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Rent-A-Center is an American public furniture and electronics rent-to-own company based in Plano, Texas. [3] The company was incorporated in 1986 and as of 2014 operates approximately 2,972 company-owned stores in the United States, Puerto Rico and Mexico, accounting for approximately 35% of the rent-to-own market in the United States based on store count.
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Accusing Rent-A-Center of using collection tactics and charging fees just this side of a loan shark, Washington state is asking a judge to declare the practices illegal and halt them.
Rent a center uses a 2x minimum markup formula on all of its rental items unless it is a damaged or discontinued item for example if a tv costs 250.00 it would be marked up to 500.00.So it is safe to say that the minimum mark up on Rac items is 2x and in some cases possibly more.
Lease purchase agreement (click to view pages) Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during ...
Mark E. Speese (born 1957) is an American businessman who founded Plano, Texas-based rent-to-own company Rent-A-Center in 1986, growing the company to almost 3,000 company-owned stores in the United States and Mexico. [1] Speese served as the company's CEO from 2001 to 2014 and again from 2017 to 2018.
ColorTyme is an American rent-to-own business, currently a wholly owned subsidiary of Rent-A-Center. Litigation. In 1994, ...
A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.