BB FAQs | Progleasing (2024)

FAQs

Can you go to jail for not paying Progressive Leasing? ›

While failure to pay Progressive Leasing is not a criminal offense, it is possible that you could end up in jail if you fail to respond to legal action taken by the company.

Applying for a lease-to-own agreement with Progressive Leasing should not impact your FICO score; however, we do look at credit bureau reports, and this inquiry may appear on your credit report.

Denied: If your application is initially denied, you may have the option to overturn your denial. If you are interested in the possibility of overturning your denial, please first check your email. If you receive an email from Progressive Leasing, please complete the instructions in your email.

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.

If you need to stop a payment for any reason, please call us at least 3 business days before your next scheduled payment, and we will help you reschedule it. If you have missed the 3 business day deadline, we are unable to make any changes to your payment and your payment will still be processed.

The Attorney General sued Progressive in August 2022, alleging that Progressive had failed to comply with the Rental Purchase Agreement Act that required lessors to place physical tags — with complete financing cost information — on goods offered for rent.

Progressive customers can reschedule their upcoming payment date to be up to 10 calendar days after their original due date through the company's online billing portal, or they can contact the company directly by calling 800-776-4737.

Progressive Leasing can hire a lawyer to file a breach of contract lawsuit against you for the underlying debt, fees, and costs. If you've been sued by Progressive Leasing, do not ignore the lawsuit; you may have defenses.

When you bundle your purchase under one lease-to-own approval, you only make one initial payment. Save today by using your full approval amount! Click here to apply. You can also have up to two open lease-to-own agreements at a time.

Does everyone get approved for Progressive Leasing? ›

No credit needed. You can apply even if you don't have credit. Approval is based on many factors and Progressive Leasing obtains information from credit reporting agencies. Not all applicants are approved.

You can cancel your lease at any time. You have the right to return the items to Progressive Leasing without additional charge or penalty, and you will owe nothing further except unpaid lease-to-own costs. To cancel your lease call us at (877) 898-1970.

You can still save money with the early payoff option: Pay off the remaining lease total after 90 days and you will only pay 53-65%* of the remaining lease total. To purchase early call Progressive at 877-898-1970. *Payoff percentage varies from 53%-65% dependent on the state.

While there is a cost associated with Progressive's leasing services, we don't charge interest.

Best Buy partners with a company called Progressive Leasing to offer its customers installment payment options, but critics describe the model as predatory. Last Spring, Best Buy began offering Progressive Leasing, which enables customers with bad credit to pay for big purchases in installments.

Yes, Progressive Leasing can sue you. Progressive Leasing can hire a lawyer to file a breach of contract lawsuit against you for the underlying debt, fees, and costs. If you've been sued by Progressive Leasing, do not ignore the lawsuit; you may have defenses.

Progressive Leasing has been ordered to pay $175 million in fines. The order mandates that Progressive Leasing refrain from misrepresenting or assisting others in misrepresenting various aspects related to costs, fees, charges, interest, nature of goods or services, availability of options, and other material facts.

The Attorney General sued Progressive in August 2022, alleging that Progressive had failed to comply with the Rental Purchase Agreement Act that required lessors to place physical tags — with complete financing cost information — on goods offered for rent.