i am refusing to return merchandise to a rent to own company. they are threatining imprisionment. I need to know if this is possible. And how would they go about repossessing thier merchandise.
2006-09-04 06:32:26 · 8 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Yes it is called theft!!!!! Is the merchandise paid off? If you signed an agreement to pay to own, you will be in default. Rent to own companies have the right to retrieve the items rented if payments are not received.
2006-09-04 06:39:20 · answer #1 · answered by CJD 1 · 1⤊ 0⤋
Without the item and state of residence I can not tell you if imprisonment is possible, but legal action is. I figure this item is a vehicle of some sort, and in that case its most likely a gross misdeamor. They could charge you a fine, which would then get you put in a credit agency, who could then cause the item and any items of similair value for length you did not pay, to be repoed and very least.
2006-09-04 06:35:45 · answer #2 · answered by sondra j 3 · 0⤊ 0⤋
you may nicely be charged with theft. Your credit would be ruined extra advantageous than it already is with the help of not paying on time. yet your credit checklist won't look so undesirable in case you come the flaws and in simple terms owe some money. don't be linked to cloth issues. this could impact you sometime in case you word for college, commerce college, or credit enjoying cards or mortgages in an prolonged time...do not placed your self in that place. have faith it or not credit scores are extra considerable than you think of. further and extra employers are finding at their workers credit scores to be certain if a possible worker is to blame and truthful with the help of paying what they commit to pay for. stable good fortune and do exactly the main appropriate element for your self and the corporation which you rented from.
2016-11-24 21:21:40 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Well.why are they wanting to have it back if it is rent to own? Have you stopped payments? If so, then the article is not yours but theirs. If you have not payed in full then what you are doing is stealing in actual fact. I am NOT judging just seeing it as it is cause you don't give full story. So depending on the value of the article it might be worth their effort to take you to court or if it is of little value perhaps not. They would probably hire a collection agency to reposses. Sorry, my opinion only. Try to work something out.
2006-09-04 06:45:20 · answer #4 · answered by J. A. M. 4 · 0⤊ 0⤋
You rented it. They OWN it. If you don't return it, that's theft. And that means jail time for you if they win and you can't justify your reasons for keeping the merchandise that didn't belong to you in the first place even if you rented it.
2006-09-04 06:39:01 · answer #5 · answered by Equinox 6 · 0⤊ 0⤋
it called obtaining property by false pretense and based on the value it can be a felony charge. you might want to look over the contract that you signed also, it will state that you will have to pay
the cost of recovery fees (lawyers, court cost,etc,) is it really worth it? they can also ruin your credit.
2006-09-04 06:44:39 · answer #6 · answered by barrbou214 6 · 0⤊ 0⤋
ITS HOWEVER THE ORIGINAL CONTRACT WAS WRITTEN WHEN YOU SIGNED TO LEASE THE ITEM....
2006-09-04 06:45:03 · answer #7 · answered by flowerspirit2000 6 · 0⤊ 0⤋
i think so if u haven't made a payment.
2006-09-04 06:54:38 · answer #8 · answered by jenny25 1 · 0⤊ 0⤋