Rent-A-Center Credit Questions You’ve Been Dying to Know

Young couple going through bills and paperwork together

You will love that Rent-A-Center isn’t like other furniture and appliance stores. You can get the products you want from the big brands everyone knows, like Ashley Furniture and Maytag, but without applying for a credit card or small loan. That means you don’t have to wait to buy a new washer and dryer when your old set breaks. And when the school year starts, you can get your student a new laptop, no matter your credit score.

It almost sounds too good to be true. But it’s not. And it’s okay to have questions about how it all works.

1. Does Rent-A-Center check credit?

No. Rent-A-Center does not check credit. We have a firm no-credit policy, and we stick to it. We don’t charge high interest rates that are dependent on your credit history (because we don’t check) and if you fall behind on your payments, you can stop or freeze them at any time, as long as your contract is in good standing.

2. Does Rent-A-Center build credit?

Rent-A-Center lease-purchase agreements do not help build credit. However, we do have some helpful suggestions for building your credit in other ways.

Remember that your credit score is a number that tells a lender or bank how “creditworthy” you are when it comes to paying back a loan. Late payments on bills and high balances on credit cards can negatively impact your score.

One of the best ways to build credit is to pay your bills on time. Car payment, utility bill, or rent — whatever the bill, do your best to pay it on time. Work to pay down credit card balances, too. You’ll be able to avoid extra fees and other charges that some companies tack on for late payments.

“If you are trying to establish a strong payment history, you can do so by making small purchases on your credit card each month, paying the balance in full, and making sure all payments are made on time,” advises Experian, one of the largest credit reporting companies.

3. Does Rent-A-Center report to credit bureaus?

No. Rent-A-Center does not report your information to the three main credit bureaus, Equifax, Experian, and TransUnion. After all, you’re not shopping with credit when you come to Rent-A-Center. A rent-to-own agreement is more like a lease, not a loan, and doesn’t accrue interest.

4. Is Rent-A-Center worth it?

Yes, many shoppers would say that Rent-A-Center is worth it! Rent-A-Center isn’t the right choice for everyone, but it’s an excellent choice for shoppers who want options, convenience, and quality — all without credit restrictions and high interest rates.

Unlike other retail stores, Rent-A-Center doesn’t push you to open up a credit card with a high interest rate so that you can afford the furniture, appliances or electronics your family needs. Your agreement doesn’t require a credit check, no credit is extended, and no debt is incurred.

Instead, we offer several ways to pay. Pay the cash price of the item or choose weekly, semimonthly, or monthly payments without a long-term commitment or growing interest. These plans give you the option to pay off your balance whenever you want. You are always in control. Watch this short video to learn more about our flexible payment options.

Ready to see all of your choices and enjoy a no-credit, worry-free shopping experience? Learn more about the benefits of shopping with Rent-A-Center and visit your nearest RAC location today. Talk to your local store manager for complete details about user agreements and prices in your area!