We use Snap Financing. Through its affiliates or financing partners, Snap provides financing to those who may not qualify for traditional financing or credit. Depending on what you need and where you shop, we may offer a lease-to-own, installment loan, or installment contract option. If approved, you can use your Snap approval amount at stores across the US with a payment plan based on the information you provide during the application process.

Snap reports payment outcomes to the Consumer Reporting Agencies (CRA) it pulls credit information from.

For our lease-to-own and loan products, Snap reports to the CRAs Clarity Services Inc., and Data X. Snap does not report payment outcomes for our lease-to-own and loan products to TransUnion, Equifax, or Experian.

For the Credit+ Loan product, Snap does report payment information to Experian.

Snap always checks credit, but keep in mind that Snap's application results are not based on credit alone, and customers can be approved even if they have poor credit or no credit.

For our lease-to-own and installment loan products, Snap uses data from secondary credit reporting agencies (CRAs) like Clarity and DataX. Applying with Snap will affect your credit score with these CRAs, but is unlikely to affect your FICO score or scores from the three major credit bureaus - Experian, Equifax, and Transunion.

Note: Experian is used for Credit+ applications and as a result, credit scores may be affected. Credit + is not a Lease-to-Own product.

Most accounts are set up on easy, automatic payments corresponding to your paydays. Our options include 

1. Full-Term Plan (default) 
   Best choice for affordable payments

You make regular payments until the end of the 12-18- month maximum term. This is the standard program unless you exercise an early payment option. 

1. 100-Day Option 
   Best option for lowest total cost

You make payments equal to any applicable processing fee, the cash price, plus tax, and any associated minimum loan or lease cost associated fees, within the first 100 days. 

1. Early Payoff Option
   Best option for flexibility

You pay the remainder of your agreement anytime after 101 days and receive a discount on your remaining payments. 

Once you make your purchase, your payments are spread over time, usually 12 months.

After you choose what you want and sign your lease-purchase agreement, Snap acquires the merchandise from the retailer. You're allowed to use it while making lease payments. Once you've fulfilled the terms of your agreement with Snap, you will obtain ownership.