About Progressive Leasing

Progressive Leasing offers an easy budgeting tool that helps you estimate lease-to-own costs, excluding sales tax, before applying! When you use this tool, please keep in mind that your actual terms and pricing details may vary based on approval. 

To get your estimate:

1. Go to our Find a Store
2. Search for a retailer by entering your city or Zip Code and clicking ‘Estimate leasing cost’ (Ex. 1)

1. Fill out the cash price of the merchandise. 
2. Select how often you are paid. 
3. Click ‘Get my estimate’ (Ex. 2).

Within your estimate, you will see your estimates of the lease-to-own cost, 12-month lease-to-own total, recurring payments, early purchase options and much more! (Ex. 3)

Once you have reviewed your estimate, you will have the option to apply. (Ex. 4)

Yes. You can purchase the product at any time. You can take advantage of a 90-day purchase option (3-month purchase option in CA) as provided in your lease-to-own agreement. This is the least expensive lease-to-own purchase option and expires 90 days (3 months in CA) after your item(s) are delivered. After this option expires, you can exercise an early purchase option for less than the total of remaining 12-month lease-to-own total, as described in your lease agreement. 

*Standard agreement offers 12 months to ownership. 90-day and other early purchase options cost more than the retailer’s cash price (except 3-month option in CA). To purchase early or to cancel your lease, you must call 877-898-1970. Retailers cannot activate early purchase options. 

What is meant by "No Credit Needed"

“No Credit Needed” means that you don’t necessarily need to have credit history or a strong credit score to be approved for lease-to-own. We do check credit bureau reports; however, we look at many other data points to make a final decision, and we regularly approve customers with less than perfect credit or very little credit history.

Progressive Leasing obtains information from credit bureaus. Not all applicants are approved.

Does it matter that I have bad or no credit?

Our decision process allows us to consider more than just credit reports and credit scores. We regularly approve people with less than perfect credit or very little credit history. However, not all applicants are approved.

Does Progressive Pull Credit Reports?

Yes. Credit bureau reports are requested for all applicants, but Progressive Leasing looks at many data points in these reports besides credit scores. By doing so we can approve many customers with less than perfect credit or with a thin credit file or no credit file.

What's the difference between a hard and soft credit inquiry?

Progressive Leasing will only make soft inquiries to the big three Credit Bureaus (Transunion, Experian & Equifax). Other secondary bureaus, however, do not offer a soft inquiry option. An inquiry occurs any time an individual or business requests a copy of a person’s consumer bureau report – also known as a credit report. The bureaus keep a record of all inquiries made. Creditors and scoring models could consider inquiries a negative factor in a consumer’s report. On a soft inquiry, the inquiry is only visible to the consumer if requesting a copy of their own consumer report, whereas a hard inquiry can be seen by other credit reporting agencies and may impact FICO or other credit scores.

Will a lease-to-own application impact my credit score?

Applying for a lease-to-own agreement with Progressive Leasing should not impact your FICO score, but your score is determined by the credit bureaus and not Progressive. As part of the application process,  we do look at credit bureau reports.

Does Progressive report my lease-to-own application to credit bureaus? Can I build up my credit by doing a successful lease?

We do not currently report lease-to-own applications to credit bureaus. Progressive Leasing provides a lease-to-own purchase program, not credit.  We may report information about your lease to consumer reporting agencies, but we are not required to do so, even upon your request. Late payments, missed payments, timely payments, or other defaults on your Lease may, however, be reflected in your credit report.

Does Progressive report my payment activity to credit bureaus?

We may report information about your lease to consumer reporting agencies, but we are not required to do so, even upon your request. Late payments, missed payments, timely payments, or other defaults on your lease may, however, be reflected in your credit report.

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Did you know you can lease multiple items under a single lease approval? Once approved, you can choose multiple eligible items, as long as their total retail price stays within your approved amount from the selected retailer. By bundling everything into one lease, you'll make just one initial payment. Maximize your approval amount and start saving today!

Make the most of your approval when shopping with Progressive Leasing! Click here to apply.

You can also have up to two open lease-to-own agreements at a time. To learn more, click here.

Contact a Progressive Leasing customer service representative at (877) 898-1970.

Customer Service agents are available Monday through Friday from 10 a.m. to 7 p.m. (EST), Saturdays and Sundays from 10 a.m. to 6 p.m. (EST).

You may also access your account online via the customer portal, 24 hours a day, 7 days a week. 

Scan to download the app. 

Here at Progressive Leasing, we value transparency and want to make sure you know exactly what to expect when you use our lease-to-own purchase option. If you haven't applied for Progressive Leasing yet, you can do so by clicking here. To help you better understand your lease-to-own agreement, we’ve included some important terms that you can review here. Below we have listed some common FAQs to help you with your new lease-to-own agreement.

When can I make changes to my account?

You will receive an email welcoming you to Progressive Leasing shortly after taking possession of the merchandise. This welcome email will confirm that your lease-to-own agreement has been funded and will give you details on your payments, 12-month lease-to-own total, and early buyout options. Once you have received your email, you may contact us to schedule your 90-day purchase option or make changes to your payments. You also have the option to create an online account by clicking here.

When is my first scheduled payment?

We won't take any scheduled recurring payments before you receive your merchandise. Once you receive your merchandise, you will receive a welcome email confirming your first payment date. You have a 10-day grace period after you receive your merchandise where no payments will be scheduled. Your payment frequency is based on the payday schedule you provided during your lease-to-own application. You will also receive a payment reminder email prior to each scheduled payment.

When are my payments?

Your payments are scheduled on your paydays. This is based on the payday frequency you provided on your application. Once you receive your welcome email, you can view your payment schedule online by creating an account here. If you need to make any changes to your payments, please contact us. We would be happy to assist you.

How can I take advantage of my 90-day purchase option?

When your lease begins, you are automatically set up for low, convenient payments scheduled to fulfill the remaining 12-month lease-to-own total. You also have the option to buy out your lease within the first 90-days (3-months in CA). This amount includes the cash price, plus the lease-to-own cost for the first 90-days. Taking advantage of this option will save you the most money. To use the 90-day buyout option, please contact us once you receive your welcome email and we’ll help you set up payment arrangements.

Where will my payments be taken from? 

Your primary payment method is the bank account or card number you provide during your lease-to-own application. These payment methods will also be used on any open lease-to-own agreement you may currently have. You have the option to change your payment method at any time during the length of your lease-to-own agreement. If at any time a payment is unsuccessful, we will attempt to withdraw the funds from your secondary payment method.

Can you help me understand my remaining 12-month lease-to-own total?

When you signed your lease-to-own agreement, Progressive Leasing purchased the merchandise you selected. You then lease that merchandise from us until all required payments are made. Your remaining 12-month lease-to-own total includes the cash price and the lease-to-own cost, plus estimated sales tax. We do offer several early buyout options that will save you money. To take advantage of an early buyout option, please contact us.

When will I receive my merchandise?

To discuss the delivery or pickup of your merchandise, please contact the retailer that the merchandise was purchased from. After your initial payment, no payments will be due until you receive all of your merchandise. If your welcome email contains the wrong delivery date, please contact us.

What if I can't afford my payments?

If your recurring payment amount is more than you can afford, Progressive Leasing may have options for you. To discuss your options, please contact us.