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Lease-To-Own Services Make A Comeback With Overstock.com

PYMNTS

The retail chain originally launched a program called LEASE IT in 2012, aimed at providing an affordable solution to those who do not have credit or cannot benefit from layaway because they need the product immediately. Since its debut, LEASE IT has processed over one million leases, which prompted Sears to offer it on a grander scale.

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Sears Offers Online ‘LEASE IT’ Financing Program

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The retail chain originally launched LEASE IT in 2012, aimed at providing an affordable solution to those who do not have credit or cannot benefit from layaway because they need the product immediately. A credit check is not required, and the program offers weekly, bi-weekly or monthly payments based on the customer’s pay cycle.