Kmart Rent-to-Own Turns $300 TV Into $415 Buy

Kmart Rent-to-Own Turns $300 TV Into $415 Buy Play

Nov. 13 (Bloomberg) -- Kmart is introducing a rent-to-own program charging the equivalent of 100-plus percent annual interest, a move into a business that has drawn criticism for hurting low-income consumers. Deirdre Bolton reports on Bloomberg Television's "In The Loop. (Source: Bloomberg)

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