Teens and Rent-A-Center

I've never heard of rent-a-center but I'm sure there will be an equivalent shop in the UK. The fact that they allowed a teenager to rent an xbox is criminal and a very nasty but probably lucrative business, as if they complete the payments they will have paid more than the thing is worth and if they don't, that's money down the drain.

Businesses like that make me sick. I hate all the cash converters and the cheque cashing shops that have sprang up everywhere. They don't do any good at all and I wish people didn't have to use them.

If they are both under 18 I don't see how they could have rented from rent - a - center. I think you have to be at least 18 due to there being a contract. If you wanted to you could make him take it back and probably get ALL his money back considering he can't legally sign a contract.

Yes you do spend almost twice the amount of what the actual item is because you are financing at a HIGH rate. If he does make a payment they take it back like a repossesion.

That is quite sad for businessess to do that especially from these rent a center thing. They will give low monthly payments but by the time you will calculate all that you have paid, it will result to you paying like 2 to 3 times more than what the actual item is for. One thing too is that, you don't know if the item you are getting was a repo and how many owners had it has.

A friend wanted to get a computer from one of these centers and I told her mother never to do that because she can just save for it and buy the item in cash. She wanted a laptop and from these rent a center, she will have to pay more or less over a $1,500. IF you get it in cash, you can have one for $500.

But then, there are many that thinks it is not that bad to pay a little amount each month. They are just thinking for the short-term and not on the longer term impact. And these businesses thrive on that mentality, sad to say.

Couple different things here.. Is she 18? If not one of them has a fake ID. Someone below 18 wouldn't be rented to. As far as job goes, they dont generally ask employeer how much is made, just varify person works there. As far as blameing business for ripping people off, yeah they do. BUT they are riping off adults. IF you have such a problem with this sit down with the young couple and explain the simple math behind paying off something and interest verse saveing up and buying. reality is this discussion should have been happening all there life. Both my mom and grandparents took every oppurtunity to show me difference. Though at 18 i still got in some credit card trouble, i was well aware of who's fault it was. Make them sit down and do the math on price they paid and interest verse saving 30 dollars a month and going to kmart or walmart to get it.

side note at 17/18 years old, senior in high school in ap classes i worked a full time job at mcdonalds, and kept my grades up. no reason they bring in 80 between the two.

I have never even thought about this, and I know they don't do credit checks however I don't think the teenager realized that he was only getting a 'rented' 360.

But while they don't do a credit check they should inquire about the age of a person who is renting, and I would think that you had to be over 18 year old to do so.

And that's where it comes in, that people who have bad credit need something so they rent it and what they don['t realize is that they pay far more for it than they would have if they saved the money and bought it outright.

I would go into the rent a center and ask them what they did renting to teenagers in the first place, and what would have happened if your stepson had sold the console?

I'm not sure even he knew she rented it.

Mooch

I bought a few items from Rent-a-Center like my sofa and some other furniture when my credit was bad. Luckily, my credit is much better now and I don't need to do things like that. Rent-a-Center charges WAY too much and I would never go there again!
Also, I thought you had to be 18 years old to enter into a contract? You might want to contact a manager and let them know the contract is not valid because it was not signed by a legal adult! No one under 18, as far as I know, can be bound by a contract until they sign when they are of legal age. ...

I don't know how they could have gotten a contract with a minor because no one can make a contract with a minor it is not legal in California and its to bad they didn't ask there parents to help them put it on lay-a-way for them it would have been cheaper for them to do that.

I would have thought you needed to produce some ID before renting anything.
So the question you should maybe, be asking him is where they got the ID from.
If they have false ID, they are going to end up in all sorts of financial trouble.