Facebook shares sink 11 percent as reality overtakes hype(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday … More »Facebook shares sink 11 percent as reality overtakes hype
(Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook's debut was beset by problems, so much so that Nasdaq …
Yahoo clears a hurdle, sells Alibaba stake for $7.1 billionSHANGHAI/NEW YORK (Reuters) - Yahoo Inc will sell as much as half of its 40 percent stake in Chinese e-commerce powerhouse Alibaba Group for $7.1 billion, ending years of fractious talks over how to extract … More »Yahoo clears a hurdle, sells Alibaba stake for $7.1 billion
SHANGHAI/NEW YORK (Reuters) - Yahoo Inc will sell as much as half of its 40 percent stake in Chinese e-commerce powerhouse Alibaba Group for $7.1 billion, ending years of fractious talks over how to extract value from its most prized asset. Yahoo also increased its stock buyback authorization by $5 billion to $5.5 billion …
Wall Street rebounds, but investors dump FacebookNEW YORK (Reuters) - Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped … More »Wall Street rebounds, but investors dump Facebook
NEW YORK (Reuters) - Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut. Tech shares were among the day's biggest gainers, with an S&P sector …
Apple still dominates world's top brands: study(Reuters) - Apple has maintained its place as the world's most valuable brand over the past year, leading a group of technology-related companies that dominate the top 10, according to a study published … More »Apple still dominates world's top brands: study
(Reuters) - Apple has maintained its place as the world's most valuable brand over the past year, leading a group of technology-related companies that dominate the top 10, according to a study published on Tuesday. The iPhone and iPad maker has boosted its brand value by 19 percent in the past year to $183 billion, or 37 …
Exclusive: U.S. lets China bypass Wall Street for Treasury ordersNEW YORK (Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, … More »Exclusive: U.S. lets China bypass Wall Street for Treasury orders
NEW YORK (Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters. The relationship means the People's Bank of China buys U.S. debt using …
Silicon Valley takes Facebook fizzle in strideSAN FRANCISCO (Reuters) - Facebook's lackluster initial public offering performance is a black eye for many on Wall Street and could have ramifications for similar upcoming deals such as an offering by … More »Silicon Valley takes Facebook fizzle in stride
SAN FRANCISCO (Reuters) - Facebook's lackluster initial public offering performance is a black eye for many on Wall Street and could have ramifications for similar upcoming deals such as an offering by Twitter, but venture capitalists in Silicon Valley are keen to shrug off Facebook's stumble - at least for now. ...
Flurry of arguments start Gupta insider-trading trialNEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading … More »Flurry of arguments start Gupta insider-trading trial
NEW YORK (Reuters) - Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading trial on Monday. The defense punched back that the government had no direct evidence. Gupta, 63, once a boldface …
U.S. lawmakers frustrated in Wal-Mart corruption probeWASHINGTON (Reuters) - U.S. lawmakers investigating Wal-Mart Stores Inc for alleged bribery in Mexico are frustrated by the lack of cooperation they have received from the company, a committee staffer … More »U.S. lawmakers frustrated in Wal-Mart corruption probe
WASHINGTON (Reuters) - U.S. lawmakers investigating Wal-Mart Stores Inc for alleged bribery in Mexico are frustrated by the lack of cooperation they have received from the company, a committee staffer familiar with the investigation said. Attorneys for Wal-Mart briefed the committee earlier on Monday about the company's …
Insight: Morgan Stanley cut Facebook estimates just before IPO(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, … More »Insight: Morgan Stanley cut Facebook estimates just before IPO
(Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to the huge initial …
- Some investors still await confirmation on Facebook orders
NEW YORK (Reuters) - Some customers of Fidelity Investments, Morgan Stanley and Charles Schwab are still waiting to see if their trades for Facebook shares were completed on Friday. Massive demand for … More »Some investors still await confirmation on Facebook orders
NEW YORK (Reuters) - Some customers of Fidelity Investments, Morgan Stanley and Charles Schwab are still waiting to see if their trades for Facebook shares were completed on Friday. Massive demand for the social networking giant's initial public offering on Friday, which set a trading volume record for U.S. market debuts, …
- Facebook stock slide puts new pressures on company
SAN FRANCISCO (Reuters) - Facebook Inc's underwhelming debut on Wall Street increases the pressure on the social networking giant to deliver stellar growth - a novel situation for Chief Executive Mark … More »Facebook stock slide puts new pressures on company
SAN FRANCISCO (Reuters) - Facebook Inc's underwhelming debut on Wall Street increases the pressure on the social networking giant to deliver stellar growth - a novel situation for Chief Executive Mark Zuckerberg, who has been clear he is more interested in building products than making money. Facebook shares fell 11 percent …
- Eaton to buy Cooper Industries for $11.8 billion
(Reuters) - Diversified industrial manufacturer Eaton Corp struck a deal to buy electrical equipment maker Cooper Industries Plc for $11.8 billion in cash and stock and said it would shift its incorporation … More »Eaton to buy Cooper Industries for $11.8 billion
(Reuters) - Diversified industrial manufacturer Eaton Corp struck a deal to buy electrical equipment maker Cooper Industries Plc for $11.8 billion in cash and stock and said it would shift its incorporation to Ireland to save on taxes. The deal, Eaton's biggest ever, will allow the company to offer a broader range of electrical …
- Nasdaq announces plan for unfilled Facebook orders
NEW YORK (Reuters) - Nasdaq has engaged federal regulators to untangle the problems that occurred at the opening of Facebook Inc's initial public offering on Friday that could eventually result in financial … More »Nasdaq announces plan for unfilled Facebook orders
NEW YORK (Reuters) - Nasdaq has engaged federal regulators to untangle the problems that occurred at the opening of Facebook Inc's initial public offering on Friday that could eventually result in financial restitution for investors who did not get shares at the desired price. The Financial Industry Regulatory Authority …
- Early Facebook mutual fund buyers still in money
(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut. Facebook shares … More »Early Facebook mutual fund buyers still in money
(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut. Facebook shares were priced at $38 per share in its initial public offering on Thursday. Despite an initial bump in their market debut …
Barclays to sell $6.1 billion BlackRock stakeLONDON (Reuters) - British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings. … More »Barclays to sell $6.1 billion BlackRock stake
LONDON (Reuters) - British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings. Barclays has held the stake for almost three years, a legacy of BlackRock's $15 billion purchase of Barclays Global Investors, …
Question
Help! Aarons Rent To Own Drama!?
What can they do to me???
I know I shouldn't of gone with a rent to own company, but I started school and I have like no money to put towards a laptop. But I work full time too so I thought I would just have to swing the payment. However recently my laptop was stolen. I only got one payment in too. I asked if they had insurance since I had a feeling something bad might happen. They said there was nothing they offered. So I got broke into and my laptop and cash was stolen from my room. I'm 15 days behind and I've filed a police report and the detective told me that the laptop was under investigation and that they had a suspect who tried to pawn it. The cops told me they would speak to aarons and that to not pay anything until they got more info. The manager of the store called me tonight and threatened me and my family. He was very rude and wouldn't let me get a word in. Then out of nowhere he hung up on me. I didn't get any time to say nothing, didn't blow up and now I'm really scared
First off, I am not trying to get out of my debt. Simply put I Have kept the store up to date of everything. AT THIS TIME, I don't have the money for the payment as that was stolen from me as well. I do not have any plans to get out of this debt. I am simply speaking from a legal point, what could they do? I don't have the money to pay them at this time. Not until payday. I've told them this. The detective has even spoken with them. And money or not, they don't have the right to curse at me, call me a liar and harass my family and friends in a non-professional way. Simply put they have made some pretty harsh threats and if I had the money or item, I would give it up. But I don't and I've made them aware of this. What could they do to me? Arrest me? Garnish my property? Report me to the credit agencies? Get me fired? I need to know.
Best Answer
OK... Aaron's does not have any form of rental insurance against theft, they cover acts of god, weather... They may sue you for either theft of rental property, theft of rental services, or whatever is the terminology in the area.. the rental agreement says you are responsible for the merchandise. You should have put rental insurance on it. Depending on the judge he may have you pay for the fair market value of the laptop (about 65% of total rental balance remaining)probably in 30 days or put you in jail... now depending on how much is left in it you can get anywhere from 1mths to about 9mths. I have had a customer go to jail for 3yrs for theft of 1 laptop,61" bigscreen, living room, and a washer/dryer... Best thing for you to do is go in person and speak to the manager avoid all the "minions" and setup payment arangments. Now if the police have the guy who tried to pawn it see if the police have the laptop and just make a payment to get them off of your back and when the police release it just take it back and end the lease. Now as for talking to the higher ups in Rent to Own/Lease to Own the district managers and regional managers all have been store managers in the past and will side with the managers 100% of the time unless you are a valued customer (paid off lots merchandise, paid really good for a long period of time) So it will probably be a waste of time to call them. And for the Police to tell you not to pay is illegal... they are not supposed to give you legal advice. Not paying could make it look like you are trying to defraud a company and make it look like you had intent on stealing the merchandise. What makes it look worse is you only made 1 payment(looks like intent to steal and the Aarons lawyer can twist this and make it look like intent.) Just go talk to the manager.
Sorry as for report it to your credit... they can they are lease to own not rent to own...
Source(s):
10 yrs wasted at Rent A Center quit a District Manger
5 years agoOther Answers
Well, for starters I suggest you get renters ins in case this happens again. I don't think the manager can do much to you. He's just a bully!!!! Tell the police officer who is handling your case that this happened and go form there.
by American Girl - 5 years agoThe same thing happened to me, but my laptop was eventually recovered and returned to the store and I gave up on my payments and lost all the money that I had put into it. The employees here were persistent with me too, but that is their job. They SHOULD NOT have been rude however and hanging up on you or threatening you when it was not your fault is wrong. Maybe you can talk to a manager higher up and let them know what is going on.
by lissie - 5 years agoThe rental place did nothing wrong, YOU failed to carry renters insurance. It is also not their fault that it has been stolen and YOU are still very much obligated to pay for thecomputer even though you will not be getting the use of it.
They can and WILL sue you in a court of law.
A police officer should not be giving you legal advice and how does he figure it getting stolen negates you debt?
Why do you think it getting stolen negates your debt, I don't understand?
It really makes no difference in the overall picture whether or not the rental employee was rude to you--bottom line, you messed up.
Although you are inexperienced in these matters, unfortunately you are still obligated for the rent on the laptop. You might get a little relief from the company if you get the police report and show it to them but don't count on it.
You had their property, you signed a contract and you didn't protect their property. The best thing you can do is pay the rental and hope that you get the laptop back. Otherwise, you may be liable for the replacement of the laptop as well as rent.
Good luck!
