Disability pensioner charged $6,760 for renting a phone that retails for around $1,800 (www.abc.net.au)

submitted 1 year ago by melbaboutown@aussie.zone to c/melbourne@aussie.zone

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Rent 4 Keeps is being sued by ASIC over avoiding protections for the vulnerable. But beware of rent to buy in general.

Also watch out for OpenPay, I almost signed up to cover my cat's vet bills but was thankfully able to manage.

I haven't personally used No Interest Loans from Good Shepherd so I can't speak to how safe and legit they are, but if you're in some unavoidable difficulty they don't charge interest and on the face of it do seem a bit less predatory.

https://news.nab.com.au/news/nab-and-good-shepherd-20-years/

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[-] briongloid@aussie.zone 4 points 1 year ago

I've always felt that this business model, which primarily targets people on payments, is incredibly predatory.

I wish people knew how to find great $300-$400 phones, I got a Poco F3 for $400 1.5 years ago with a SD870 8GB/256GB.

this post was submitted on 18 Nov 2023

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