From Loan to Lease to Theft In Houston.
It is always best to read over any document that you sign more then once to completely understand it or at the least least take someone with you that can help you catch something that you may have missed otherwise. There will always be deceitful companies that try to take advantage of people when they are down and vulnerable. I experienced this type of underhanded behavior when I was prosecutor. I had to routinely refuse charges when rental agencies brought charges against the people that had leased furniture from them despite the payments made exceeding full market value, but for one reason or the other could not make their monthly payments any longer. Similarly, an unscrupulous loan company has a clause in their no interest contracts stating that if all payments are not made the loan turns into a lease at any time. These people lose all the money that they have paid and could potentially be charged with theft if they keep the property without making the revised payments since the loan/lease company has a greater right of ownership. While this behavior is deplorable I can see it happening. Luckily, anyone charged with a crime is PRESUMED to be INNOCENT.
