Rent-A-Center Announces National Rent-to-Own Program Launch, RAC Exchange™ [Yahoo! Finance]
Upbound Group, Inc. (UPBD)
Company Research
Source: Yahoo! Finance
PLANO, Texas March 12, 2024 /PRNewswire/ -- Rent-A-Center, a leading rent-to-own company for furniture, appliances, and electronics, and a business of Upbound Group, Inc. (NASDAQ: UPBD), today announced the launch of a new, customer-centric national program called RAC Exchange , a flexible new way for consumers to shop and engage with household goods and other items that improve their quality of life. RAC Exchange allows eligible Rent-A-Center customers to exchange their current product on rent for another qualifying product within the first six months following the initial agreement or any subsequent agreement entered into pursuant to an exchange. This innovative concept, RAC Exchange, applies the rent paid on the previous agreement toward the total rent-to-own cost of the swapped item and a designated percentage of any same as cash purchase option exercised for the swapped item, making accessing customers' desired home goods easier than ever. Customers can apply with Rent-A-Cente
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