Progressive Leasing: Shop Now, Pay Over Time — No Credit Needed

There is no minimum credit score requirement. Approval decisions are based primarily on income and banking history. Applicants with limited credit history, scores in the 500s, or a damaged credit file are regularly approved when other factors — stable income and an active checking account — support the decision. A hard credit inquiry is not performed.

Approval spending amounts typically fall between $200 and $5,000, depending on your income level, banking history, requested amount, and the participating retailer. Higher approval amounts up to and beyond $5,000 may be available at select retailers such as Best Buy for applicants with strong income profiles.

If you pay the full remaining balance within 90 days of signing your lease agreement, your total cost equals the retailer's cash price plus a small initial payment and any processing fee. This is the most cost-effective way to use the program. In California, the 3-month buyout equals the exact cash price with no markup. Contact customer service to request the exact payoff amount before the 90-day window closes.

You can choose weekly, bi-weekly (every two weeks), semi-monthly (twice per month), or monthly payments. Payments are automatically withdrawn from your linked checking account on your selected schedule. Matching your payment frequency to your payday makes it easier to stay current. Confirm available schedules in your specific lease agreement, as not all options are available in every state.

You can apply online at ProgressiveLeasing.com, through the Progressive Leasing mobile app, or in-store at a participating retailer. The application requires a valid government-issued ID, your Social Security Number or ITIN, an active checking account, and verifiable income. Most applicants receive an instant decision and can shop immediately.

Applying for Progressive Leasing does not result in a hard credit inquiry. The provider obtains some bureau data during the verification process, but it does not perform the type of hard pull that reduces your FICO or VantageScore. Your credit score is not negatively affected by submitting an application.

Yes. You can cancel your lease and return the merchandise at any time without an early termination penalty. You are responsible only for the lease costs accrued up to the date of return — you do not owe the remaining balance. Contact Progressive Leasing customer service to initiate the return process. Items must be returned in acceptable condition.

If a payment fails, Progressive Leasing will typically reattempt the withdrawal. Late or missed payments may result in fees as outlined in your lease agreement, and continued non-payment can result in lease termination and return of merchandise. Contact customer service proactively if you anticipate difficulty making a payment — some accommodations may be available.

The program is available in 47 U.S. states and Washington D.C. It is not available in Minnesota, New Jersey, or Wisconsin. In Puerto Rico, the program operates in-store only — online applications are not accepted there. California residents benefit from a 3-month buyout at the exact cash price with no markup.

No. Traditional rent-to-own stores like Rent-A-Center are physical storefronts with their own inventory. Progressive Leasing is a virtual lease-to-own provider — it operates within participating retail stores (Best Buy, Ashley HomeStore, etc.) and has no inventory of its own. You shop at regular retail prices at your chosen store and Progressive Leasing handles the financing structure.

The 12-month standard term total cost is typically 60–85% above the retailer's cash price, depending on state, retailer, and payment schedule. For example, a $1,000 item may cost approximately $1,600–$1,700 at full term. This is why using the 90-day early purchase option — when financially possible — is strongly recommended to minimize the total cost of ownership.

Yes. Progressive Leasing is available for online purchases at Best Buy through BestBuy.com. At checkout, select Progressive Leasing as your payment method. You will be redirected to complete the application if not already approved, or your existing approval amount will be applied to your cart. Eligible items include televisions, laptops, tablets, gaming consoles, and select appliances. Some product categories may be excluded from lease-to-own online.

At Ashley HomeStore, Progressive Leasing is available both in-store and online at Ashley.com. In-store, ask any sales associate to apply the program to your purchase at checkout. Online, select Progressive Leasing at the payment step. The program covers sofas, sectionals, bedroom sets, dining sets, mattresses, and home office furniture. Your approval amount determines what you can select, and you sign the lease agreement before the items are delivered or picked up.

Yes. Progressive Leasing is operated by Prog Leasing, LLC, which is a subsidiary of PROG Holdings, Inc. — a publicly traded company on the New York Stock Exchange under the ticker symbol PRG. PROG Holdings also owns Vive Financial. The lease-to-own program is marketed under the Progressive Leasing brand name, which is a registered trademark of Prog Leasing, LLC. This site is an independent resource and is not affiliated with Prog Leasing or PROG Holdings.