SALT LAKE CITY--(BUSINESS WIRE)--Acima Credit, a fintech company specializing in point-of-sale finance solutions, announced it is now reporting credit data to Experian, the leading global information services company. By reporting payments to Experian, Acima is allowing its customers another way to expand their credit file. Now Acima is not only helping people afford life's essentials, but also helping them take control of their credit history.
"We’re excited to be working with Experian,” said Aaron Allred, founder and CEO of Acima Credit. "This is another way Acima will be helping people take control of their financial lives—giving our merchants an easy way to help their customers take control of their credit without signing up for a credit card, and without all the associated fees."
Point-of-sale financing is a whopping $1 trillion market, according to leading fintech organization LendIT USA. With Acima Credit, people cut off from the credit world can make important life purchases such as mattresses, car tires and prescription glasses. "No credit needed” financing options help individuals and families, and help merchants who otherwise would not be able to sell to those consumers.
“Experian has made it a priority to empower consumers with the right tools they need to establish and build credit, and we are continually looking for ways to collaborate with companies like Acima Credit to do this,” said Greg Wright, senior vice president, consumer information services, Experian. “We are proud to be helping create another great way for consumers to gain access to credit and use credit products responsibly.”
Based in Salt Lake City, Acima Credit is a fintech company that specializes in point-of-sale finance. Acima helps retail merchants reach a segment of the population that was previously unavailable to them, while simultaneously helping consumers purchase the things they need in a way that makes sense. For more information visit www.acimacredit.com.