John PaolettiReview ofAcima credit
The Acima Lease to own seems like a predator lendi...
The Acima Lease to own seems like a predator lending practice hiding under a vail of an affordable payment option.
In my case I purchased something through there lease to own program for around $1500.00 the total payments will have me paying over $3000.00 in total in 12 months effectively a 100%APR. This is due to the fact they "increase the price of the item purchased" I believe they are using this to circumvent the military lending act. Because the total price of the item purchased "goes up" every 30 days. I then continue to pay tax on item based off a essentially fictional price. I payed tax at the point of sale for for $1500 purchase yet I continue to pay more and more tax with them. I had to finance the tax at point of sale then they continue to charge me tax as well.

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