Aarons Rents - Fed up with aarons
there is a recent lawsuit
Lawsuit Filed Against Aaron's, Inc. Regarding Alleged Improper Practices
Lawsuit claims that Aaron's, Inc. repeatedly breaches rent-to-own contracts, violates state usury laws, and engages in unfair business practices.
Atlanta, Georgia (PRWEB) November 11, 2011
Atlanta law firm Webb, Klase & Lemond, LLC has filed a class action lawsuit against Aaron's, Inc., one of America's leading rent-to-own companies with over 1,900 total stores. Aaron's leases furniture, appliances, and electronics to consumers usually with the promise that, after a certain number of payments have been successfully completed, the consumer will own the items.
The new lawsuit alleges that Aaron's has breached its lease agreements by refusing to provide pay-off information to consumers and through other improper practices. The suit further asserts that the company has used unfair business practices, false advertising, and misrepresentations to induce customers to enter lease agreements that are not as favorable for the consumer as represented. The claims also include unjust enrichment. The case, styled Clark v. Aaron's, Inc., is pending in the Superior Court of Fulton County Georgia and has been assigned Case Number 2011-CV-207622.
According to the suit, Aaron's rent-to-own business model is in reality the extension of credit through consumer loans disguised as leases for the purchase of goods. The suit alleges that the difference between the market value of the goods and the total amount of payments made by a consumer constitutes interest. State usury laws, such as the civil and criminal usury statutes in Georgia, impose a cap on the amount of interest that may be charged by a lender. The suit alleges that Aaron's repeatedly violates these laws.
Further, the suit alleges that Aaron's deceptively markets its well-known offer of "120-days same as cash." According to the complaint, this offer purports to allow consumers to buy their furniture, appliances, or electronics from Aaron's for their market value so long as the consumer pays in full within four months. The deception, as alleged in the suit, is that Aaron's regularly and proactively attempts to prevent consumers from taking advantage of the 120-day offer by failing to provide them with their outstanding balance or pay-off amount in a timely and appropriate manner.
If you wish to discuss this action or have any questions concerning this press release, please contact John Lyon, Esq. by e-mail or by calling (770) 444-9325.
More Review Details
You May Also Like
- "First, let me start off by adding that we owned a leather couch for almost 8 years prior to this new purchase. We decided to upgrade to a recliner sectional..."
- "We ordered a bedroom set priced at over $1000 and made the required monthly payments per our contract. A final payment was made and we were told by the manager..."
- "Went to the store on flagler and 97th ave, miami fl and bought a black leather sofa in perfect conditions, made my first payment and at the checkout asked the..."
- "I purchased a mattress from Mattress Giant 2 years ago. Prior to 2 years the mattress was worn and warped not fit for no man to sleep on. I tried..."
- "It told me no ads but this happens every time and it last for 2 minutes and then it shows twice...very annoying. Then during a show, it freezes and the..."
- "If you are interested in making money manipulating penny stocks by bashing companies so you can buy stock cheap then IHUB is made for you..The have power hungry administrators that..."
- "Instead of recommending a movie theater that is close to me, fandango takes for granted that I am going to see a movie at a place that is 4 hours..."
- "*** parks just crooked enough so no one can squeeze into the spot next to him.Due to the row of trucks behind him, it's impossible to swing around and pull..."
- "I bought a sofa set from them that was of a very poor quality. After only one year the furniture looks very tacky. I paid over 3000.00 dollars for..."