Rental Agreement Rent A Center

 4 October 2021      

If an AutoPay payment project is cancelled due to the unavailability of funds or at your option, the relevant agreements are no longer registered with AutoPay and you must contact the store to make the payment or log in to your account and update “My Payment Methods” in order to provide another payment method on or before the scheduled renewal date, in order to avoid the expiration of our agreement(s). In the event that your contract expires because you do not pay an extension in due time, you will have to pay any outstanding reinstatement/delay fees, plus an amount sufficient to renew the lease according to the predetermined schedule before re-registering with AutoPay. Thousands of Rent A Center customers in the U.S. are complaining of a growing number of nuisances and ruined finances after renting furniture, electronics or equipment to the $3 billion company. Customers say their creditworthiness was unduly damaged and they were chased away by collection companies after settling their accounts. Many have documented lengthy and unsuccessful attempts to get Rent-A-Center to correct its recordings, as revealed by a joint investigation between NerdWallet and Raycom Media. Even Rent-A Center shareholders have complained and filed a lawsuit against the company, claiming that shabby recordings have harmed the business. In most U.S. industries, harassment of unpaid bills triggers regulators` alarms. However, Rent-A-Center relies on exceptions established for the entire retiree sector at own, which allows it to operate outside of many consumer protection laws.

The Federal Trade Commission, aware of the industry`s tactics, warned of the risks associated with signing Rent to Own agreements. At the state level, consumer advocates, such as Ohio Attorney General Mike DeWine, say the industry needs more regulation. Anyone considering going to Rent-A-Center for furniture and appliances should “get out of this store – don`t leave. Get out of there,” DeWine says. These terms apply to RAC and its suppliers, as well as their senior officers, directors, employees, related companies, parent companies, representatives, licensors and suppliers. . . .