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Author:Lacko, J. M.
McKernan, S.-M.
Hastak, M.
Title:Customer Experience with Rent-to-Own Transactions
Journal:Journal of Public Policy and Marketing
2002 : SPRING, VOL. 21:1, p.126-138
Index terms:EMPIRICAL RESEARCH
CUSTOMERS
TRANSACTIONAL ANALYSIS
ANALYTICAL REVIEW
Language:eng
Abstract:The authors examine the characteristics and experiences of rent-to-own customers using a nationwide survey of 532 customers and 11,575 noncustomers. The authors find that most customers have low incomes and education levels, but most have a motor vehicle and some type of credit card or bank account; most customers use rent-to- own transactions to purchase merchandise, not merely as short-term rentals; and most customers are satisfied with the transactions and are treated well if they are late making a payment, though some experience abusive collection practices. The authors discuss the implications of the findings for public policy.
SCIMA record nr: 236677
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