Buy Now, Pay Later

Progressive Leasing Stores With No Credit Check!

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Do you intend to make a large purchase in the near future but lack the sufficient credit? It may be easier for you to achieve this if you contact stores that accept progressive leasing. Such stores allow you to pay for your product over time rather than entirely at once!

What Will We Talk About Here?
  • Some leading stores that accept progressive leasing include Overstock, Lowe’s, Best Buy and many more.
  • You need to be at least 18 years older to qualify for this program as well as present required documents.
  • Regardless of where you choose to shop, with lease-to-own program, the total amount paid is always higher than the original price of the product.

…and Much More!

List of Stores That Accept Progressive Leasing

With a weak banking history and a struggling credit score, getting approved for a loan program may not be easy. That does not mean, however, that you should give up on the idea of meeting all your needs.

  • Stores that accept progressive leasing do not run a credit check and they don’t need to pull out your credit report either. We have listed some of these below!

Moreover, we have also talk about how progressive leasing works and what are some of the downsides that you should look into so keep reading!

Attention! Regardless of where you choose to shop, with lease-to-own program, the total amount paid is always higher than the original price of the product. The real advantage is that you can pay the cost over a period of time instead of all at once.

Overstock.com

Overstock.com, Inc. is an American online store based in Midvale, Utah, near Salt Lake City. It is famous for its progressive leasing on most pieces of furniture that you may finance to make it easier for you to buy.

  • It makes it easier for the consumers by allowing them to pay weekly, bimonthly, or monthly if they don’t have cash in hand.
  • You can save money while paying off your lease with Overstock.com 90-day buy option.
  • There are a variety of different early buyout choices available; the cash price of the leased item and the frequency of payments will determine the remaining of the lease payments. However, you must pay $49 in advance.
  • Because they collect information from credit agencies without conducting a credit check, Overstock.com progressive leasing policy does not require your credit report.
  • Within 30 days of purchase or after 30 days with progressive leasing, you can terminate your lease on furniture, electronics, and other appliances by contacting the authorities.

Best Buy

Best Buy Co., Inc. is an American multinational consumer electronics retailer that sells a wide range of products through progressive leasing programs like software, drones, mobile phone plans, etc.

  • Even if you don’t have credit, you can apply for the lease-to-own program.
  • With the standard payment option, you can pay for a lease for a period of up to 12 months.
  • You have the option of having your lease payment deducted automatically from your checking account or charged to your credit card on a recurring basis.
  • With progressive leasing options starting at 90 days, an early buyout option is available.
  • You need to provide information of an active checking account if order to quality.

Lowe’s

Lowes offers a Progressive Leasing option for home improvement appliances that is exclusively available in store.

  • Your payment plan and the amount will vary depending on the goods you purchase.
  • You can purchase out early with a Lowe’s lease policy. However, the Lowes lease payment option last up to 90 days.
  • Standard lease term payment option varies for up to 12 months.
  • You need to provide information of an active checking account if order to quality.
  • Early buy out option is open but the terms may vary depending on the contract that you draw with the company.

Jordan’s Furniture

Jordan’s Furniture has the largest selection of name-brand furniture and mattresses in New England with different financing options available for both online and in-person purchases

  • With Jordan’s furniture lease program, you only need to pay a one-time fee of $49 to get started.
  • Only when you sign the lease and make the first payment the tax is included.
  • You must complete all initial payments and any relevant taxes within 90 days of delivery to acquire and possess the products.
  • You can buy and own your furniture or mattress for 65% of your remaining lease balance at any time after 90 days.
  • Customers may own the product by paying off the outstanding amount at any time after 90 days from the delivery date if they want to buy early.

Reeds Jewelers

Reeds Jewelers is a chain of retail stores, usually in shopping malls, as well as an online store, Reeds.com, that has a long history of manufacturing high-quality jewelry accessories and wristwatches that consumers keep for years.

  • According to Reeds’ payment policy, you can pay your lease installments for up to 90 days.
  • Max Leasing time period to own a product is a 12-month program.
  • You can also pay easily with reeds by making regular payments.
  • Progressive Leasing obtains information from credit bureaus and does not require credit but it is not applicable to all the participants. 
  • You can shop for a progressive leasing program online without giving up your credit card information, and you can also apply for progressive leasing program in-store shopping online.

Dan the Tire Man

Dan the Tire Man has a big assortment of lease-to-own tires and custom rims from major brands for trucks and all four-wheel-drive vehicles.

  • When you sign your lease for the first time, you will be charged the first payment price, which includes tax.
  • Based on the goods selected, the remaining lease payments will be estimated.
  • You can pay off your lease by paying 65% of the remaining debt at any time after three months but before the conclusion of the 12-month period.
  • You must pay the $49 application fee, plus tax, in advance; however, you may pay the remaining balance over a 90-day period.
  • You need to show an income of at least $1000 per month in order to qualify.

Helzberg Diamonds

Helzberg Diamonds is an American jewelry retail business with locations largely in shopping malls and strip malls throughout most of the United States.

  • You can apply for lease payments online and can pay in stores.
  • You won’t have to pay any additional fees if you pay your lease within 90 days; all you have to do is pay your original payment plus the invoice amount.
  • For lease payments, you need to provide your social security number and credit card information.
  • You can make full payments over a period of 12 months.
  • Early buy out is possible after 3 months.

Jerome’s Furniture

Jerome’s Furniture Warehouse is a Southern California-based family-owned chain of inexpensive furniture stores that offers free design services with its products at a regular competitive price.

  • For lease payments, you need to provide your social security number and credit card information.
  • You can pay your lease installments for up to 12 months.
  • When signing for the first time, you need to pay $49 initial payment.
  • You only have to pay the invoice price plus the $49 initial lease payment if you pay the lease balance within 90 days.
  • Credit bureaus provide credit information to Progressive Leasing, you don’t need to provide card information, however, this is not applicable to all the customers.

Shop Factory Direct

ShopFactoryDirect.com is the place to go if you’re looking for the most up-to-date home furnishings and accessories. It offers a variety of traditional, contemporary, and transitional styles to complement the design of your home.

  • After the first 90 days, you can choose to pay off the remaining balance of your contract for 65% of the total amount owed (plus fees)
  • You simply need to pay the lease amount plus the initial $49 cost, if you pay within the first 90 days.
  • Payments are flexible you can pay weekly, biweekly, or monthly payments for the entire year.
  • You can find almost everything at this store.
  • However, applicants must provide proof of a regular source of income in order to qualify.

Conn’s Home Plus

With Conn’s home plus you can buy gadgets, furniture, mattresses, and other household items on lease. 

  • You need to provide your social security number and credit card information.
  • Active checking account is needed in order to qualify.
  • You can choose the 90-day payment option as it is the only one available.
  • After 90 days, you would have the choice to opt for early buy out.
  • Conn’s Home Plus offers one of the best collection of appliances, electronics, furniture, and more.

Cricket Wireless

Cricket Wireless is a wireless service company based in the United States that sells cell phones, plans, and services on a lease basis with low prepaid prices and no annual contract.

  • You have the option to purchase out early and pay within 90 days.
  • Various payment options are available. You have the option of paying weekly, biweekly, or monthly.
  • You must pay $50 to participate in the cricket store.
  • California stores may offer lower initial payments.
  • You can buy up to 5 phones here with progressive leasing. However, the first one that you purchase must be priced higher than $150.

Extra Reading

Other Stores That Do Not Take Progressive Leasing

Although the list of stores that offer progressive leasing is exhausting, there are still some famous names that have not yet introduced any such scheme. You can, however, try other traditional financing options here instead.

  • Amazon
  • Wireless
  • Walmart
  • Costco
  • The Home Depot
  • Sears
  • Kmart
  • Mathis Brothers Furniture
  • Living Spaces
  • Metro by T-Mobile
  • Sam’s Club
  • Target
  • Verizon

Stores with Progressive Leasing – How Does It Work? 

Payment lease does not charge you for its services, which is usually merely your initial payment plus the item’s purchase price. Your initial payment plus the item’s purchase price can be paid off in 90 days. Thus, it works better than some other financing options.

  • If you are unable to pay in full within the first 90 days, you will have repurchase options for up to 12 months, but you will be required to pay an additional lease cost.

Progressive Leasing does not provide direct access to its consumers. Until the lease is fully paid off, Progressive Lease retains ownership of the item.

To have it accepted, the firm that grants the lease will evaluate your banking, employment history, and personal information. They will ask for your money when they have verified your identity and signed the lease, and Progressive Leasing will then purchase the item from the merchant and lease it to you concurrently.

Some other things to keep in mind while working through a progressive leasing program includes:

  • Choose a payment method online or visit a participating store with your lease ID number and photo ID to utilize your cash following authorization.
  • A cashier will be able to check up on your lease and assist you with the rest of the process.
  • If you apply through a specific store that offers Progressive Leasing, you will be unable to use your lease at another retailer.

Cons That Come With Progressive Leasing

Progressive leasing has a generally positive reputation, however, there have been a number of negative customer evaluations.

  • As with any leasing, borrowing, or similar program, you will pay more or sometimes double the price if you bought the item outright.

There is more than that! For example, if you miss or delay a payment, you must inform the company beforehand. Otherwise, you can face penalties in terms of excessive charges and fine. Informing the company ahead of time may save money and time, and they may be able to help you find a solution.

Moreover, if you fail to inform the company beforehand, your account could be placed on hold, and your belongings could be repossessed.

If you live in Minnesota, Vermont, Wyoming, New Jersey, or Wisconsin, you may not be allowed to use the progressive payment option and will have to explore alternative options.

Attention! This is due to the state has placed restrictions on progressive leasing, making it impossible to use the 90-day payback option.

The Bottom Line

Opting for stores that accept progressive leasing is a smart move especially if you need to make a big purchase. A major advantage here is that you would have to pay lesser fees as compared to other financing programs.

This option also works for those with poor credit scores. Since such applicants would have trouble getting accepted for an affordable loan program, they can choose to lease expensive items instead and clear payments partially.

Frequently Asked Questions

Can you use progressive leasing at all stores?

Not all stores have introduced this program. Therefore, you need to check out the list of stores that let you shop with progressive leasing. Some of the common names include Best Buy, Conn’s, Overstock, Lowe’s, and more.

How does progressive leasing works?

It is quite simple. Just choose the store that offers it, look into the terms and conditions, choose the program and payment options, sign the lease, and wait for the approval. You might be asked to make the first payment at the time of the purchase.

Will progressive leasing affect my credit score?

These programs have no impact on your credit score because they do not run a credit check. Moreover, they do not report to any credit bureau either so you can expect to build your credit score with it.

What will happen if you miss a payment on progressive lease?

You can choose to return the product if you don’t wish to keep it without any additional charges. However, if you continue with the program but have missed a payment, you may incur fine.