Read your rental agreement before signing it. Note the total amount of rent, which is the sum of all payments over a total period of 12, 18 or 24 months. (This is the amount you pay if you don`t use any of the early call options.) The contract also lists other possible costs that could threaten you, including those for lost or damaged goods, withdrawal, collection and return costs. Acima does not automatically send invoices by e-mail or post. You can check your balance at any time by logging into your account on www.acima.com. You can also contact our customer service at (801) 297-1920 and request a physical copy of your account statement. You can also make payments by phone by calling customer service at 801.297.1982 or by logging into your online account on www.customer.acimacredit.com. After selecting the goods and signing the lease, Acima buys the goods from the dealer. Acima owns the goods, and you will pay rent until you get the property or terminate the lease. Each authorization lasts 90 days and expires automatically if you do not sign a rental agreement during this period.
Note that any authorization is only good in the store where you originally applied. If you decide to make purchases elsewhere, you will have to apply again (which will cancel your first authorization, as you can only have one active authorization at the same time). The minimum contract term is the time between receipt of the hire purchase and your first regular lease renewal payment. If you opt for all renewal payments, you will own the goods in 12, 18 or 24 months, based on the lease that will be offered to you. Before signing the agreement, we will send you a link so that you can read the full agreement on your smartphone. If you don`t have a smartphone, you can require the store to print a physical copy to read and sign. We will send you a copy of your rental/hire-purchase agreement by e-mail after the contract has been signed. You can also access a copy of your agreement by logging into your online account under www.customer.acimacredit.com. First, you need to find a participating reseller site.
You can go to www.acima.com and click on “Find A Store”. Then select a category and enter your postal code to see reseller sites near you! You can click on the “Take” button to apply online, or go to the shop and they will help you! What are the conditions? A processing fee of $40 plus taxes (payable to CB Furniture) is due upon signing. Acima`s leases are 12-month leases with 90-day early payment options. Nearly half of our customers pay off their outstanding balance within 90 days. During a credit transaction, a financial institution has transferred funds to you on your behalf or another, which you can then use for a purchase. If you make a purchase on credit, you borrow the money and then make payments to the creditor that include financing costs such as interest. On the other hand, if you enter into a lease, you agree to rent goods from Acima. Acima then purchases the merchandise you have chosen from a participating dealer. We do not give you money or on your behalf. You make rent renewal payments to Acima while you are using the goods, and you can use a purchase option to own the property or terminate the lease at any time without penalty.
There is no interest, but you make leasing payments based on the value of the merchandise and the cost of the rental services. Acquiring the property by leasing costs more than the retailer`s cash price. You can also choose to make all lease renewal payments for your goods and you own the goods at the end of 12-24 months! Please note that in case of failure or late payment, a fee may be charged, so read your rental agreement for a full breakdown of the fees….