What Happens If I Don’T Pay Acima?

Falling behind on payments is stressful, especially when dealing with lease-to-own financing from a company like Acima. You may be wondering: what are the consequences if I stop making my Acima payments?

In short, failing to pay Acima can lead to late fees, damage to your credit, and even legal action. However, all hope is not lost. There are steps you can take to remedy the situation before it escalates too far.

This article will provide a comprehensive overview of what to expect if you go into default with Acima, including the timeline of events, how it can affect your credit, and most importantly, your options for getting your account back in good standing.

Understanding Your Account Status

When it comes to your Acima account, it’s important to understand the different statuses and what they mean for you. Let’s take a closer look at the three main statuses: Current, Past Due, and Default.

Current, Past Due, Default

When your account is marked as “Current,” it means that you have been making your payments on time and are up to date with your obligations. This is the ideal status to maintain, as it shows that you are responsible and reliable.

If you miss a payment, your account will be marked as “Past Due.” This means that you have not made a payment on time, but it doesn’t necessarily have severe consequences just yet. However, it is important to address the issue promptly to avoid further complications.

When your account reaches the “Default” status, it means that you have failed to make payments for an extended period of time. This is a more serious situation, as it can lead to further actions being taken against you, such as collection efforts or legal action.

It is crucial to communicate with Acima if you are facing difficulties in making payments. They may be able to offer solutions or alternative arrangements to help you get back on track.

The Impact on Your Credit Score

Your credit score plays a significant role in your financial life, and it is affected by how well you manage your debts. When it comes to your Acima account, failing to make payments can have a negative impact on your credit score.

Missing payments or defaulting on your account can lower your credit score, making it more challenging to obtain credit in the future. Lenders and financial institutions use your credit score as an important factor when determining whether to approve your loan applications or extend credit to you.

It’s important to note that Acima may also report your account status to credit bureaus, which can have long-term consequences on your creditworthiness. This emphasizes the importance of making payments on time and addressing any issues promptly.

If you have concerns about your credit score or need assistance in improving it, it’s advisable to consult with a financial advisor or credit counseling service. They can provide guidance tailored to your specific situation and help you navigate the complexities of credit management.

For more information on credit scores and how they are calculated, you can visit Equifax or TransUnion.

Acima’sCollections Process

When a customer fails to make payments on their Acima lease-to-own agreement, Acima has a collections process in place to help recover the outstanding balance. This process typically involves a series of steps designed to communicate with the customer and find a resolution.

Let’s take a closer look at what happens if you don’t pay Acima.

Late Notices and Phone Calls

The first step in Acima’s collections process is sending late notices and making phone calls to remind the customer about the missed payments. Acima understands that life can sometimes get in the way, so they try to work with customers to find a solution.

They may offer options like payment extensions or modified payment plans to help customers catch up on their payments. It’s important to respond to these notices and communicate with Acima to avoid further complications.

Third Party Collections

If the customer fails to respond to the initial late notices and phone calls, Acima may involve third-party collection agencies to assist in the recovery process. These agencies specialize in debt collection and have the authority to take further action to recover the outstanding balance.

They may continue to contact the customer via phone calls, letters, or even in-person visits to negotiate a payment arrangement.

Legal Action

If all attempts to collect the outstanding balance fail, Acima may take legal action to recover the debt. This could result in a lawsuit filed against the customer, and if successful, Acima may obtain a judgment to garnish wages or place a lien on the customer’s assets.

It’s important to note that legal action is typically a last resort and Acima will make every effort to resolve the issue before pursuing this route.

It’s crucial to remember that failing to pay Acima can have serious consequences, including damage to your credit score and potential legal ramifications. It’s always best to communicate with Acima and work out a solution if you’re facing financial difficulties.

How to Get Your Acima Account Current

If you find yourself in a situation where you are unable to pay your Acima bill on time, it’s important to take action to avoid any negative consequences. Here are some steps you can take to get your Acima account current:

1. Pay the Total Past Due Amount

The most straightforward way to get your Acima account back on track is to pay the total past due amount. This includes any missed payments, late fees, and any additional charges that may have accrued.

By paying the full amount owed, you can bring your account up to date and avoid any further penalties.

2. Request Temporary Account Forbearance

If you are currently experiencing financial hardship and are unable to pay the total past due amount, you may be eligible to request temporary account forbearance. This allows you to temporarily suspend your payments or make reduced payments for a certain period of time.

It’s important to contact Acima directly to discuss your situation and explore this option.

3. Reinstate Your Lease Agreement

If your account has been suspended or terminated due to non-payment, you may have the option to reinstate your lease agreement. This usually involves paying any outstanding balances, late fees, and any additional charges.

Once you have reinstated your lease agreement, you will be able to continue using Acima’s services.

Remember, it’s important to communicate with Acima if you are facing financial difficulties. They may be able to offer solutions or provide guidance on how to bring your account current. Taking proactive steps to address any payment issues will help you avoid any negative consequences and maintain a positive relationship with Acima.

Alternatives to Acima

Lease Buyout

If you find yourself unable to make payments to Acima, one alternative you may want to consider is a lease buyout. Many lease agreements allow you to buy out the remaining balance on your lease, giving you ownership of the item.

This can be a good option if you still want to keep the item but are unable to continue paying through Acima. It’s important to carefully review the terms and conditions of your lease agreement to understand the buyout process and any associated fees.

Voluntary Repossession

In some cases, if you are unable to make payments to Acima, you may choose to voluntarily surrender the leased item. This is known as voluntary repossession. By returning the item to Acima, you can avoid the hassle and potential legal consequences of having the item repossessed.

However, it’s important to note that voluntary repossession may still have an impact on your credit score and could result in additional fees or charges from Acima. Before considering this option, it’s advisable to discuss your situation with Acima and understand the potential consequences.

Debt Management Programs

If you are struggling with multiple debts, including payments to Acima, a debt management program may be a viable option. Debt management programs are typically offered by nonprofit credit counseling agencies and can help you consolidate your debts into one manageable monthly payment.

These programs may also negotiate with your creditors, including Acima, to potentially reduce interest rates or waive certain fees. It’s important to carefully research and choose a reputable credit counseling agency to ensure you receive the best assistance for your financial situation.

Remember, it’s always best to communicate with Acima if you are experiencing financial difficulties. They may be able to offer alternative payment options or work out a repayment plan that suits your needs.

Ignoring your financial obligations can have serious consequences, so it’s important to explore all available alternatives before making any decisions.


Defaulting on your Acima lease has serious financial consequences, but is not the end of the road. Understanding the collections timeline, acting quickly, and exploring alternatives like buyout or voluntary repossession can help you resolve the situation with minimal damage to your credit score.

The most important thing is taking positive steps to gain control over your situation again.

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