What are eligible items on Acima?
What does Acima cover
Our lease-to-own solutions allow you to get key items like furniture, mattresses, appliances, tires, electronics, jewelry, and more—all without credit*. Choose a store and apply on Acima.com or the mobile app.
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Can you borrow money from Acima
Although Acima conducts a soft credit inquiry during your application process, there is no specific credit score requirement to be eligible. You need an active checking account with a minimum monthly income of $1,000 to apply. You can get approved for loan amounts between $300 and $4,000.
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How do I use Acima anywhere
You can shop many of your favorite online retailers through the Acima MarketPlace™ right here on the web—or through our mobile app.Install our mobile app, or Chrome extension if you're using a desktop.Choose an online retailer.Add items to your cart.Select Acima Checkout.Complete your agreement.
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Does paying off Acima help your credit
Credit reporting — Your payments will be reported to Experian, one of the three major consumer credit bureaus, so you can build your credit — if you're approved for financing with Acima — if you repay it on time and according to the terms.
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What are the cons of Acima
Acima is not a good idea if you:
If you choose the 12-month term, you'll pay double the purchase price. Read the terms and conditions carefully before leasing. Have unstable income: Missing payments can hurt your credit score and result in fees, increasing the overall cost of your lease.
Does Acima repossess
Acima will report your account to the credit bureau if you miss payments. After an extended timeframe, Acima might repossess your purchase because it's not yours yet.
Can I buy a computer with Acima
Acima is the perfect place to go when you need a new gaming laptop. We have a variety of retailers who can help you get the laptop of your dreams with easy lease renewal payment options.
Does Acima have a virtual card
Once approved, customers can instantly access their Acima LeasePay card directly through the mobile app so lease transactions are quicker than ever. While there is only the virtual card option at the moment, Acima plans to issue a physical payments card in the future.
What does Acima do if you stop paying
However, Acima does report to your credit company throughout your lease, so if you fail to make payments on time, your credit report may be negatively affected. Be sure to pay on time and keep a positive payment history to keep your score in the green.
Can Acima hurt your credit
Upon applying, Acima does a soft credit pull, which doesn't impact your credit score. However, approval is based mainly on your income and checking account history instead of credit history, so borrowers with bad or no credit may be approved.
Does Acima require a deposit
In addition to being at least 18 years old, Acima's eligibility guidelines require you to have the following: An active checking account with monthly deposits of at least $1,000, with no excessive overdrafts or negative balances. At least three months of income history with your current employer (or other income source …
Does Acima hurt your credit
Acima is a leasing company, so you can return your purchase to the company at any time without owing any additional money; however, you will be responsible for any unpaid lease charges or fees. Additionally, Acima reports failed payments to the credit bureaus, so your credit score may be negatively affected.
Is Acima a monthly payment
After you choose your item and make a low initial payment, you'll simply make monthly or biweekly renewal payments.