IATD Resolves 2nd Alleged Usury, Deceptive Trade Practices Consumer Complaint Against RNR Tires.

The dispute surrounded a consumer rental-purchase agreement opened
through RNR Tire Express in Spartanburg, South Carolina. The complaint alleged, violations under the South Carolina Unfair Business Practice.

FACTUAL BASIS OF THE COMPLAINT

IITD contends that RNR personnel misrepresented, minimized, or failed to clearly explain the
transaction’s true cost and material terms, including how each $72 payment would be allocated, how much of each payment would advance ownership, the total number and amount of payments required to obtain ownership, and the difference between the cash price and the total acquisition cost.

Had the consumer been clearly informed that she could pay more than $1,500 while receiving only approximately $500 in principal, purchase, or ownership credit, she would not have entered the agreement on those terms.

Accordingly, RNR Tires closed out the consumer’s account, totaled out the nearly $2,000 balance and allowed our client to retain the tires.

If you are dealing with a dispute, you can review consumer feedback or file a formal report through the Better Business Bureau RNR Profile.