics. You'll find no better rent to own advocate than APRO. Visit us at http://www.rtohq.org today!