As a consumer, it`s important to understand the terms of any agreement you enter into when making a purchase. One such agreement is the Acceptance Now agreement, which allows customers to finance furniture and other home goods with flexible payment options. However, what happens if your Acceptance Now agreement expires?

First, it`s important to understand what an Acceptance Now agreement is. Essentially, it`s a lease-to-own agreement that allows customers to finance furniture and other items with low monthly payments. Customers make payments over a set period of time, and at the end of the agreement, they own the item outright. This can be a great option for people who need to furnish their homes but don`t have the upfront funds to do so.

However, if your Acceptance Now agreement expires, you may be wondering what to do next. The first thing to know is that you likely won`t own the item outright. Typically, when an agreement expires, the customer has a few options:

1. Renew the agreement: Depending on the terms of your agreement, you may be able to renew it for another set period of time. This can be a good option if you still want the item and are able to continue making payments.

2. Buy out the agreement: Another option is to buy out the agreement. This means you`ll pay the remaining balance on the item, and it will be yours to keep. This can be a good option if you`re close to the end of the agreement and don`t want to renew.

3. Return the item: If you don`t want to renew or buy out the agreement, you can return the item. However, keep in mind that you may have to pay a restocking fee or other charges.

It`s important to note that if you don`t take any action after your Acceptance Now agreement expires, you may be charged additional fees and interest. This can make the overall cost of the item much higher than you anticipated.

In conclusion, if your Acceptance Now agreement has expired, don`t panic. You have options, including renewing the agreement, buying out the item, or returning it. However, it`s important to understand the terms of your agreement and take action before additional fees and charges are added. With some careful planning and consideration, you can make the best decision for your financial situation.