No Credit Needed / 90-Day Payment Option // APPLY NOW

Progressive – Credit Application

NO CREDIT NEEDED
Financing with a 90-day payment option

We offer a lease/purchase program to customers that currently cannot qualify for traditional financing. We have over an 80% approval rate! You can learn more below or…

Click here to securely fill out this simple application
 

REQUIREMENTS

There are only two key things that we look at when qualifying customers:

  • Income
  • Bank Account

We require the applicant has had steady income from the same employer for at least the last six months. We also require the applicant to earn at least $1,000 per month and deposit at least $500 per month into their checking account. The applicant must also have an active checking account for at least three months, and have no “Non Sufficient Funds” or excessive overdrafts in the last 30 days.

Ready to get started?

FAQ

What is the interest rate? How is the monthly payment figured?
There is not an interest rate. Lease payments are 15% of the invoice amount per month.
Example: $1,000 invoice = $150/mo payment

How does the customer make payments?
Payments are automatically withdrawn from the customer’s bank account on their paydays. Example: If the invoice amount is $1,000 and the customer is paid weekly, they will pay $34.61 for 52 payments. If they are paid bi-weekly, they will pay $69.23 bi-weekly for 26 payments. If they are paid monthly, they will pay $150 monthly for 12 payments.

What if the customer does not have a checking account?
They will not qualify. They must have an active checking account that has been open for at least three months.

How long is the lease agreement for?
All lease/purchase agreements are for 12 months unless the customer wishes to pay off early.

What are the buyout options for the customer?
We offer early buyout options to customers who wish to own the merchandise outright before the 12 month term is completed. They have two options:

  • 90-Day Payment Option: The customer pays only the invoice amount plus a $40 INITIAL PAYMENT within 90 days of the delivery date.
  • Early Buyout Option: If the customer wishes to own the merchandise outright after 90 days, they will be able to purchase their merchandise at a percentage of their remaining balance.

What if the customer wishes to return the merchandise?
Although returns are not common, because this is a lease/purchase agreement the customer may return the merchandise at any time to Progressive.

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