The Consequences of Failing to Return Rent to Own Furniture

In a rent-to-own agreement, the whole idea is that the furniture remains with the tenant. They rent it, and over time, they eventually own it. However, this arrangement doesn’t mean that the furniture can be returned. Under these agreements, the tenant is responsible for making payments and eventually gaining ownership of the items. Failure to make those payments can result in serious legal and financial consequences.

In many states, it's now legally possible to be arrested for failing to return rental property, such as furniture or equipment, over a certain value, particularly in the Midwest and South. Law enforcement might be involved if the value of the goods is substantial.

Legal and Financial Penalties

Other than the risk of arrest, there are significant financial penalties involved. The furniture company can sue you for breach of contract and other related expenses, including collection costs. This means you can face lawsuits and debt collection actions if you fail to comply with the contract.

The furniture company has the legal right to repossess the furniture, much like a car repossession. They might even have law enforcement assist in the process. This form of repossession can also leave a mark on your record, reflecting poorly on you in the eyes of potential landlords, creditors, or even employers.

Consequences for Non-Payment

The furniture company will typically attempt to communicate with you, reminding you of overdue payments and offering a payment plan. If you fail to make these payments, they will eventually remove the furniture from your home. This does not end the financial liability; rather, it transfers to you the responsibility of paying for any damage or wear to the furniture. If the furniture is damaged, the company may take you to court over the issue.

Even if the furniture is returned, it won't erase the financial burden. If you have already accumulated debt, you could face severe financial consequences. In some cases, failure to address these obligations can result in legal action, making it more difficult to manage your finances or fulfill other responsibilities.

A Case in Point

A neighbor near me, who rents her furniture from Rent A Center, must be holding off on payments, as I’ve observed them come to remove the furniture on three separate occasions over four years. If you are offered rental furniture, be mindful of the commitments you’re making. Similarly, if you're in a similar situation, it's crucial to stay informed and proactive about your payment obligations.

If you're ever in a situation where you’re using rent-to-own furniture, it's advisable to understand the terms and conditions of the agreement. Failing to do so could result in the reposssession of the furniture and financial penalties. Seeking advice from a financial advisor or legal expert can also provide much-needed guidance in navigating these agreements.

Remember, the key to avoiding these consequences is to fully understand the terms of your agreement and to ensure you're making consistent payments. Failure to comply can lead to unwanted and often damaging repercussions.