There contact does state they do report to credit bureaus.As far as the contract people, Can you all honestly state you read the entire contract while you're at the store before signing paperwork. I would say most go over the contract briefly with the sales clerk who has no idea how to do anything with why not lease it application. Let's face it if we have to go to why not Leasing it's because we don't have no credit or very limited credit. So the excitement of getting a new Appliance or whatever it is you went to purchase at that moment your eyes were checking over the fridge then the contract. By the time you leave the store we know more about product we just purchase then the contract. I want anyone to say they read the entire contract asked questions and understood all the terms and then decided nevermind I don't agree with these terms I'm going home. Knowing the excitement of a new product overwhelms people. Knowing you were approved for something gives you that high that everyone gets when they know they were approved for that Appliance or product but they knew would never be approved by any other company. Yes there is a 30 60 and 90 they make very clear. If you ever actually read all the terms you would see a lot discrepancies. With these people are complaining about mostley is the never-ending payments. They are very quick to take your money. But when you challenge them they make it even harder for you. And that's where they get you because they are rolling the dice betting that you're not going to pay it off in those 90days.

Alot of the problems here are people not readng contracts.and also never agree to EFT, (Automatic payments ea month, pay by money order or prepaid card. If u stop paying them - Answer to be technical is it's Leased property.(and NO they r not a financial institute, can't report to credit agencies). Like a rented car or Rent-a-Center, In in my State, MA,
They can file criminal charges for theft of leased property, whether they take those actions I don't know. Bit they can, I'd try to work with Sears to get involved. Or stop paying and see what happens.