But, is Acima Leasing worth the cost?

Lets take a deeper look.

What Is Acima Leasing?

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How Does Acima Leasing Work?

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This process includes asoft credit checkthat wont affect your credit score.

Did you know?

), we didnt complete the purchase.

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You will need to make a small initial payment to begin the leasing process, generally $50.

The flexible repayment schedules are a nice feature.

The products will then be shipped to you as normal.

(Your lease terms may be personalized and result in different costs.)

Do We Recommend Acima Leasing?

We do not recommend Acima Leasing for anyone.

Over the last three years, there have been over 1,000 customer complaints.

In fact, we have quite a few services we would recommend instead of Acima.

Here are our top three alternative recommendations:Klarna,AfterpayandAffirm.

Acima determines if you are eligible for a lease by analyzing your checking account and monthly income.

Be sure to pay on time and keep a positive payment history to keep your score in the green.

Additionally, Acimareports failed payments to the credit bureaus, so your credit score may be negatively affected.

Be sure to avoid this situation by contacting the company if you are having issues making payments.

Yes, at any time you could return leased products to Acima.

At the time of return, you will no longer need to make additional payments from your checking account.

However, you may owe any unpaid back charges or fees.

Technically, Acima does not charge interest.

It instead charges leasing fees.

There is no such thing as Acima Credit.

Acima is a company that extends a leasing offer to its customers, not credit.

If you see the term Acima Credit used, it is incorrect and the proper term is Acima Leasing.

Michael Archambault is a senior writer for The Penny Hoarder specializing in technology.

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