Consumers with limited funds or poor credit have an alternative method of purchasing appliances and other household goods they otherwise may not be able to buy. In rent-to-own transactions, the consumer agrees to pay a weekly or monthly amount to rent an item over a period of time. When all the payments have been made, the consumer will own the item. Many states have enacted laws and other regulations to protect consumers and rent-to-own transactions. Some states grant renters a cooling-off period during which they can safely cancel a rental agreement without cost or penalty. Other states allow the renter to reinstate the rental even after default and repossession of the item. Before entering a rent-to-own agreement, contact your state’s office of consumer protection to learn your rights and for information on what the state requires in these types of contracts.