Rent A Center

No credit check, low weekly payments and carry it home today? If you think rent-to-own stores' deals are too good to be true, you're right. They're a ripoff that leave unwary consumers paying the equivalent of up to 311% interest, according to a new investigation by Consumer Reports.

Last month, the Washington State Attorney General sued Rent-a-Center, a leading rent own store operator, accusing the company of a slew of illegal, anti-consumer practices.The most puzzling part of the story, for me at least, was the fact that former Los Angeles Lakers star Magic Johnson is working...

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. The allegations are another black eye to the business of renting furniture, electronics and appliances to those...