20 Pros and Cons of Rent-A-Center

The pros of Rent-A-Center’s model are that it offers an opportunity for those without credit to acquire needed items, and good pay plus benefits for employees. The availability of overtime can enhance employees’ earnings significantly, offering financial upward mobility and job satisfaction.

The cons of Rent-A-Center’s model are its potentially higher overall costs compared to traditional retail, and limited selection, hindering consumer choices. For employees, the lack of consecutive days off and unsuitable hours can negatively impact work-life balance, family time, and personal well-being.


  • Rent A Center offers flexible payment plans and no credit checks, enhancing accessibility for those with financial challenges.
  • Immediate access to household items without large upfront investments benefits temporary or urgent needs.
  • Services may come with higher costs and limited selection, potentially leading to financial burden and customer dissatisfaction.
  • Traditional retail purchases provide an alternative with immediate ownership, cost savings, and lower interest rates compared to rental services.
Pros of Rent-A-CenterCons of Rent-A-Center
Flexibility in ownershipHigher overall costs
No credit check requiredLimited selection
No borrowing involvedPotential for financial strain
Flexibility in paymentsNo credit building
Access to the latest productsInconsistencies in work-life balance
Good employment benefitsUnsuitable for family-oriented individuals
Opportunity for overtimeNot ideal for sensitive individuals
Avoiding credit impactRisk of accruing unnecessary items
Immediate use of productsLimited benefits of on-time payments
Return policy flexibilityPotential for debt accumulation in other forms

Pros of Rent-A-Center

  1. Flexibility in ownership: Rent-A-Center offers a pay-to-own model that allows customers to obtain goods without the immediate financial burden of full payment upfront. This model provides an opportunity for individuals who may not have the available funds to purchase items outright, enabling them to enjoy the benefits of the product while paying over time.
  2. No credit check required: One of the significant advantages of Rent-A-Center is that it does not require a credit check for its services. This feature is particularly beneficial for individuals with poor or no credit history, as it allows them access to furniture, electronics, and appliances without the barrier of credit approval.
  3. No borrowing involved: Since Rent-A-Center’s model does not involve borrowing money, customers do not incur debt in the traditional sense. This approach can be more appealing compared to credit card purchases or loans, as it avoids interest charges and potential impacts on debt-to-income ratios.
  4. Flexibility in payments: Rent-A-Center provides customers with the flexibility to make payments according to their own schedule, which can be especially helpful for those with irregular income. The absence of a fixed monthly payment can reduce financial stress for individuals who may not have a consistent cash flow.
  5. Access to the latest products: Customers have the opportunity to rent and eventually own the latest products without paying the full price upfront. This access is particularly appealing for electronics and appliances, where having the most current models can be a significant advantage.
  6. Good employment benefits: Rent-A-Center offers great benefits and competitive pay to its employees, making it an attractive place to work. These benefits can include health insurance, retirement plans, and paid time off, contributing to job satisfaction and employee well-being.
  7. Opportunity for overtime: The availability of overtime work allows employees to earn extra income, which is beneficial for those looking to increase their earnings. This opportunity can help employees meet their financial goals faster or save for future expenses.
  8. Avoiding credit impact: Since on-time payments are not reported to credit bureaus, customers can engage with Rent-A-Center without affecting their credit score. This aspect can be particularly appealing for those looking to keep their credit history clean or are working on improving their credit score.
  9. Immediate use of products: Customers can take home and use the products immediately without the full payment, providing instant gratification and utility. This immediate use can be critical for essential items like appliances or furniture needed for everyday living.
  10. Return policy flexibility: If a customer’s circumstances change or if they are dissatisfied with the product, Rent-A-Center typically offers the flexibility to return the item without a significant penalty. This policy reduces the risk associated with the commitment to own and provides a safety net for customers.

Cons of Rent-A-Center

  1. Higher overall costs: Renting to own from Rent-A-Center can result in paying significantly more than the retail price of the item over time. The cumulative cost of rental payments can exceed the item’s value, making it a more expensive option in the long run.
  2. Limited selection: Customers might find the selection of products available for rent-to-own is more limited compared to traditional retail stores. This limitation can restrict choices, especially for customers looking for specific brands, models, or the latest technology.
  3. Potential for financial strain: The flexibility in payment schedules can lead to financial strain for some customers, especially if the cumulative cost of rentals becomes unmanageable over time. The allure of small payments can mask the total expenditure, leading to budgeting issues.
  4. No credit building: Although the lack of a credit check is an advantage for accessing products, the failure to report on-time payments to credit bureaus means customers cannot use their timely payments to build or improve their credit history.
  5. Inconsistencies in work-life balance: The absence of consecutive days off and the potential for long hours, as mentioned in some reviews, can affect employees’ work-life balance. This situation can be particularly challenging for those with families or personal commitments.
  6. Unsuitable for family-oriented individuals: The work hours at Rent-A-Center, described as not appropriate for family-oriented people, can be a significant downside for employees seeking to maintain a healthy balance between their professional and personal lives.
  7. Not ideal for sensitive individuals: The work environment and nature of the job at Rent-A-Center, described as not for those with weak stomachs or tender hearts, may be challenging for individuals sensitive to tough situations or high-stress environments.
  8. Risk of accruing unnecessary items: The ease of acquiring items through rent-to-own can lead to accumulating unnecessary products, potentially leading to clutter or financial waste on items that are not essential or ultimately desired.
  9. Limited benefits of on-time payments: While Rent-A-Center offers a way to acquire goods without upfront costs, the lack of benefits for on-time payments, such as credit score improvement, diminishes the financial management incentives that other forms of credit offer.
  10. Potential for debt accumulation in other forms: Even though Rent-A-Center’s model does not involve traditional debt, customers who struggle to keep up with payments may resort to using credit cards or loans to keep their accounts in good standing, indirectly leading to debt accumulation.
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Payment Flexibility

Rent A Center offers unparalleled payment flexibility, providing customers with a variety of plans including weekly, bi-weekly, and monthly options to suit their financial circumstances. This adaptability is a cornerstone of their business model, aiming to accommodate the diverse economic situations of their clientele. By offering such a range of payment frequencies, Rent A Center ensures that individuals can select a schedule that aligns with their income flow, whether it be from employment, benefits, or other sources.

The ability to customize payment plans further enhances this flexibility. Customers are not locked into a rigid payment structure but can adjust their commitments based on changing financial needs. This might include altering the amount paid per period or temporarily adjusting the frequency of payments to navigate through tighter budgetary months. Such customization is invaluable in fostering a sense of control over one’s finances.

Moreover, the option to modify payment amounts as circumstances change helps customers avoid the stress of financial overcommitment. This approach to payment flexibility not only aids in managing expenses more effectively but also in maintaining a positive rental experience with Rent A Center.

No Credit Checks

no credit history required

One significant advantage of utilizing Rent A Center’s services is the elimination of credit checks, allowing customers to access rental items without concern for their credit history. This policy opens the door to a broader range of individuals, especially those who may have faced financial challenges in the past or are currently working to improve their credit scores. The simplicity and immediacy of the application process further enhance the appeal, as it ensures that a wide array of household items becomes accessible without the usual barriers imposed by traditional credit evaluations.

With an approval rate exceeding 90%, Rent A Center stands out as a remarkably inclusive option. This high approval rate underscores the company’s commitment to providing access to necessary household items for a vast majority of applicants, irrespective of their financial background or credit history. Additionally, the flexibility embedded in the lease agreements allows customers to tailor their rental durations according to their specific needs and circumstances, offering a level of customization and control rarely seen in conventional rental or purchasing scenarios. This approach not only bolsters accessibility but also aligns with the diverse needs and preferences of the customer base, further solidifying Rent A Center’s position as a user-friendly solution for accessing household items without the prerequisite of a favorable credit history.

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Immediate Access

quick and easy access

Providing immediate access to a variety of household items, Rent A Center eliminates the need for a large upfront investment, thus catering to urgent or temporary necessities efficiently. This model is particularly beneficial for customers in need of essential products swiftly, without the financial burden of immediate full payment. Rent A Center’s approach broadens the accessibility of higher-end items, allowing consumers to enjoy quality products that might otherwise be out of reach due to cost constraints.

The service is especially advantageous for individuals in temporary living situations or facing sudden needs, such as relocating for work or experiencing a family change. The convenience of acquiring necessary household items without the requisite of a large initial outlay facilitates smoother transitions during these periods.

Furthermore, Rent A Center’s model of immediate access significantly widens consumer accessibility. It offers a practical solution for those looking to furnish their living spaces quickly and efficiently, without the delay that traditional purchasing processes might entail. This immediacy not only enhances convenience but also ensures that customers can maintain a comfortable standard of living, even in the face of unforeseen circumstances or financial limitations.

Limited Selection

large store few options

While the immediate access to household items presents a significant advantage, the limited product selection at Rent A Center may pose challenges for customers seeking specific preferences or brands. This scarcity in options could lead to a situation where the needs and desires of the customer are not fully met, due to the restricted range of products available. The issue is compounded when considering the limited availability of certain brands or models, which can significantly narrow down the choices for consumers who have a particular brand loyalty or are in search of a specific item that matches their requirements closely.

Moreover, Rent A Center’s inventory might not adequately cater to niche markets or specialized needs, leaving a segment of potential customers underserved. This lack of variety and specialization can result in customer dissatisfaction, as the selection available may not align with their expectations or needs. As a consequence, individuals looking for a broader range of options or specific brands might find Rent A Center’s offerings limiting, pushing them to look elsewhere to fulfill their requirements. This limitation underscores the importance of thoroughly evaluating one’s needs against the inventory of Rent A Center before making a commitment.

Higher Costs

increased tuition and fees

The financial implications of opting for Rent-A-Center’s services are considerably higher, primarily due to elevated rental fees and additional hidden costs. When individuals choose Rent-A-Center for their furniture, electronics, or appliance needs, they are often unaware of the long-term financial burden they are committing to. The allure of immediate possession without upfront payment is overshadowed by the cumulative costs that can significantly exceed the item’s original value.

  • Significantly Higher Rental Fees: Compared to traditional retail prices, Rent-A-Center’s rental fees can lead to customers paying much more over time for the same product.
  • Accumulation of Hidden Fees: Additional costs, such as delivery charges and late payment penalties, can unexpectedly inflate the total amount owed, making it challenging for those on a tight budget.
  • More Affordable Alternatives Exist: Exploring other options like buying second-hand items or utilizing layaway plans at traditional retailers can prove to be more cost-effective than the high costs associated with Rent-A-Center’s services.

Contract Terms

negotiation and agreement details

In exploring the contract terms at Rent A Center, it’s crucial to understand the nuances of agreement length, early termination penalties, and renewal conditions. These elements play a significant role in the flexibility and financial implications of renting from the company.

Given the absence of long-term commitments and credit checks, these contract terms offer both opportunities and challenges for consumers.

Length of Agreement

Understanding the length of the agreement, which varies from weekly, bi-weekly to monthly options, is crucial when considering a rental contract with Rent A Center. The flexibility in contract terms allows customers to tailor the agreement to their specific needs and financial situations, which can significantly influence the overall cost and payment duration.

It’s important to consider how the length of the agreement interacts with the total cost, as longer terms might lead to higher overall expenses due to the accumulation of fees and interest.

  • Flexible options: weekly, bi-weekly, monthly
  • Customizable length tailored to customer needs
  • Longer agreements may result in higher overall costs
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Early Termination Penalties

Opting to terminate a Rent A Center agreement prematurely can lead to significant early termination penalties, as outlined in the contract terms. These penalties are imposed to compensate Rent A Center for the loss of expected revenue when items are returned before the end of the lease period.

The specific penalty amount varies, heavily dependent on the clauses stipulated within your individual rental agreement. Such charges generally manifest as fees for breaking the lease agreement early.

Given this financial risk, it’s imperative for customers to meticulously review their rental agreement to fully understand the financial implications of early termination. Awareness and understanding of these potential costs are crucial for making informed decisions regarding the termination of a Rent A Center contract.

Renewal Conditions

Rent A Center offers customers the opportunity to extend their rental agreements under flexible renewal conditions, catering to various financial situations and needs. These renewal terms are designed to make the continuation of service convenient and accessible, without the pressure of long-term commitments or the need for a significant upfront investment. The process is inclusive, making it an attractive option for a wide range of individuals.

  • Flexible Renewal Options: Choose from weekly, bi-weekly, or monthly extensions.
  • No Long-Term Commitments: Easily adjust payment frequency and duration to suit changing needs.
  • Accessible to All: Renew without a credit check, welcoming those with various credit histories.

Rent A Center’s approach to renewal conditions exemplifies its commitment to providing adaptable and customer-friendly solutions.

Alternative Options

exploring different study methods

Exploring alternative options to Rent A Center is essential for consumers seeking more economical or flexible solutions.

Traditional retail purchases, online rental services, and peer-to-peer lending platforms offer varied benefits, from potentially lower costs to more adaptable payment terms.

These alternatives merit consideration for those looking to circumvent the high fees and rigid contracts associated with Rent A Center.

Traditional Retail Purchase

Considering traditional retail purchases offers a financially savvy alternative to Rent A Center, providing consumers with immediate ownership and potential savings on their acquisitions. Traditional retail buying eliminates the markup and additional fees commonly found in rental agreements, making it a more economical choice in the long run. Retailers like Lowes even offer financing options with lower interest rates, further enhancing the financial benefits of purchasing over renting.

  • Immediate Ownership: Buying outright means you own the item from day one, bypassing the wait of rental agreements.
  • Cost-Effective Financing: Retail stores often provide financing options that are more affordable than Rent A Center’s terms.
  • Secondhand Savings: Exploring secondhand options like Goodwill can unveil even more affordable alternatives, without the high costs associated with rental services.

Online Rental Services

Moving beyond traditional retail and rental options, online rental services such as Rent the Runway present a modern approach to accessing designer clothing and accessories for short-term use. These platforms offer a broad selection of high-end products, eliminating the need for ownership commitment.

The convenience of online rental services allows users to easily browse, order, and return items from home, saving both time and money on occasional-use products. Furthermore, these services often include additional benefits such as insurance, cleaning, and shipping, providing a hassle-free experience.

Peer-to-Peer Lending

While traditional banking institutions have long dominated the lending market, peer-to-peer lending platforms offer a novel and more personalized approach to borrowing and investing. These innovative platforms bridge the gap between individuals seeking loans and investors looking for opportunities to earn returns, bypassing the complexities and rigidity often associated with conventional banks.

  • *Peer-to-peer lending platforms connect borrowers and investors directly, fostering a more transparent and efficient lending environment.*
  • *Competitive interest rates on these platforms can be more attractive than those offered by traditional financial institutions, benefiting both borrowers and investors.*
  • *These platforms provide borrowers with access to funds for a wide range of purposes, including debt consolidation, home improvements, and small business financing, offering more flexibility than typical bank loans.*


In conclusion, Rent-A-Center offers a unique solution for individuals seeking immediate access to household items without the necessity for credit approval, providing payment flexibility and inclusive services.

However, this convenience comes at a cost, including potentially higher overall expenses, restrictive contract terms, and a limited selection of products. Consumers should carefully consider these factors alongside available alternatives before committing to this model.

The evaluation of Rent-A-Center’s offerings underscores the importance of informed decision-making in financial and contractual commitments.