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Get into loans to cover rent? Ca business finances your very own lease with high-interest lending products

Get into loans to cover rent? Ca business finances your very own lease with high-interest lending products

Some authorities fret it could generate renter’ difficulty bad

As growing prices depart numerous gulf locations residents striving to cover book, one business offers a forward thinking but debatable option for renters in a bind — loans the rent with a high-interest funding.

Santa Monica-based Domuso allows some neighborhood renters to take out six or 12-month financial products at a normal annual monthly interest rate of 27 percent in order to avoid paying late charges to their landlords or chances getting rid of their houses.