Nearly 9,000 Pennsylvania consumers are expected to receive more than $5 million in restitution and lease forgiveness under a $183.5 million multistate settlement with rent-to-own finance company Acima.
The Pennsylvania Office of Attorney General said the nationwide agreement includes $43 million in restitution, $10.5 million for participating states and $130 million in reductions of outstanding lease balances.
Officials said affected Pennsylvania consumers do not need to submit an application. People covered by the settlement are expected to receive additional information directly about their relief.
The agreement addresses the rent-to-own financing practices examined by the participating states. The attorney general’s announcement did not require consumers to take an immediate step to qualify for the relief described.
