As with most credit applications, you must provide basic information about your identity and income. Acima`s participation authorization guidelines are not only at least 18 years old, they also require that if you decide to make all your payments for the life of your Acima leasing, you could end up paying about double what you would have paid in cash until you finished, making it a potentially expensive way to do your shopping. In other words, Acima can be a good option for people with bad or no credit and who need to buy something now. Here are some of the pros and cons of using the leasing service: Choose all the lease payments to make your payday and own the property in 12 months. Acima and other cash-to-self-financing companies such that they can meet the needs of a certain subset of buyers. However, consumer advocates have long warned against the darker side of the rental business model. If you decide to use Acima`s leasing program, you are not borrowing more than you can afford and are doing everything you can to pay your lease in advance to save as much money as possible. Unlike other paid services, using Acima is not as simple as clicking on a box at the checkout. To apply for a leasing plan at Acima, you must first find a participating store by visiting the Acima website, breaking through your postcode and selecting one of the following purchasing categories: furniture and mattresses, appliances, home electronics, mobile electronics, auto-electronics, auto-electronics and tires, outdoor items, glasses or electronic tools and jewelry.
This means that you don`t need a customer report history or a good credit score to be approved for a lease. We mean it when we say “no need for credit”! As we receive your consumer report and credit score, we review several data points to make a final decision and regularly approve customers who have little or no credit history or credit rating. You are not automatically registered for an early purchase option when renting. To buy early or put in place your 90-day payment plan, call or talk to our helpful customer service. You can also make advance or additional payments via the MyAcima customer portal. The merchandise is owned by Acima and is leased to you until you take out all the lease payments or you have chosen an early purchase option. The content of this page is correct from the date of booking; However, some of our partner offers may have expired. Please read our list of the best credit cards or use our CardMatch™ tool to find cards tailored to your needs.
If you decide to use Acima`s leasing program, write down the following tips for using your consent. Your FICO score should not be influenced by Acima`s rental contract application. However, our application process involves a review of your consumer report and, depending on the consumer registration body, the request may appear in your consumer report. Acima uses a soft pull when it accesses your consumption report from one of the national credit agencies (Transunion, Experian and Equifax). Kelli Godfather is a writer and editor who lives in Kansas City, although she is a Jersey girl in her heart. If she doesn`t write about personal finances and credit cards, she dives into the world of travel hacking. You can pay the full account and buy the merchandise within the first 90 days if you only pay the purchase price of the item plus $10 in processing fees.