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Rent-to-own firms ‘selling to vulnerable people’ – Rent-to-own companies are selling products to vulnerable people with. As Paul wished to remain anonymous, BrightHouse were not provided with sufficient information to comment on his individual case.
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This helped formalize the rent-to-own model, whereby tenants can have a portion of their monthly rent payments accrue toward a down payment to eventually buy the home they’re renting. With the rent-to-own option now available to more tenants to buy a house or condo, many consumers ask: how does rent-to-own work?
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