Yes, they are, but you must be wary of shady contracts and the risk of losing money. We’ll go through a list of legitimate rent-to-own internet companies and how to prevent getting scammed in this article.
How Does Legitimate Rent To Own Online Store
Rent-to-own, sometimes known as lease-to-own, is a payment plan that allows you to buy and pay for consumer goods such as furniture, electronics, and appliances in installments, which can be weekly or monthly depending on the arrangement. Making it simple for individuals to get what they want without having to think about how they will raise or save money to do so. You can also return the rented item at any time without having to make the next payment.
Rent-to-own stores allow you to buy items or products without having to pay for them all at once; instead, you pay in installments. Renting to own, on the other hand, is not less expensive than buying outright; instead, you pay in installments. It helps you get what you need now and pay them in installments over a long period of time.
Is It A Good Idea Legitimate Rent To Own Online Store?
Yes, it is a good idea, especially for individuals who are unable to make a full deposit/payment for an item they like to acquire and choose to pay in installments. When both the buyer/renter and the seller are serious about the transaction and have achieved an agreement.
In order to avoid fraud, it is now necessary to be cautious about the agreements established with rent-to-own online retailers before applying for a rent-to-own. That brings us to the next point.
How To Avoid Legitimate Rent To Own Online Store?
Although rent-to-own made it easy for us to own a good or product without having to worry about paying up for it, you must be wary of scams from rent-to-own internet retailers. Here are some suggestions for avoiding them.
Conduct extensive research on the product and the company, as paying less than the rental rate is not an option.
Never pay anyone in advance until you have seen the goods or product.
Conduct internet research on the product’s seller to ensure he is serious about the rent-to-own business.
Before signing a rent-to-own agreement, carefully review what you’re about to sign.
Before signing any of the documents, have a legal professional (a lawyer) walk you through them.
Legitimate rent-to-own online stores out there
With the right rent to own online stores, rent-to-own is not a complex method to own a product or goods. There are several legitimate and reputable stores that can help you rent goods. They are;
Flexshopper: They rent fitness and sports equipment, furniture, TVs, and children’s products. And yes, they do rent to customers with bad credit. But they have requirements to qualify for rent to own on flex shopper
Leaseville: They rent appliances, electronics, fitness equipment, jewelry, and music equipment tools. And no, they do not rent to customers with bad credit. They have requirements to qualify for rent to own on lease ville
Rent delite: They rent appliances, fashion, furniture, video games, electronics, and audio equipment. And yes they also rent to customers with bad credit. They also have requirements to qualify for rent to own on rent delite
Yukeep: They rent appliances, fashion accessories, sporting goods, electronics, and computers. And yes they rent to customers with bad credit. They also have requirements to qualify for rent to own on upkeep
Conclusion
There are legitimate rent-to-own online stores among the frauds. However, before you participate in rent-to-own with online retailers, do your research on the online store, ensure that the goods or products are genuine, and have your lawyer present before signing any agreement.
Frequently asked questions;
What if I was unable to make a monthly installment payment?
You can contact your rent-to-own retailer before your payment is due if you know you won’t be able to make the installment payment.
What if I have a poor credit history?
There are various internet stores that rent to people with bad credit, so people with bad credit aren’t penalized.
How can I acquire rent-to-own approval?
Depending on the rent-to-own store, you may be requested to submit your home address, a source of income (up to $1000 per month), and personal references (family members and friends).
Do I lose everything I have paid after returning the product I bought?
When you return a product you’ve been renting, you can reinstate the agreement at a later date when you feel you can afford the payments. That way you don’t have to lose anything.
