by PLANO, Texas — Acima Leasing, one of the nation’s leading providers of lease-to-own solutions and a business of Upbound Group Inc., signed an exclusive multiyear agreement with a leading Home News Now 125 home furnishings retailer, Levin Furniture & Mattress. Acima Leasing provides consumers with flexible shopping options to obtain access to furniture, mattresses and accessories without any long-term obligation.
Acima Leasing is opening the door for credit-challenged customers of Levin Furniture & Mattress through a lease-purchase transaction. Millions of consumers in the United States have little to no access to traditional credit needed to meet their shopping needs, making lease-to-own an ideal option for both customers and retailers. Acima Leasing’s flexible lease-to-own solutions provide retail partners with the opportunity to increase sales by attracting previously out-of-reach, underserved customers through greater shopping power afforded by LTO. Retailers can also reduce their payment risk because Acima purchases eligible items directly from the retailer, which Acima then leases to approved customers.
“High-quality mattresses and furniture items are high on the list of needs for many consumers, and this new partnership with Levin Furniture & Mattress will provide a broader range of customers with the shopping options they need,” said Tyler Montrone, executive vice president and head of Acima Leasing. “Acima Leasing provides a much-needed alternative to traditional financing options — helping Levin Furniture & Mattress customers from all financial backgrounds gain a better quality of life with access to the things they want and need without using credit.”
“At Levin Furniture & Mattress, we take care of our communities and the customers who support us. This new partnership with Acima Leasing is our most recent action to meet the needs of our customers,” said Jason Lapina, chief financial officer of Levin Furniture & Mattress. “As a family-founded business, we strive to make furniture and mattress shopping a positive experience for our customers. By partnering with Acima, we’re able to give a better shopping experience to those with less-than-perfect credit.”
Acima Leasing is a leading provider of lease-to-own solutions for retailers and consumers with innovative technology that enables underserved customers the flexibility to shop in-store and online despite having imperfect credit. Through its flexible, point-of-sale platform, Acima Leasing provides lease-to-own solutions to online and brick-and-mortar retailers that allow customers to access bigger-ticket items such as furniture, tires, mattresses, appliances, electronics, jewelry and more. LTO customers are able to use and enjoy eligible brand-name merchandise with no long-term obligation and have multiple options, if desired, to purchase the leased property.
Retailers who want to add lease-to-own solutions to their e-commerce or in-store checkout can learn more about Acima Leasing’s offerings at www.acima.com/partner.
