Lease to Own Scams

Lease to own scams are a type of predatory lending that targets vulnerable individuals and families, often resulting in financial exploitation. The National Consumer Law Center has issued guidelines for avoiding lease to own scams. The Federal Trade Commission (FTC) has issued guidelines for rent-to-own transactions, emphasizing the importance of clear and transparent contracts. To avoid falling victim to these scams, it's crucial to be aware of the warning signs, such as unusually high fees, lack of transparency in the contract, and pressure to sign the agreement quickly.