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Progressive Leasing

Progressive Leasing offers an easy way to get the financing you need regardless of your credit history.


To qualify for No Credit Needed Financing, you must satisfy the following requirements: Must be employed by the same company for at least six months. Earn $1,000 a month and deposit at least $500 a month into your checking account. Must have a checking account that has been open for at least three months. No NSFs and no more than 5 protected overdrafts in the last 30 days.

Progressive Finance & Lease - FAQs

Application and Approval Process

Collect the items below to verify the information on the application: Verify income requirements of $1,000 a month for at least 6 months, with a: Paystub showing 6 months of employment; or Social Security or Disability Benefit Letter; or Letter from employer with hourly wage and year to date on company letterhead. If self employed, provide a 1099 and 30 day bank statement or a business license and 3 months of bank statement.

Verify checking account requirements with a 30 day bank statement that shows:

No NSFs and no more than 5 protected overdrafts Account open for 3 months $500 in deposits Does not end with a negative balance.

Also, A voided check (or a Bank Account Verification Form) A photo ID

Bring these materials with you to Furnishing America

10 minute in-store application with instant credit decision.


What is the interest for this program? This program has no interest because it is a lease-purchase contract. If you pay your balance off within 90 days, all you pay is the invoice price and the $49 Processing fee. If you take more than the first 90 days to pay off the purchase, then you will pay 2.0 times the invoice total over 12 equal payments. (Example: on a $1,000 invoice, you will pay the $49 processing fee and 12 monthly payments of $166.67; a total of $2,049)

Will Progressive Leasing check my credit report? No, progressive will verify information from your most recent 30-day bank statement and pay stub.

How long do you have to be employed to qualify? At least six months with the same employer. The pay stub must show this and you may need a pay stub from the previous year or a W2 to show six full months of employment.

How long will my account be active? An approved account and contract are good for 31 days. If an invoice takes more than 31 days to deliver, then contact Furnishing America for an extension. If the extension cannot be given or the delivery takes longer, you will need to reapply.

What happens if the merchandise is not in stock? Wait until the merchandise is in stock and you are ready to schedule delivery/pickup before applying. If you are not approved, the special order deposit will not be refunded.

10 minute in-store application with instant credit decision.

More Progressive Finance & Lease FAQs