Acima offers a lease-to-own service, not a loan or traditional financing. No credit history is necessary to apply, but Acima reviews applicant information from consumer reporting agencies. Approval is possible even with less-than-perfect credit, considering various data points. The Acima Cash Price includes a markup over the retailer’s invoice price, and acquiring ownership through leasing costs more than the retailer’s cash price. This service is unavailable in MN, NJ, WI, and WY, and is limited to participating merchant locations. Lease agreements provide detailed information.
Understanding Acima’s Lease-to-Own Process
The advertised “$5,000 in Merchandise” lease refers to the maximum amount Acima might spend on goods for your lease. This maximum may require an in-store application, and approval and amount are subject to application review and verification. Approval is not guaranteed for all applicants. A standard agreement allows 12 months to ownership with timely lease renewal payments, potentially costing more than double the cash price.
Early Purchase Options and Credit Products
Acima doesn’t automatically enroll customers in early purchase options, requiring additional payments for early ownership. To explore early purchase, contact Acima at (801) 297-1980 or visit their customer service website: https://customer.acima.com/. Specific terms and conditions are outlined in your lease agreement. Acima also offers credit products like the Acima Classic Credit™ Mastercard® and Acima Private Credit™, issued by The Bank of Missouri and serviced by Concora® Credit Inc. These are subject to application review and approval, potentially including a credit report check. Note: The Bank of Missouri and Concora® Credit Inc. are independent from Acima Digital and its affiliates.
Finding Acima Customer Service Support
For questions regarding your lease, application status, or early purchase options, Acima’s customer service website (https://customer.acima.com/) is a valuable resource. You can also contact them directly by phone at (801) 297-1980. Refer to your individual lease agreement for specific terms and conditions related to your agreement with Acima. Remember to review the details of your lease agreement for complete information. Acima provides a flexible option for acquiring goods when traditional financing isn’t accessible.
