Rent-A-Center Announces National Rent-to-Own Program Launch, RAC Exchange™
RAC Exchange Redefines Consumer Flexibility and Choice with Exchanges on Rent-to-Own Products
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.