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Rent-A-Center terminates deal to be bought by Vintage Capital affiliates – 0.04% said Tuesday it has terminated the deal to be acquired by affiliates of Vintage Capital Management LLC. The rent-to-own company said given its current financial and operational performance, it.
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Although rent to own is very different from seller financing, there are some similarities. In either case, the buyer might make payments to the seller until the buyer gets a loan from somewhere else (typically the buyer will apply for a loan with a bank or mortgage lender). During this time, the buyer is ideally working on building credit so that he can qualify for a loan.
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Vintage Capital calls Rent-A-Center’s termination of merger deal ‘invalid’ – Vintage Capital said Tuesday that Rent-A-Center Inc.’s RCII, +0.64% claim that the merger agreement was terminated is "invalid," and that it plans to pursue "all available remedies" against the.
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