What is the name of your state? Ohio
I was involved in a business deal a few months back in which I sold a small business that I owned. As part of a downpayment I accepted a New Big Screen HD TV to go into my NEW business waiting area.
I also financed the deal for the purchase of my shop. The new owner defaulted on the payments right off the bat and I took the shop back over. He gave it back willingly.
I get a call a few days ago from a "Rent-to-own" Company stating that they had been given my phone number because I had the TV that was out on a RENT-TO-OWN program.
Here to find out (SUPPOSEDLY) the guy had rented this TV... exchanged it to me as a portion of his downpayment. Now the RENT-TO-OWN place is threatening me that this is going to their law department and I could be prosocuted for "Receiving stolen property".
I have it in the original contract that the TV was part of the downpayment so basicly I have a Receipt for it.
What should I do??? I have already lost out after having to RESTOCK my entire shop. The guy who bought it did not RESTOCK anything for 7 weeks he was in there. I had to take out a home equity loan just to restock.
NOW it is a matter of principle to me. NOT that I have got to keep the TV... but I have lost so much already. Besides it looks awsome in the lobby of my new offic
SO... what should I do??? HE MADE THE CONTRACT with them. I did not know it was a Rental. It also upset me quite a bit that they threatened me about the return of the TV.
PLEASE HELP!
I was involved in a business deal a few months back in which I sold a small business that I owned. As part of a downpayment I accepted a New Big Screen HD TV to go into my NEW business waiting area.
I also financed the deal for the purchase of my shop. The new owner defaulted on the payments right off the bat and I took the shop back over. He gave it back willingly.
I get a call a few days ago from a "Rent-to-own" Company stating that they had been given my phone number because I had the TV that was out on a RENT-TO-OWN program.
Here to find out (SUPPOSEDLY) the guy had rented this TV... exchanged it to me as a portion of his downpayment. Now the RENT-TO-OWN place is threatening me that this is going to their law department and I could be prosocuted for "Receiving stolen property".
I have it in the original contract that the TV was part of the downpayment so basicly I have a Receipt for it.
What should I do??? I have already lost out after having to RESTOCK my entire shop. The guy who bought it did not RESTOCK anything for 7 weeks he was in there. I had to take out a home equity loan just to restock.
NOW it is a matter of principle to me. NOT that I have got to keep the TV... but I have lost so much already. Besides it looks awsome in the lobby of my new offic
SO... what should I do??? HE MADE THE CONTRACT with them. I did not know it was a Rental. It also upset me quite a bit that they threatened me about the return of the TV.
PLEASE HELP!