The Rent to Own Vicious Cycle

Household Goods The 'Rent to Own' vicious cycle Many people are struggling to buy household goods and are turning to RENT TO OWN LENDERS Rent to own companies charge up to 49.9% APR Rent To Own £1250 9% 10% 12% 4% 7% High street price £470 Student Bank Car Property Smll Rent to loan loan loan loan business own loan Barnardo's has found that an individual could pay £780 more when buying through rent to own companies £1250 £470 Beko Washing Machine WMB91442LW High street provider (based on internet prices) Rent to own List price Cost of credit Optional service cover Contents cover Think ahead Number of weeks to pay for common household items: E and SAVE a saving versus rent-to-own 200- little each week Weeks to 150- save 100 - Weeks to pay off with rent to own credit 50- Saving £5 a week could mean it's possible to buy a much needed kitchen appliance and avoid 'rent to own' lenders entirely Washing machine TV Cooker Fridge designed by Information provided by Barnardo's http://www.barnardos.org.uk/a_vicious_cycle_report_online.pdf appliancesonline the appliance specialist