You may have more money coming this time, from the FTC!
In case you didn’t know, the FTC’s job is to protect consumers from shady practices that businesses may try to pull over their customers.
In this case, the FTC stepped in for people who have used rent-to-own companies to buy goods such as furniture, appliances, etc.
As of June 2021, the FTC is sending out refund checks to nearly two million people!!
The FTC is mailing checks to two million people who paid for furniture, appliances, jewelry, cell phones, and other high-ticket items using rent-to-own plans provided by Progressive Leasing.
The FTC says that Progressive Leasing misled shoppers when the company advertised “no interest” payment plans and led people to believe they would pay “same as cash” prices for these items.
According to the FTC, people paid more than the sticker price, and frequently paid twice the sticker price if they made all their scheduled payments.
Progressive Leasing markets rent-to-own payment plans in stores and online at more than 24,000 retail stores, including:
- Big Lots, Inc.
- Mattress Firm
- Cricket Wireless
- Conn’s Corporate
- Kay Jewelers
- Art Van Furniture
- Best Buy
- Zales Jewelers
So, how will you know if you are getting a check? Well, you should have received communication via the FTC or received a letter in the mail with the check (you may have thought it was spam and thrown it away).
If you believe you meet the criteria of this case, you can apply for a refund on the FTC website here.