RENT-A-CENTER STORES SETTLE WITH WV CUSTOMERS

(02/18/2009)

Rent-A-Center and a large number of plaintiffs have settled a class-action lawsuit that accused the company of violating West Virginia consumer protection law. Attorneys announced the settlement Tuesday, with a federal judge approving the settlement, About 61,000 customers have been notified. Rent-A-Center's target low-income families or families that have poor credit, renting-to-own household appliances, furniture and electronics at a higher-than-average interest rate. The lawsuit said that Rent-A-Center's prices exceeded those permitted by West Virginia statue, the company deny the allegations. With the settlement, Rent-A-Center will refund a percentage of the amounts paid by eligible customers who submit paperwork to a third-party administrator. Rent-A-Center also agreed to reduce the number of payments needed to obtain ownership for all active rental agreements in the state as of September 8.

Hur Herald ®from Sunny Cal The information on these pages, to the extent the law allows, remains the exclusive property of Bob Weaver and Dianne Weaver The Hur Herald. All information may be freely used but must not be sold or used in any type of commercial endeavor, or used on any web site without the express permission of the owners ©Bob and Dianne Weaver, The Hur Herald, 1999, 2000, 2001