Rent To Own Plasma Tv

I know a friend who thinks the sale or pledging his plasma TV. I had a rent to own place and still has a lot on it. Could someone shed some light on this point.

It probably depends on the contract, but I think until it actually has, it can not legally sell it to someone else.

Dana (attorney)

I suppose so. I think you can transfer the payments to the buyer in the store. Therefore, the debt to pay TV would now be theirs and they can put a "down payment", you replace it with the money you've spent

She should read the contract it signed with the rental location-clean. If it sells and does not make payments, they could probably sue for the value of television or the balance it needs before it holds.

Of course, it may sell,

It will still make payments on the property .. Therefore it would be stupid enough to sell something, it does not even meet and without television, but the bill for that!


Hope this helps ...

Is it even technically sell his?

If it is hard-up for the money, maybe she should just go back and do without a plasma TV. (Does not sound like a jerk, but obviously she still has options.)

you could sell it, but you'd be screwed if they found out. you always want to have to pay the remaining balance off even after you sell it. they will lay charges otherwise.

Yes but you should get a figure back and make sure you sell for less than that. Then use that money for a full refund.

As she makes her payments after she sells on TV, they used to care

No, she can not legally sell it: it's own!

it would be really stupid. What it will sell for 1 / 10 of what she too? for some rocks?