I'd say it's more a case of exploiting idiots rather than the poor.

So predatory. After the 2010 Olympics in Vanacouver, I had to take nack a lot of furniture and you just wanto to plead for the consumer-just let them have the dishwasher-they paid for it 6X over already FFS!

this is a great idea. redistribute the foolish payments to the shareholder. dont hate the player hate the game

bro acts pike god of business in shark tank I thought there is more to it

Wow just wow!

It’s just mortgage for everything else, although 2 years for 150%, they made that legal? Certain credit cards or bank offer 0 interest instalments, also if they don’t need any from of credit check, there is a good chance they get screwed over by defaults, I am assuming they make enough from the ones who don’t defaults to cover for the ones who do?

A dating app is literally selling yourself as a product for sex

I think you've missed a point brother. Chances are, it's not a matter of ignorance, or a lack of patience. Once people are caught up in the cycle of debt. Like say your washing machine breaks. You need a washing machine and they can be super expensive. So getting caught up in an exploitative financal situation, can lead to a compounding effect on that exploitation. $19 a week for a monitor? Well if you're already financially in the hole. You can maybe stretch $19 more. I think if it was purely a lack of mathmatic skill. Or patience, you'd see these kind of stores all over. Not purely where people are already debt ridden

Mafia influence marphed into 100% Mafia owned and operated. So. What College gives an MBA (Mafia Business Associate)? Interesting Board Of Directors too. I.N.O. is not an I.P.O. (In Name Only) I.P.O. (Idiot Phase Out) Lot's of Incest about this one!

It’s a good burger. Been to a few of them. 1 in South Lake Tahoe and 1 in thunder valley casino

Lucid need a model 3

Its time to go back to making credit hard to get, the poor need to be shown how easy their life is made by others

Should be outlawed.

99 weekly payments?! Holy shit

I knew someone who operated in the sub prime sector in the UK and in response to my query over ethics he pointed to the catastrophic delinquency rate and also the intent of the customers. He would say you paint a very rosy picture of the consumer, that these are in fact victims, he said a large proportion of his customers were people with no intentions of meeting their commitments who ran up loans all over the place. So I now view these places as yes bad, but offering perhaps the service level that matches the intentionality of many of its customers, with the good customers having to subsidise the bad.

It's one of those "How could this possibly exist?" industries where, at face value, the whole thing is so absurd you'd think it couldn't have customers, but people either want something desperately enough, don't really think about the prices, or plan on defaulting while keeping the item. And apparently there are enough people with bad enough credit they can't just get normal financing which, for some retailers, has a zero-interest period where it can be repaid. (Not that I'd opt for financing anyway -- if I couldn't afford something like furniture, an appliance, or a gadget, I'd sooner just do without it or find a cheaper substitute.)

Just as a curiosity, in 2005 during one of my economics classes ( as an uni undergrad student) the topic was the looming economic crisis in the USA caused by risk caused by large quantities of bad loans taken by major financial institutions related to housing and mortgages. This was discussed as a known and understood issue among academics at the time, my professor even implied and discussed the inability of other states to dig the USA out of their financial issues because no other economy is big enough to bail out the us banks. Since the causes were well known, the situation was so clear to be studied in universities in the UK, how come nobody did anything??? I always found incredible to believe this crisis was nothing other than planned and wanted by large operators that made billions in the process getting rid of weaker competitors and siphoning even more money out of governments and pension funds.

The poor keep themselves poor. RAC is just one of many businesses that provide them an outlet to make another bad decision.

And people are mad about petty crimes, while companies robberies go not publicized! White collar crimes. The usual suspects.

I like Fatburger…veggie burgers.

Lucid is not paying to the car hauling trukers companies

5:55 comically Black Women - White Men pairings are the most stable financially out there. Poor choice of clips :D

If you have to take a LOAN then you do NOT AFFORD to have that good or service and should do without it. Else debt will crush you eventually. You americans never understood that.

So basically rent-to-own are loan sharks who inflates the interest rates and humiliates their clients when they can't reach their payments . wow just like the gangsters in South Korea and Japan .

These are folks whose credit was burned to ash ages ago. Their only option are RAC’s and the “no credit/no problem” used car lots. The interest is so high because so is the risk.

This is why I refuse to rent or credit items I'd like to purchase. I worry if Ubisoft is going to apply this trick after we are "comfortable" of rent.. not owning games.

Caveat emptor. Don't neglect math in school and you'll be all right.

What I found interesting about AIG is that only Greenberg could understand in 2008 how everything fit together and was brought back in to work through the financial problems

Being able to remember a time where it took 6 to 8 weeks to receive anything online makes me feel old 😅

Who wants to support a bigot?

I understand that people take issue when people get stuck in cycles of debt, but fundamentally, this isn't the company's fault. If a consumer wants to make consistently impulsive purchases, it's not our job to fix their lives for them, people should be more responsible with their money. Also important to keep in mind is that because these people have terrible credit, no sane person would lend to them on a conventional financing deal. You might think that a mattress is only worth say $1000 because there's competition out there, but if you had no mattress you would definitely think it's worth more than that, maybe $4000. If we pretend RAC doesn't exist, then people might be left with no mattress whatsoever - and it's not fair to put our moral indignation over somebody's own choices about their own lifestyle.

Honestly every fortune 500 company at one point had “junk bond” status. If you invest in these bonds just understand what you are doing. Hedge your investments. Just play with these with a small amount of capital. Mark it as an expense. If it nets a profit good if not then you didnt lose your retirement. Also make sure your hedge fund doesnt deal with junk bonds.

Typical suspect

What a corrupt POS. Sickening.

Where can I invest!

A great product sells itself. Sadly EV's are not great products. The entire industry is facing bankruptcy.

*LIAR!* breaking into the software industry *HAS NEVER BEEN HARDER!* I have a BA in computer science, big projects on my github, and I work as a material handler putting books into boxes all day because there are NO jobs in computing! None!

One of the sad things about all this is that “banks that return earnings to customers instead of keeping all the profits” already exist. They’re called credit unions. It’s not a new or revolutionary concept like Celsius and it’s promoters acted like it was. Sure, your local credit union isn’t as sexy as a “disruptive crypto tech company with slick branding and marketing” but it *actually does* what Celsius claimed to do except it’s legitimate, regulated, and insured. (And yeah, I do get better rates than big banks at my credit union because it gives profits back to members. But it sure ain’t 8-12%.)

Drones were the make-or-break moment for GoPro. I think it was the right choice to try it, but yeah DJI utterly crushed them on that front. If anything GoPro should've tried to get acquired by DJI back when negotiations were still open.

"Poorer region." They're not getting rich off the few 10's of thousands in Alabama, they're getting rich off the hundreds of thousands of poor in CA and NY. You should probably cite your graphs and not just single out the "country bumpkin" stereotype. Who's paying you for your videos?

I was born and raised in Milwaukee, WI. I had no idea why there were no rent a centers and a bunch of get ut bow locations in the city.

They aren't a monopoly but they sure are anticompetitive

Shari Redstone is 70 years old. How much more money does she need? Human greed knows no bounds. She needs to step down.

Fatburger was a Los Angeles celebrity and local favorite started by a black woman in 1952. Buzz slowed after it was sold to investors

Regulated in Bahams .. sure that is fine jurisdiction

Your naivete is amusing. Rent-A-Center's net profit margin is 4.3%. Meanwhile, Apple's is 25%. The iPhone they charge $1000 for costs $600 to manufacture. Thunderbolt 4 cable..$159. So why is Rent-A-Center the greedy ones? And why does being the appliance provider of last resort suddenly make them the cause of people's endless parade of poor life choices? And let's be honest; if these people weren't spending $20/week on a refrigerator they'd be spending it on booze, weed, meth, hookers, or at the club. No one is missing out on a Harvard education because of rent-to-own payment.

Knew an older couple who tried our Wii, and really wanted one (we're talking a decade ago), I paid $150 for ours, they rent-to-owned one for $500+ over 2 years, and they were fine with it. Sometimes you can't help people...

Fresh new topic for last week tonight to rip off

I went there once when I was young. It's not that hard to see they overcharge. They target the uneducated.

Rent a centre doesn't keep anyone poor. They are poor because they are financially illiterate. If everyone knew how the economic system works, everyone would rebel immediately.