Provides consumer goods on rental purchase arrangements
Rent-A-Center, Inc. provides an easy, affordable way for people to furnish their homes without incurring a continuing obligation and without needing access to credit.
Its stores generally offer high quality durable products such as major consumer electronics, appliances, computers, and furniture and accessories under flexible rental purchase agreements that typically allow the customer to obtain ownership of the merchandise at the conclusion of an agreed-upon rental period.
The company operates its business through the following segments: Core U.S., RAC Acceptance, International and ColorTyme.
The Core U.S. segment primarily operates rent-to-own stores in the United States and Puerto Rico whose customers enter into weekly, semi-monthly or monthly rental purchase agreements, which renew automatically upon receipt of each payment.
The RAC Acceptance segment provides an on-site rent-to-own option at a third-party retailer's location.
The International segment consists of the company-owned store locations in Canada and Mexico, which is expanding its rent-to-own operations.
The ColorTyme segment is a national franchisor of rent-to-own stores that use ColorTyme's trade names, service marks, trademarks and logos, and operate under distinctive operating procedures and standards.
Rent-A-Center was founded on September 16, 1986 and is headquartered in Plano, TX.