|
Candidates won't be subjected to a credit check, but to qualify, they must be 18 years old, earn a minimum of $1,000 a month and have a Social Security or tax identification number when applying. Customers make the first lease payment at the stores, followed by monthly or bi-weekly payments made electronically. The merchandise has to cost at least $280, and how much customers can lease will depend on income. The program is meant for customers who eventually want to own the merchandise. After five months of making the payments, shoppers will have the opportunity of paying off the balance and owning the product. If they're not ready to make that decision at that time, they can continue to make the payments until 18 months after they sign up for the program. Holtz said that the company is considered expanding the lease-to-own program at its Kmart stores. Sears says it's the first national retailer that is offering a leasing program on a wide range of products. WhyNotLeaseIt, which is based in Manchester, N.H., lists such partners on its website as Jennifer Convertibles, Discount Mattress and Ashley Furniture.
[Associated
Press;
Copyright 2013 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor