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                                                                    EXHIBIT 23.3
 
                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
 
As independent public accountants, we hereby consent to the use of our report
dated March 19, 1998 included in this Form S-4 Registration Statement of Renters
Choice, Inc., Rent-A-Center, Inc. and ColorTyme, Inc. and to all references to
our Firm included in this registration statement.
 
                                                ARTHUR ANDERSEN LLP
 
Los Angeles, California
October 13, 1998