FAQs

What do I need to qualify?
• US government-issued photo ID and SS# or ITIN#.
• Three months of history with your current employer or current source of income.
• Deposits totaling at least $1,000 per month into a checking account that has been open for 90 days or more.
• No NSFs, excessive overdrafts, or negative balances on your current checking account.

How much can I be approved for?
Up to $3,500.

How do I make my payments?
Once you’ve made your initial payment in-store, future payments are automatically deducted directly from your checking account. When do my payments begin? Once delivery has been confirmed and you are in possession of your merchandise, your first lease payment will be scheduled to fall in line with your next pay date.

Can I apply with a co-applicant?
Yes! The online application allows for a co-applicant.

What if I have more than one source of income?
No problem. The online application allows for more than one income source to be included.

What are my pay off or early purchase options?
• Price + $10 payment processing fee (Acima Cash Price is equal to the Lease Amount).
• Early Buyout Option allows you to pay a discounted portion (usually 75% of the remaining payments owed) in one lump sum at any time after the first 90 days of the agreement.
• 12-Month Lease allows you to pay off the lease over a 12-month term without buyout fees or penalties.

When will I own the merchandise?
You own the property once you have met any of the above early pay off options, or once you have made the regularly scheduled payments during the 12-month term.

How much will this cost me?
The cost to acquire ownership depends on whether or not you exercise one of the early buyout options. The 90-Day Option will cost you $10. The Early Buyout Option allows you to pay a discounted portion (usually 75% of the remaining payments owed) in one lump sum at any time after the first 90 days of the agreement. If you choose to pay off the lease over the 12-month lease term you will pay approximately two times the invoice amount.

What if I change my mind and want to return my items?
During the first 60 days returns are allowed at the sole discretion of the retailer, after 60 days you can return the merchandise by contacting Acima to arrange pickup. Please keep in mind, once the lease agreement is signed, (unless your retailer has arranged for a return) you will be required to meet your 60-day minimum lease term.

Will this get reported to the credit bureau?
We now report to Experian!

How do I know when a customer gets approved in my store or on my website?
At the time of enrollment, you may request to be alerted via email and/or fax each time an approval is issued.

Can a customer use the approval obtained in my store, at another retailer?
No. Approvals are merchant specific.

When do I get funded?
We fund within 24 to 48 hours after delivery is confirmed. Funding occurs via ACH directly into your account.

How do partial deliveries affect funding?
Because the customer is leasing the merchandise, they must receive all of the items on the invoice before funding takes place.

What if I need to revise a lease that’s already been submitted?
The online portal allows you to cancel and edit the lease, any time prior to funding.

Do I collect the initial payment or does Acima?
The merchant always collects the initial payment, and any additional funds the customer would like to pay at the time of the sale.

If it’s not being financed, what type of program is it?
Our program is a no-credit-needed lease purchase-financing program. We are financing this purchase on behalf of the customer. However, we are doing it in a way that allows the customer to surrender the property at any time after the first 60 days of the agreement. Our program also offers customers the option of purchasing the property from us at a discount throughout the duration of the lease. The difference between us and other mainstream financing companies is that we don’t look at traditional credit scores when we make decisions.

How does the customer make payments?
All of our payments are drafted automatically on the customers pay date. However, a customer may make additional payments by calling us at 801-297-1982 to schedule payments over and above those that come out automatically.

How are the payment amounts calculated?
Unlike traditional financing, our program is not based upon a set interest rate. We simply purchase the merchandise from the merchant and the customer leases it from us until it’s paid off. Generally speaking, the customer will pay 17% of the invoice amount per month.

How long will it take me to pay off?
All of our agreements are 12 months in length. If the customer chooses to pay off the lease over the 12-month lease term they will pay approximately two times the invoice amount.

Can I pay this off early?
We provide two early purchase options to our customers. The first option allows the customer to pay the Acima Cash Price (which is the lease amount) plus $10 within the first 90 days of the agreement. The second option allows the customer to pay a discounted portion (usually 75% of the remaining payments owed) in one lump sum at any time after the first 90 days of the agreement.

What type of marketing and support does Acima offer merchant partners?
Your success is our success, so we’ll work with you to make sure that all of your customers (and potential customers) know that Acima’s program is available, and the best of its kind. We provide extensive marketing support, from posters and banners to table displays and brochures. We also provide online marketing support to make certain that every customer visiting your site can easily apply online.

Why should I offer a no-credit-needed finance option?
The no-credit-needed market is exploding serving 4.8 million households, and generating $8.5 billion in annual sales (and growing!). If you’re not offering a no-credit-needed program, you’re missing out on customers. Lots of them!

Case Studies

See how Acima is changing the industry. Read the real experiences of our merchants.

Learn More

Find out how Acima can increase revenue and customer satisfaction.

Chat with Acima