Elijah Grant
Rent-A-Center offers a flexible payment plan for its customers. The company has a rent-to-own business model, which means that customers can rent items from them without needing a down payment, a long-term contract, or a good credit score. The only requirement to start an agreement is to make the first rental payment, which can be as low as \$10. Customers can choose their payment schedule, and they can also upgrade their items at any time.
| Characteristics | Values |
|---|---|
| Down Payment | Not required |
| Credit Score | Not required |
| Payment Schedule | Weekly, bi-weekly, semi-monthly, monthly |
| Delivery | Free |
| Set-up | Free |
| Repairs | Free |
| Loaner Item | Provided at no additional cost |
| Payment Freeze | Allowed |
| Upgrade | Allowed |
| Return Policy | Allowed |
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What You'll Learn
No down payment needed
Rent-A-Center offers a convenient and stress-free shopping experience with its Worry-Free Guarantee. This guarantee ensures that customers do not need a large down payment to start an agreement. In fact, all you need to get started is your first rental payment, which can be as low as $10 to cover your first week, depending on the state and the products selected.
The Worry-Free Guarantee provides flexibility and peace of mind for customers. There are no long-term contracts, and you can choose a payment schedule that suits your budget, with options for weekly, bi-weekly, semi-monthly, or monthly payments. Additionally, Rent-A-Center does not require a good credit score or a minimum FICO credit score, making their services accessible to a wide range of customers.
The company also offers delivery, setup, and service at no additional charge. If a loaner item is needed, it is provided at no extra cost. Upgrades are available at any time, and payments can be paused or frozen without penalty or added interest. If an item breaks during normal use, Rent-A-Center will repair it quickly and provide a loaner item if necessary, all at no additional cost.
With its Worry-Free Guarantee, Rent-A-Center aims to make the rent-to-own process straightforward and customer-friendly. The company's flexible payment options and lack of a required down payment make it a convenient choice for those looking to rent or purchase items without the restrictions often imposed by traditional retailers.
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Choose your payment plan
Rent-A-Center offers flexible payment options to suit your budget. You can choose to pay weekly, bi-weekly, semi-monthly, or monthly. You can also set up automatic online payments or pay in-store, over the phone, or through the Rent-A-Center mobile app.
To get started with Rent-A-Center, all you need is your first rental payment. The amount will vary depending on the state and the products you select. When you start your order online, this can be as low as $10 to cover your first week, with optional fees and taxes as extra.
There is no need for a down payment, and you don't need a good credit score or a credit card to rent from Rent-A-Center. The company does not report your payment history to credit bureaus, and there are no long-term contracts.
If you need to make a late payment, simply contact the manager of your Rent-A-Center store on or before your scheduled renewal date. You can also return your product at any time and pause your payments. If you want to upgrade your product during your rental agreement, you can do so by contacting your store, and your payments will adjust based on the new product selected.
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Payment freeze assurance
Rent-A-Center offers a Worry-Free Guarantee, which includes Payment Freeze Assurance. This means that you can pause or freeze your payments at any time, for any reason, without penalties or added interest. If you need to make a late payment, simply contact the manager of your Rent-A-Center store on or before your scheduled renewal (payment) date, and they will be happy to work with you.
To pause your payments, you can contact your store to schedule a return of your product, or return the merchandise in person. When you're ready, you can come back and reinstate your agreement to get the same or a comparable item, and pick up your payments right where you left off. You don't lose what you pay into an agreement. If you voluntarily return a product before reaching ownership, you'll be given a payment protection voucher that will allow you to pick up where you left off.
Rent-A-Center offers flexible payment options, allowing you to choose a payment schedule that works for your budget. You can make payments weekly, bi-weekly (every two weeks), semi-monthly, or monthly. The first rental payment is all you need to start an agreement, and this amount will vary by state and product, but it can be as low as $10 to cover your first week.
With the Worry-Free Guarantee, you can also upgrade your rental items at any time. There is no long-term contract, no large down payment, and no credit is needed.
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No credit history required
Rent-A-Center offers a flexible payment lease agreement with no credit history required. This means that you can rent items such as furniture, computers, electronics, and appliances without needing a credit card or loan. The company does not require a minimum FICO credit score, and your payment history is not reported to credit bureaus, so it will neither help nor hurt your credit history.
The rent-to-own model at Rent-A-Center offers several benefits over credit cards. Firstly, there are no high-interest rates dependent on your credit history. Rent-A-Center does not issue credit cards, and you do not need one to make purchases. Secondly, there is no long-term contract or large down payment required. You can choose a payment plan that suits your budget, with the option to pay weekly, bi-weekly, semi-monthly, or monthly.
The company's "No Credit Option" means that no credit, loan, or financing transaction takes place. However, they may still consider multiple data points when reviewing your application, and customers with less-than-perfect credit history are regularly approved.
Rent-A-Center offers a worry-free shopping experience, allowing customers to upgrade their products at any time. The company also provides delivery, setup, and services at no additional charge, and there are no penalties or interest for late payments. Overall, Rent-A-Center's no-credit-history-required policy makes their rent-to-own model accessible to a wide range of customers.
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Repairs and replacements
Rent-A-Center offers a comprehensive service that includes repairs and replacements for rented items. If an item breaks during normal use, they will repair it quickly and at no additional cost. This includes off-site repairs, for which Rent-A-Center will provide a loaner item at no extra charge. If a product cannot be fixed, Rent-A-Center will replace it, provided the customer is up-to-date with their payments.
The company also offers a Liability Damage Waiver (LDW) program, which is optional and protects customers from liability if a rental product is stolen or damaged due to a natural disaster, fire, or smoke. Without the LDW, customers are responsible for the cost of repairing or replacing the item. By paying a small fee with each rental payment, customers can transfer this responsibility to Rent-A-Center.
Rent-A-Center provides free delivery, setup, and service for all rented products. This includes showing customers how to operate the item and use all of its features. Additionally, they offer flexible payment options, allowing customers to choose a payment schedule that works for their budget, with the option to upgrade or pause their agreement at any time.
With the Rent-A-Center Worry-Free Guarantee, customers can enjoy a stress-free shopping experience. There are no long-term contracts, no large down payments, and no credit requirements, allowing customers to start enjoying their rented items right away. The company also provides payment freeze assurance, which means customers can stop payments at any time without penalties or added interest.
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Frequently asked questions
All you need is your first rental payment. The amount will vary by state and product, but it can be as low as $10 to cover your first week.
No. No credit history is required, and Rent-A-Center does not require a minimum FICO credit score.
You can contact your store to schedule a return of your product or return the merchandise in person and pause your payments. When you're ready, you can come back, reinstate your agreement to get the same or comparable item, and pick up your payments right where you left off.
