Lease To Own news and trends

CFPB Rent-A-Center Affiliate Acima Lawsuit Claims Illegal Lending Practices
CFPB // July 28, 2024

The Consumer Financial Protection Bureau (CFPB) has accused rent-to-own company Acima of tricking customers into high-cost financing agreements. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Versatile Credit and Acima Leasing Partner on Lease-to-Own Prequalification
Partnerships // October 05, 2023

Versatile Credit has partnered with Acima Leasing to offer merchants access to Acima’s lease-to-own (LTO) prequalification feature. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

CFPB Sues Lease-to-Own Company Snap Finance
Legal // July 19, 2023

The Consumer Financial Protection Bureau (CFPB) has sued lease-to-own finance company Snap Finance, alleging deception, consumer law violations and making false threats. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Rebranded Rent-A-Center Sees BNPL as Complementary to Long-Term Growth at Upbound
Retail // February 23, 2023

A tough economy hits hardest for those with lower incomes and poor to no credit, which is where rent-to-own and lease-to-own can be a lifesaver — and in many ways, they are — even as the biggest players in the space keep a hand on...

Interviews & Exclusives
Rent-A-Center Sparks Rethink of Rent-to-Own Model

September 30, 2022
The rent-to-own and lease-to-own retail concepts that seem tailor made for recession-pressed consumers with subprime credit are in fact seeing their models tested by an unforgiving market where shoppers are showing a preference for bargains and extra sensitivity toward fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free […]

Lease-to-Own Plans a Boon to Merchants and a Lifeline to Strapped Consumers

April 27, 2022
There’s a huge difference between the big-ticket items we’d like to have (Teslas) and the items we need to have. Get the Full Story Complete the form to unlock this...

Quick Reads
PayTomorrow Flexible Financing Platform Adds FlexShopper Lease-to-Own Services

August 19, 2024
FlexShopper’s lease-to-own (LTO) services are now available in PayTomorrow’s flexible financing platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS […]

CFPB Rent-A-Center Affiliate Acima Lawsuit Claims Illegal Lending Practices

July 28, 2024
The Consumer Financial Protection Bureau (CFPB) has accused rent-to-own company Acima of tricking customers into high-cost financing agreements. Get the Full Story Complete the form to unlock this article and...

Versatile Credit and Acima Leasing Partner on Lease-to-Own Prequalification

October 05, 2023
Versatile Credit has partnered with Acima Leasing to offer merchants access to Acima’s lease-to-own (LTO) prequalification feature. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

CFPB Sues Lease-to-Own Company Snap Finance

July 19, 2023
The Consumer Financial Protection Bureau (CFPB) has sued lease-to-own finance company Snap Finance, alleging deception, consumer law violations and making false threats. Get the Full Story Complete the form to unlock this article...