EP #6 Financial predators are everywhere -- in every town, in every state, and on almost every main street through town. In part one of "The Wolves of Main Street", we're talking about the rent-to-own industry, payday loans, and check cashing or check advance stores. Learn the deeper truth about these industries, and how they can cause financial ruin with APR percentages in the hundreds.

Takeaways

• Renting-to-own anything hits you on two fronts -- price inflation and lack of credit reporting.
• Payday advances can get you in a bind quickly, especially with the aggressive repayment schedules.
• The checking blacklist leads to the need to use check cashing stores, which have very high APR's and fees. 
• There's ways to avoid these pitfalls and solutions to never have to use them again!

Want to watch this podcast? Here's the link for our YouTube channel!

Check out our sponsor -- Rental Kharma
https://www.rentalkharma.com

Season One Intro Music: https://uppbeat.io/t/cruen/camping
License code: AACFPDP424VK449S