Rental Kharma How to Avoid Financial Pitfalls

Keeping you 720 Credit Ready

They legally charge you insanely high interest rates that keep 10's of millions of Americans in a viscous financial trap.

Anyone can, however it is very common to happen to families making less than $50,000 a year.

The most common victims of predatory lenders are people that live without a credit score45 Million Americans are considered credit invisible according to the CFPB
The next largest segment of Americans affected are those living with marginal credit scores under 620
Is also very common for these predatory lenders to have retails locations in neighborhoods where families live in subsidized housing

We also include the why for each of them.

Check Cashing StoresAPRs as high as 700%
Buy Here Pay Here Car LotsFocus on people with no credit and have a 33% repossession rate, the business model of sell, repo and resell. Rinse and Repeat!
PayDay Loan StoresAPRs up to 300%
Rent to Own Furniture StoresYou end up paying 300% more for a TV or Sofa
Online stores like FingerHut200% more than Target at the of buying a toaster
Title Loan Stores In Alabama, title loan interest rates can be very high, with lenders able to charge up to 25% interest per month on the principal amount. This translates to an annual percentage rate (APR) of 300%, which is much higher than most other types of credit.
Personal Loan Stores, Need Cash For Christmas? APR* for. Cash Advances in Tennessee can reach 279%. The APR is based on the Periodic Interest Rate and Customary Fee rate used to compute finance charges on the cash advances.
Never get an auto loan at the car dealer, they will broker you to dozens of lenders and your credit score will take a huge hit from credit inquiries. Go to your local credit union and get a car loan at a good rate with NO down payment