Maya Chen
Rent-A-Center offers a range of rent-to-own smartphones from top brands such as Samsung and HTC. The company provides flexible payment options, including weekly, bi-weekly, semi-monthly, or monthly installments, with no long-term contracts or down payments required. Customers can upgrade their phones at any time and even keep their existing wireless plans. Rent-A-Center also offers a “No Credit Option”, which means that while credit history may be considered, it is not a loan or financing transaction. Additionally, they have implemented a Device Protection Program to safeguard devices in cases of loss, theft, or expired contracts.
| Characteristics | Values |
|---|---|
| Contract | No long-term contracts |
| Credit check | No credit check, but credit history is considered |
| Upgrade | Upgrade at any time |
| Ownership | Not until the total amount is paid in full |
| Payment options | Weekly, bi-weekly, semi-monthly, monthly |
| Payment methods | Online, by phone, on the Rent-A-Center app, or in person |
| Delivery | Free delivery and set-up |
| Cancellation | Agreement can be cancelled at any time |
| Device Protection Program | Locks a device if lost, stolen, or the contract has expired |
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What You'll Learn
- Rent-A-Center offers a no-credit option for renting smartphones
- There are no long-term contracts or down payments
- You can upgrade your phone at any time
- Rent-A-Center offers a Device Protection Program to lock a device if it's lost or stolen
- If a customer is seven-plus days late on their payment, their device will be locked
Rent-A-Center offers a no-credit option for renting smartphones
Rent-A-Center offers a wide range of top brand smartphones available for rent, including Samsung and HTC. Their "No Credit Option" means that you can rent a smartphone without a credit, loan, or financing transaction. This option is ideal for those who want to avoid high-interest rates associated with store credit cards.
The "No Credit Option" does not imply that no inquiry will be made of your credit history or creditworthiness. Instead, Rent-A-Center considers multiple data points when reviewing your application and regularly approves customers with less-than-perfect credit history. This makes their rent-to-own program accessible to a wider range of customers.
Rent-A-Center's smartphone rental process is straightforward. You can begin the lease application process online and then visit a nearby store to finalize the paperwork. There are no long-term contracts or down payments required, and you can upgrade your phone at any time when newer models become available.
In addition to smartphones, Rent-A-Center offers a variety of other rent-to-own products, including electronics, computers, appliances, and furniture. They provide flexible payment options and allow you to exchange your product at any time to ensure you have the latest technology. With their worry-free guarantee, credit is never an issue, making their products accessible to a diverse range of customers.
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There are no long-term contracts or down payments
Rent-A-Center offers a range of top brand smartphones, including Samsung and HTC, available to rent-to-own. There is no credit needed to rent a smartphone from Rent-A-Center, and there are no long-term contracts or down payments required. This means that you can make purchases without hassle and without worry, and you are not tied down to a particular phone or plan.
Rent-A-Center's flexible payment options allow you to choose a payment schedule that suits your budget, with the option to pay weekly, bi-weekly, semi-monthly, or monthly. You can also upgrade your phone at any time when newer models are offered, ensuring you have access to the latest technology.
The rent-to-own process at Rent-A-Center is straightforward. You can begin the lease application process online and then visit a nearby store to finalize the paperwork. There is no obligation to purchase, and you can cancel your agreement at any time by returning the item in good condition.
Additionally, Rent-A-Center provides a “No Credit Option," which means that while your credit history may be considered, the transaction is not considered a credit, loan, or financing arrangement. This option gives you the flexibility to acquire the products you need without the constraints of traditional credit requirements.
The company also offers a Device Protection Program (DPP) to lock a device in the event it is lost, stolen, or has an expired contract. This program helps to protect customers and their devices, ensuring a safe and secure rental experience.
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You can upgrade your phone at any time
Rent-A-Center offers a range of rent-to-own smartphones from top brands, including Samsung and HTC. The company provides a “No Credit Option”, which means customers can rent or purchase smartphones without the need for a long-term contract or down payment. This option is ideal for those who want the latest smartphone models without being tied down by lengthy commitments.
One of the key benefits of Rent-A-Center's smartphone offering is the ability to upgrade your phone at any time. This flexibility is advantageous for those who want to stay up-to-date with the latest technology and is a significant draw for customers. The process of upgrading is straightforward, and customers can initiate it online or by visiting a nearby store.
Rent-A-Center makes it simple to rent a smartphone. Customers can begin the lease application process online and then visit a store to finalize the necessary paperwork. The company offers a range of payment options, including weekly, bi-weekly, semi-monthly, or monthly installments, allowing customers to choose a schedule that suits their budget.
Upgrading your phone at Rent-A-Center is a hassle-free experience. Customers can choose from a variety of top brands, enjoying powerful performance, premium designs, and a range of features that enhance their daily lives. Whether it's for work, play, or staying connected with loved ones, upgrading your phone at Rent-A-Center ensures you have the latest technology at your fingertips.
Additionally, Rent-A-Center provides excellent customer support throughout the rental process. They offer delivery and set-up services at no extra cost and are committed to maintaining the merchandise while it is on rent. Their Device Protection Program (DPP) also ensures that devices are locked if lost or stolen, providing an additional layer of security for customers.
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$81.15 $99.99
Rent-A-Center offers a Device Protection Program to lock a device if it's lost or stolen
In 2014, Rent-A-Center (RAC) launched smartphones in all of its stores. The company offers a range of rent-to-own smartphones from top brands, including Samsung and HTC, without the need for long-term contracts or down payments. Customers can upgrade their phones at any time when newer models are released.
RAC introduced its Device Protection Program (DPP) in 2015, a technology-based solution to protect customers' devices in the event they are lost, stolen, or have an expired contract. When a device is reported lost or stolen, RAC disables the phone until it is recovered. If a device is not returned after a certain period, RAC may report it as stolen and the IMEI will be blacklisted, rendering the phone usable only on WiFi.
The DPP has been successful in reducing losses and improving collections, with millions in savings calculated within the first twelve months of the program. Over 60% of customers with locked devices either make a payment or return the device within 72 hours.
In addition to the DPP, RAC offers an optional Liability Damage Waiver (LDW) to its customers. The LDW protects customers from liability if their rental product is stolen or damaged by a natural disaster, fire, or smoke. By paying a small fee with each rental payment, customers can transfer the responsibility for repairing or replacing the merchandise to RAC.
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If a customer is seven-plus days late on their payment, their device will be locked
Rent-A-Center offers a range of top brand smartphones, including Samsung and HTC, available for rent-to-own. The company provides a “No Credit Option”, meaning no long-term contracts or down payments are required, and customers can upgrade their phones at any time. This option is ideal for those who want the latest smartphone without the commitment of a long-term contract.
However, it is important to note that Rent-A-Center does have policies in place to protect their assets. In the event of late payments, Rent-A-Center will take steps to ensure the device is secure. If a customer is seven or more days late on their payment, their device will be locked, and they will only be able to make and receive emergency calls. A message will appear on the locked device, stating that the lease agreement has expired and providing instructions to arrange payment or return the device. This measure ensures that customers are aware of the consequences of late payments and encourages timely payments to maintain full use of their device.
The Device Protection Program (DPP) is a technology-based solution implemented by Rent-A-Center's asset protection team to secure devices in cases of loss, theft, or expired contracts. This program includes measures to lock devices remotely, ensuring that Rent-A-Center can protect their assets while also providing customers with the flexibility to rent-to-own smartphones without long-term contracts.
Rent-A-Center's approach to smartphone rentals offers customers the latest devices without the commitment of a traditional phone contract. The company's policies, such as the DPP and late payment protocols, strike a balance between providing flexible rental options and safeguarding their assets. Customers can benefit from convenient access to top-brand smartphones while being mindful of timely payments to avoid device locking.
It is worth noting that while Rent-A-Center does not require long-term contracts, customers are still expected to adhere to the terms of their rental agreements, including timely payments, to maintain full use of their rented devices. The company provides clear communication about their policies and ensures that customers are informed about the potential consequences of late payments, such as device locking, to foster a transparent and reliable rental experience.
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Frequently asked questions
No, Rent-A-Center does not require long-term contracts for their rent-to-own phones. You can also upgrade your phone at any time when newer models are offered.
If a customer is seven-plus days late on their payment, the device will automatically lock. The individual will only be able to make and receive calls from emergency services, and a message will appear on the phone, stating: "This phone has been disabled because the lease agreement has expired. Please contact or visit your Rent-A-Center store to arrange payment or return the device."
Rent-A-Center offers top brands such as Samsung and HTC, with powerful performance, premium design, and a robust list of features. They also offer a No Credit Option, which means you can make purchases without the hassles of credit checks.
