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  • sandra919

Rental America: Why the poor pay $4,150 for a $1,500 sofa

I came across a very well-written article regarding renting, leasing, and paying for furniture in installments. Many people that file bankruptcy have some furniture or appliances that are being paid for in monthly payments. Often times, the interest rate makes the ultimate cost to purchase the goods two, three, or four times the original price had the person purchased the property outright. Read the article by clicking on the link below:


http://www.washingtonpost.com/news/storyline/wp/2014/10/16/she-bought-a-sofa-on-installment-payments-now-its-straining-her-life/