What Happens If You Don’t Pay Acima?

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Acima is a company that provides lease-to-own financing options for individuals who may not qualify for traditional financing. If you have entered into a lease-to-own agreement with Acima and are unable to make your payments, there are several potential consequences that you should be aware of.

1. Late fees: If you are unable to make your payments on time, you may be charged late fees. These fees can add up quickly and may make it more difficult for you to catch up on your payments.
2. Repossession: If you are unable to make your payments and do not catch up on your debt, Acima may have the right to repossess the item you leased. This means that the company can take back the item and sell it to recoup their losses.
3. Credit score impact: Non-payment of a debt can have a negative impact on your credit score. This can make it more difficult for you to obtain credit in the future and may result in higher interest rates on any credit you do receive.
4. Legal action: If you are unable to make your payments and do not reach a resolution with Acima, the company may take legal action against you to collect the debt. This may include suing you in court or garnishing your wages.

If you are unable to make your payments to Acima, it may be important to contact the company as soon as possible to discuss your options. You may be able to negotiate a payment plan or reach another resolution that can help you avoid the consequences listed above.

Overall, if you do not pay Acima and are unable to reach a resolution with the company, you may face late fees, repossession, a negative impact on your credit score, and legal action. It is important to contact the company as soon as possible to discuss your options and avoid these consequences.

How Much Does It Cost To Resolve The Debt?

You may want to resolve the debt with Acima directly. As such, consider taking the free “personalized debt resolution calculator below” for an estimate how to get out of the debt cheaper, easier and faster.