How do rent-to-own stores survive in spite of deadbeats?

Such as when someone rents a laptop computer from them, then 3 months later gets laid off and moves to another city to get another job, and takes the laptop with them, and stops paying. Then the rent-to-own store has all the expenses of skip tracing etc. And what if the customer already had bad credit and was being hounded by collection agents? The rent-to-own store advertises "no credit check" which implies they don't care if they rent to deadbeats. How do they survive all the losses?

2 months ago - 1 answers