The advertised transaction is a rental purchase agreement (rent-to-own agreement, consumer rental-purchase agreement or a lease/lease-purchase agreement depending on your state) provided by Preferred LeaseTM. It is not a loan, credit, or financing. You will not own the merchandise until the total amount necessary to acquire ownership is paid in full or you exercise your early purchase option. Ownership is optional.
Approval subject to review and verification of your application. Not all applicants are approved. Lease agreement requires, at a minimum, verification of residence, income, and personal references. Approval amount based on retail price of host retailer. The Preferred Lease cash price may include a markup over invoice price. Acquiring ownership by leasing costs more than the retailer’s cash price. See your lease for payment amounts and rental terms.
"Lease line" and "up to $4,000" refer to maximum amount Preferred Lease will spend to acquire goods from a retailer to provide to you, subject to a lease purchase transaction.
No credit needed does not mean or imply that no inquiry will be made of credit history or creditworthiness. We may receive data from consumer reporting agencies and/or data furnishers, but no established FICO score or credit history is required.