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    Infographic: Rent to Own is Loansharking

    Rent to Own is generally understood to be a poor deal for consumers. Credit Union consumer loans are a replacement product but rarely do CUs market against RTO. Cooperative Federal CU in Syracuse used to run advertising encouraging their members to finance major appliances at the CU rather than through RTO. Several of the consumer advocacy groups have done studies on RTO, though now the funders have moved on to larger loans (payday and auto) which have more impact on consumers.

    What's your take on this infographic posted last week on The Consumerist and Mint.com?

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