Rooms to Go is a national furniture retailer with over 150 locations across the United States. The company offers a wide variety of furniture styles and financing options, making it a popular choice for many shoppers. However, like any other retailer, Rooms to Go can repossess your furniture if you default on your payments.
If you finance your furniture purchase through Rooms to Go, you will be required to make monthly payments. These payments are typically due on the first of the month, and you will have a grace period of a few days to make your payment before a late fee is assessed. If you miss a payment or are late on a payment, Rooms to Go will contact you to try to collect the payment. If you are unable to bring your account current, Rooms to Go may send a collections agency after you or they may repossess your furniture.
While it is possible for Rooms to Go to repossess your furniture, it is not a decision that they take lightly. In most cases, Rooms to Go will only repossess your furniture as a last resort after multiple attempts to collect payments have failed. If you are having trouble making your payments, you should contact Rooms to Go as soon as possible to discuss your options.
Can Rooms to Go Repossess Furniture?
It is not uncommon for people to wonder if Rooms to Go can repossess furniture. After all, when you purchase furniture from this company, you are financing it through them. So, if you were to default on your payments, it stands to reason that they could come and take the furniture back.
However, it is important to understand that Rooms to Go is not a bank or a lending institution. They are a retailer that specializes in selling furniture. As such, they do not have the same authority as a bank or other lender when it comes to repossessing property.
If you stop making payments on your furniture, the company can send you a notice demanding payment. If you do not respond to this notice or make arrangements to catch up on your payments, Rooms to Go can then file a civil lawsuit against you.
If the company wins the lawsuit, they will be granted a judgment against you. This means that the court has ordered you to pay the debt that you owe. If you do not pay the judgment, the company can then take steps to collect the money from you.
One way that they can collect the money is by garnishing your wages. This means that they would contact your employer and request that a portion of your paycheck be sent directly to them. Another way that they can collect the money is by putting a lien on your property. This means that if you ever sell your home or other property, the company would be entitled to a portion of the proceeds.
Of course, none of this means that Rooms to Go can actually repossess your furniture. In order to do that, they would need to obtain a writ of execution from the court. This is a document that would give them the legal right to enter your home and take the furniture.
However, even if they were able to obtain a writ of execution, they would still need to give you notice before they could come and take the furniture. They would also need to give you an opportunity to pay the debt or make other arrangements.
If you are behind on your payments, it is important to understand your rights and options. You should never simply allow a company to come and take your furniture without first knowing your rights and options.
It is unlikely that Rooms to Go would repossess furniture from a customer. This is because the company wants customers to be satisfied with their purchases and to continue shopping at Rooms to Go in the future. Additionally, repossessing furniture is costly and time-consuming, so it is not in the best interest of the company to do so. If a customer is having difficulty making payments, Rooms to Go may work with them to come up with a payment plan that is feasible for both parties. In conclusion, it is unlikely that Rooms to Go will repossess furniture from a customer, but if a customer is having difficulty making payments, the company may be willing to work with them to come up with a payment plan.