progressive leasing reddit - Brave Search

Is it hard to get approved for progressive leasing?

reddit.com › r › CricketWireless › comments › 18gpjl7 › is_it_hard_to_get_approved_for_progressive_leasing

I know people who had below 500 credit score and got approved. Answer from Deleted User on reddit.com

reddit.com › r/bestbuy › so do yall recommend the progressive leasing?

r/Bestbuy on Reddit: So do yall recommend the Progressive leasing?

November 14, 2023 - Absolutely not. If it’s a necesitoe and a need, I always talk about the 90 day payout option but always make sure they know how much they will be paying for an item at the end of it. I say progressive leasing is more for a need not a want.

reddit.com › r/povertyfinance › progressive leasing. what have i done

r/povertyfinance on Reddit: Progressive leasing. What have I done

May 25, 2024 -

Hi! I used progressive leasing to buy a mattress in November. I was sure I would be able to pay it off in 90 days because of extra money coming in. Then life happened and that money went to an emergency. What happens if I stop making payments 6 months in to this money sucking scam?

My understanding is that progressive leasing isn't a true debt, which unfortunately means that if you stop paying you have "stolen" the item and they can take you to civil court to sue for damages. It'll probably be for the remaining value of the lease, plus interest, plus penalties, plus possible legal fees. I think if granted judgment they can garnish wages/bank accounts if you can't pay. Sorry for the bad news, I'm wishing the best for you.

If your account hits 60 days past due they offer a settlement 90% 80% 70% is the lowest if it’s more than 90 days past due they offer up to 60% and they hold it for an additional 90 days hope this helps.

reddit.com › r/bestbuy › progressive leasing screws the customer and in good faith, i cannot recommend it

r/Bestbuy on Reddit: Progressive Leasing screws the customer and in good faith, I cannot recommend it

July 11, 2018 -

I know this helps the store's bottom line, but I, as a salesperson, do not want to be the face of fucking over our customers. Even at the lowest amount of $300, they end up paying $706, minus the $79 fee to walk out the door with the merchandise.

It damages my reputation and I make sure to explain to customers what they are getting into before they apply for leasing. And BTW, Progressive Leasing had NO impact on a customer's credit score. They say they will send a letter to the 3 credit agencies at your request, but this has little to no effect to establishing or improving credit.

I've seen a few posts here about progressive leasing. is this something that's going to be hitting other stores too? I live in Cali, and never heard of it except for here..

Unpopular opinion, but I’m a fan of it. I signed up for a progressive lease on my engagement ring, made biweekly payments, kept track of my 90th day like a hawk through their app, and budgeted to pay it off on the check prior to the 90 day option expiring. Obviously, that’s best case scenario, and not every customer will be as vigilant around paying it off aggressively. However, you have to remember, if we are doing our job properly, building a scenario that maximizes opportunity for the customer and run the branded payment app and it’s not improved, we may have burned a customer who could not afford that tv without progressive leasing. As another poster pointed out, they then leave with a bad taste in their mouth and go to rent a center and Aaron’s and lease to lease that product anyways. When used responsibly, this can be an empowering tool for poor to moderate credit customers who want a little luxury in their life. Don’t use it like the Best Buy card, I don’t even mention the 12 month option (instead, I tell them make sure to pay the balance off prior to the 90 day mark, and download the app), and don’t use it for customers that already have the cash in hand (the way you would offer a Best Buy card so they can get the 10% back. In short, encourage people to be responsible and you’ve done the best you can

reddit.com › r/lowes › if i had a dollar for every time progressive leasing went smoothly i'd probably have enough for a single red bull using my employee discount

r/Lowes on Reddit: if i had a dollar for every time progressive leasing went smoothly i'd probably have enough for a single red bull using my employee discount

March 6, 2023 - Okay but that is literally how I explain it to customers or other associates if they ask what can/can’t be leased lmao ... That's how one of my store ASMs explained it when they introduced it. Continue this thread ... Wow our rep joked with us about repoing things. ... That’s how I explain it. ... That's awesome. Worth it if you ask me. Continue this thread ... I had one customer interested in getting a $1500 fridge with it. Progressive leasing would charge you $3400 in total for it.

reddit.com › r/bestbuy › confused about progressive lease and cant get a straight answer.

r/Bestbuy on Reddit: Confused about progressive lease and cant get a straight answer.

August 15, 2021 -

So I went to lease a laptop the other day. I was told with the progressive leasing theres no payment today. But when I was reading the contract it said "$xx due at lease signing." So I when I brought it up and said "oh, so there is money due today?" The guy couldnt give me a straight answer so I walked out. I really need the laptop for my classes (and yes I know ill be paying double im not worried about that) but i just want to know if i should expect money to leave my account immediately or not? Why cant someone just answer a simple yes or no?

So the way progressive leasing works, the first day, they’re will always be a down payment due and it’s usually around $89, and that gets taken out of the account you chose when you signed up for the lease. If you pay off the full price within 90 days, hardly any interest will be charged, but if it’s over 90 days, the interest will start building up quickly and reach double the price of msrp at 12 months

There is a $59 dollar charge up front when you buy something with progressive leasing.

reddit.com › r/bestbuy › progressive leasing

r/Bestbuy on Reddit: Progressive leasing

June 26, 2024 -

This is awful and I don’t wanna be to this point but anyone have experience with not paying your lease with progressive leasing because you got in over your head like an asshole? I can’t return the product so what happens if I don’t pay. Jail? Court? Collections? People coming to your house?

Thanks, and if your seeing this, make better choices then me.

Taken from their website: What if I can no longer afford my payments? "We understand that unexpected situations come up that may prevent you from continue to lease-to-own your merchandise. If you find yourself unable to continue with your lease-to-own agreement, please feel free to call Customer Service to discuss your options. (877) 898-1970. 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." AKA, you don't own the merchandise, they do. You don't return it to the retailer, you return it to Progressive Leasing. Contact them at that number though and see if they can help you out, but they own it, so they'll be able to take it back from you and you'll just owe some unpaid lease-to-own costs.

Taking out a credit card for a car stereo is bad, using Progressive Leasing is a whole nother level!!! I hope you learn from this, stop putting unnecessary crap into your depreciating asset (car). Someone posted you can return things to PL, and you’ll have to get your deck uninstalled. Maybe watch a YouTube video? Good luck, but learn now, or your mistakes only get more costly down the road.

reddit.com › r/bestbuy › best buy progressive leasing question

r/Bestbuy on Reddit: best buy progressive leasing question

November 13, 2023 -

Hello everyone, i see a lot of negative things about progressive leasing and I just have a few questions about it. In simple terms if I pay it off within the 90 days I am only paying the original retail price + the original progessive leasing fee and if I do not pay it off within those 90 days the price is pretty much doubled and I pay that over a year or so. is that correct? If that is correct why do so many people think this is dangerous other then the doubling of price being absolutely crazy.

You are right. 90 day pay is the same as the cash price. Anything after that will be double in price. As long as you are aware of the fine print and know what you're getting into you'll be fine. Unfortunately people demonize progressive cause they didn't read the fine print. I've used pl plenty of times. I like the service and always inform people the ups and downs.

I performed a public service and talked people out of progressive leasing. If you really can't afford it and/or have bad credit...You probably don't need it

reddit.com › r/cricketwireless › is it hard to get approved for progressive leasing?

r/CricketWireless on Reddit: Is it hard to get approved for progressive leasing?

August 27, 2023 -

I want to get phones through progressive leasing. Is it hard to get approved?

I know people who had below 500 credit score and got approved.

They wanna see bank account and income history for more then six months generally. If you've got over 6 months of both it's usually fairly easy. Even if you're denied at first if you have those first two things you can usually have them overturn it. That said without at least 6 months account and income history it is difficult and rarely gets approved.

Find elsewhere

Google Bing Mojeek

reddit.com › r/bestbuy › progressive leasing misinformation, what are my options?

r/Bestbuy on Reddit: Progressive Leasing misinformation, what are my options?

March 15, 2019 -

Hello everyone I recently went to BestBuy and was told that instead of paying the $500 out of pocket for a new phone I could lease the phone around 40 something dollars a month (with option to pay it off whenever I wanted)

I thought this was a great deal and because I was a good customer at Best Buy and buy all my electronics there that's why I was offered this deal never hearing of it before

( let me clarify something my phone was 750 plus tax which came out to 800 I traded in my phone for 300 and brought the price down to 500)

So I download the app they told me about to manage payments and now the app says I owe 600 more to my phone which I just paid $81 down payment for so my total should have been $419

Now I realize I have been scammed because either Best Buy didn't know what they was talkin about ( they did mention this service was relatively new) the thing they made me sign was through a text message and believing what Best Buy said I did not read any of the print which I understand is a huge mistake on my part

I only did this earlier today. What are my options? Can I return the phone tomorrow? do any of you have experience with something like this? Would I have better experience going to Best Buy where the phone was purchased or calling Progressive Leasing?

Don't want to be ripped off $150 because Best Buy didn't inform me but it looks like that's the case for now

EDIT: the receipt in front of me says the total of the phone so I'm very confused on what changed from talking to the employee and coming home

Progressive leasing is very new to most markets, so it’s not surprising that the associate you worked with wasn’t 100% clear with how it all works. There is a $80 up front service charge for all Progressive leases that does NOT count toward the lease price of whatever you’re leasing. Obviously without having your screen in front of me, my best guess is that the $600 the App was showing you may be the $500 for the phone and $80 for that upfront charge you paid plus tax? But again, just a best guess. You can absolutely return the phone tomorrow though and get out of the lease if you’re not feeling comfortable with it. I would say a trip into the store to talk to someone in person may be worth your time. You can also contact Progressive directly obviously. Worst case you can return it and get out of the whole thing. Best of luck!

Hey guys, just an update for you all. I went to Best Buy and explained to them what happened. The manager was very nice once he was called to assist he understood where I was coming from he also explained it's a new program and hes very sorry that I got misinformed. We sorta had a small problem because after he did the return the $300 off I got from trading my phone in (s8 towards the s10e) was a 1 time thing only. He went and called someone on the phone and got me another coupon code and finished the return transaction and then I repurchased the same phone with a debit card. He told me as long as the purchase was under 5 days I would get the money back and the lease is cancelled. He gave me a receipt showing it was returned if I had any problems and he said the money should go back on the card that I did the down payment with. Everything is good to go phone is paid for $488 instead of the $670 in 90 days which is stupid and way cheaper than the $1,100+ if I paid it off in 12 months. Thanks to everyone who replied and gave me info I was very upset last night over losing a bunch of money over misinformation that's why I asked for help with this post. You guys helped me be relieved knowing that everything was gonna get fixed and I applaud you all for it 😀

reddit.com › r/cricketwireless › progressive leasing help

r/CricketWireless on Reddit: Progressive Leasing HELP

November 28, 2023 -

Stupidly applied for PL and got approved for $1600, got an iPhone 15 pro max at the cricket store and didn’t realize til I got home that I was going to pay $3.2k back for this phone. My payments are $135 bi weekly for 12months (haven’t called for 90 day option). Anybody have any experience with unpaid debt to this company? Constant calls? Debt settlements? Court?

Lady at cricket made it seem like I was only paying $1600 and rushed me out the door so I was completely blind sided. “Just click this, put your info here and check these boxes”

Update 01/05/24 Returning this phone immediately! 90 day option wasn’t much better of a deal so Verizon here I come! Thank you all for the input!

That's with added interest if you pay it off in 12 months. There is an option to pay it off within 90 days and pay a lot less in interest. You can call progressive leasing if you want to do that option. You're leasing the phone so you are able to return the phone any time you feel like not paying for it anymore, you just won't get any money back that you have given towards paying off the lease.

Their website says they allow you to return and cancel at any time. Are returns allowed? To return your item, contact Progressive Leasing customer service at (877) 898-1970. Progressive will evaluate the product to determine the proper course of action. The item could be returned through the retailer you select or sent directly to Progressive. 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. https://progleasing.com/frequently-asked-questions/#anchor33 They have an estimator as well. It looks like if you pay it off in 90 days you may have a fee around $160 total. https://www.progressivelp.com/myaccount/onboarding/estimator Personally there's no way in hell I would pay 10% of the purchase price in financing fees but if you have poor credit that may be what will work best for you. From playing with the estimator this service is wildly predatory... Going from 90 days (3 months) to 4 months bumps your fees up from $160 to over $1200 and it just gets higher from there.

reddit.com › r/biglots › progressive leasing

r/BigLots on Reddit: Progressive leasing

October 13, 2025 -

It’s back on Friday. Thoughts?

What could go wrong with old people trying to sign up for it on their cell phones?

From what I've heard, it's gonna be one hell of a headache to implement. We're not even gonna have laptops or tablets like in the old store, and from what I've seen from this company, it'll be damn near impossible to do anything without having to have a manager standing next to you for every step. This company has ZERO trust in its regular employees.

reddit.com › r/bestbuy › got this email a couple of times from progressive leasing, is it real?

r/Bestbuy on Reddit: Got this email a couple of times from progressive leasing, is it real?

October 21, 2023 -

I know they got in a f*ck ton of trouble recently and had to pay a bunch of people back, so idk if I'm getting this because of that, if it's a scam, or because quite honestly I faultered on my payments when my fiance lost their job security (they were told they could transfer stores and it fell through) and due to the late fees I've literally not been able to catch up.

I'm really hoping it's legit because honestly at this point it's the only way I'll be able to catch up and pay it off in time 🥲💔

If you signed up for Progressive Leasing you've already been scammed once. May as well double down lol (Seriously though, idk if that's legit or not)

This could be legit - it’s not necessarily unheard of for finance companies to offer a settlement value for payments that have been missed, as recovering something is better than nothing. Just make sure the email domain is legit and nothing looks sketchy, and perhaps call the main Progressive Leasing line if you’re skeptical.

reddit.com › r/bestbuyworkers › progressive leasing

r/BestBuyWorkers on Reddit: Progressive Leasing

February 11, 2025 -

Bro 140% interest is INSANE. Even more crazy is people STILL go forward with it for fun purchases.

Progressive leasing exists to prey on poor people and keep them poor. I don't mind the option existing but when managers actively push it on people who definitely can't afford to make the payments, that bothers me.

The 90 days same as cash works out but yeah the 12 month plan is highway robbery.

reddit.com › r/personalfinance › progressive leasing loan

r/personalfinance on Reddit: Progressive Leasing Loan

September 5, 2022 -

I did progressive leasing on a $2.1k pc. The total price over the course of 12 months is like $4.3k. My co-worker said he had a progressive leasing loan and he just closed his bank account and never paid. He said it didn't affect his credit and nothing happened. Has anyone ever done this? what was the amount? Did you get marks on your credit score?

I wouldn't close the account, they could report it. Can't imagine why they wouldn't, regardless of what your friend says. That is a ridiculous lease though, not sure how they work. Can you pay it off early? If so do you own the PC? If not, can you return it?

I did the same thing as your co worker did i stole owe it but i haven’t pay it yet i owe like 2.5k

reddit.com › r/bestbuy › eli5 how progressive leasing works and why it's so controversial, at least on this sub?

r/Bestbuy on Reddit: ELI5 how Progressive leasing works and why it's so controversial, at least on this sub?

January 11, 2020 -

Alright, so here's my situation: Yesterday my poor laptop of 4 years broke, so now I have to get a new one. Now, there was this nice 750 dollar laptop which I've been looking to get, but I don't have 750 at the moment. However, Best Buy offered to give me a progressive leasing option where I could pay the 750 in increment payments over 3 months (I live in California if that helps), so I chose that option. They told me that I wouldn't pay any interest if I pay the total cost within 3 months which I'm certain I can do, and I need a new laptop ASAP since I'm a college student. In addition, I have next to no credit score. So why is progressive leasing so controversial on this sub?

Tl;Dr: looking to buy a 750 dollar laptop throught the 3 month option for progressive leasing, which seems like I just pay in increments total to the cost of buying upfront (and I'm almost certain I can pay it off within the 3 months). So why is progressive leasing so controversial, and would it be good in my circumstances?

It's controversial because if you miss the 90 day early buyout, they're basically robbing you. You pay more than double the cash price and you have pretty much no way out of it. That's why progressive leasing is actually illegal in some stages.

(and I'm almost certain I can pay it off within the 3 months) That's going to be a gigantic factor. If you're not 100% positive you can, don't do it.

reddit.com › r/bestbuy › dear progressive lease people: we don't like you. at all.

r/Bestbuy on Reddit: Dear Progressive Lease people: we don't like you. At all.

January 29, 2022 -

You never have your shit in order.

You use one card to get the lease. Then you claim that card has no money on it when it's time to charge the lease.

You just waste our time with people that actually have money.

Pardon my language but fuck leasing, it’s the biggest scam I’ve ever seen

Here's how you solve this problem for yourself: refuse to sell leasing because its predatory and scummy, and does not even benefit your own performance metrics. Edit: and please stop using leasing if you're an employee lol It's such a horrible deal. It's much cheaper to put it on any credit card for 90 days when you include the fee

reddit.com › r/bestbuy › progressive leasing is so stupid

r/Bestbuy on Reddit: Progressive leasing is so stupid

January 15, 2018 - That's against SOP I'm sure but not the law. As a salesman no law requires me to present an option to every customer and I will never offer progressive leasing because I don't think it's a good option for literally anyone ever.

reddit.com › r/bestbuy › fuck progressive leasing

r/Bestbuy on Reddit: fuck progressive leasing

February 2, 2022 - Someone got denied for the card and had flat out told me he was living paycheck to paycheck and then saw the leasing and was like "So I can buy this gaming desktop with that?" and I told him it's a terrible financial decision, I'm supposed to encourage you to get it, but you'll end up paying close to double the price. More replies ... More like 3 times. I was just seeing if I could find something as good as Affirm was. I looked at what the contact would be for an Xbox X. The thing is $500 new. By the time I’d have finished paying Progressive it would have been almost $1500.

reddit.com › r/bestbuy › why is progressive leasing unavailable in mn, nj, vt, wi, wy, pr

r/Bestbuy on Reddit: Why is Progressive Leasing unavailable in MN, NJ, VT, WI, WY, PR

November 9, 2024 -

I hate getting customers on progressive leasing because it feels predatory. Much more than a credit card. Saw this and speculated why these states and PR don’t allow it.

Because they aren’t legal. It’s a very predatory practice.

If you need progressive leasing to buy a TV, you shouldn’t be purchasing a TV

reddit.com › r/bestbuy › progressive leasing, how to change to 90 days

r/Bestbuy on Reddit: Progressive Leasing, how to change to 90 days

October 11, 2023 -

I was aproved for P.L and was wondering if I could change it to the 90 days option through the app or is it only by calling ?

You don't change it. Once you have the full amount, you call in to pay it off. If you don't pay it off in 90 days, then you'll be paying more then the principal amount of the items

I keep hearing about how toxic progressive leasing is. The way I see it, I take out a lease amount, request to stop auto payments, and then when I’m ready, I call and inform them that I would like to settle my balance, at which point I end up paying $1-200 interest on my principle. I wish more people understood how these rackets can work for you as much as these guys make it work for them.