What happens if you miss a payment on Rent A Center?

If you ever need to make a late payment, simply contact the manager of your Rent -A-Center store on or before your scheduled renewal (payment) date – we’ll be happy to work with you! At any time, you can contact your store to schedule a return of your product or return the merchandise in person and pause your payments.

Has anyone went to jail for not paying rent a center?

This is an offense for sure but a civil offense, not a criminal offense so you cannot go to jail. There is a public record however, as there is with all court cases and the credit agencies would pick that up.

Can rent a center call your job?

We will make an attempt to call you for payments, literally 3 times a day. And it’s not just you. Usually we will call your home or cellphone first. If there is no answer we will call your work phone.

Can you cancel Rent-A-Center?

Rent-A-Center Payment Policy Customers typically can terminate their leases at any time and return the goods, or pay until they own the items.

Will not paying my rent affect my credit?

Landlords generally don’t report unpaid rent to credit bureaus. However, once your account goes to collections, the collection agency will likely report it. Collection accounts stay on your credit report for seven years and can significantly hurt your credit score.

Do late rent payments show up on credit report?

Late fees add up and missing a rent payment can significantly impact your credit score. By law, your rent is due on the date that’s specified in your lease. Most landlords impose a late fee of five to 10 percent and report late payments to credit agencies after 30 days past due.

What happens if you are late on a rent a center payment?

As soon as your payments are late, Rent-A-Center begins charging fees to your lease account and will likely try to contact you or your references. If Rent-A-Center cannot reach you and you do not bring your account current, the company may take you to civil court.

What should a landlord do when a tenant pays rent late?

At one time or another, every landlord must deal with a tenant who pays rent late. If this is a one-time incident involving a good long-term tenant, someone who wants a few extra days to pay rent one month, you might agree to the tenant’s request.

What happens if you pay rent on the second day?

If you pay on the second, you won’t have to pay a late fee, but your payment may still be flagged as a late payment. The amount of your late fee varies by state law and individual property management companies. It could be a flat fee or a percentage of your rent.

What happens if you don’t pay your rent for 90 days?

Actually, they cannot enter your home without your consent, so they will need a court order to force you to open up for them. If you are 90 day’s late on your payments, your credit will be “tarnished”, but will improve itself within time.