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  • Rent-to-own practices in Canada would be illegal in parts of U.S.

    Canadians shell out $260 million every year for rent-to-own products, often paying exorbitant prices that would not be allowed in some U.S. states.

    A CBC News investigation has found the rent-to-own industry targets cash-strapped Canadians and engages in opaque sales practices, then aggressively pursues customers who miss payments.

    CBC went shopping at some rent-to-own outlets and found an Acer Aspire laptop at a Winnipeg Easyhome store.

    The store offered to sell it outright for $499.

    At the advertised sale price of $19 per week for a two-year term, a customer would end up paying $1,976. The store says that's a bargain — the regular price is $25 per week.

    More: http://www.cbc.ca/news/canada/manito...-u-s-1.2850023
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