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    Progressive



    To print forms for No Credit Check application please click below, print, fill the form and bring it to your closest Rana Furniture:

    No Credit Check Application in English

    Solicitud sin Verificación de Crédito en Español

    Bank Account Verification Form

    Frequently Asked Questions

    • Who is Progressive?
    With over 15 years of experience in difficult credit solutions, Progressive has developed a hybrid lease/purchase supplemental program that approves 9 out of 10 applications regardless of your credit history.
    • How can I be approved for No Credit Check Lease?
    Credit approvals are based on two factors:
    1. You must be employed for at least 6 months with a gross income of $1,000 a month; and
    2. You must have an open, active bank account established for at least 3 months with NO returned checks, overdraft fees, or NSF fees within the last 30 days.
    • What is the interest rate/payment?
    Since this is a lease/purchase program there is no interest rate. Lease payments are 15% of the amount leased per month.
    Example: $1,000 financed = $150/mos payment
    • How long is the lease agreement?
    All lease/purchase agreements are 12 months.
    • Are there any buyout options?
    Progressive offers early buyout options to customer who wish to own the merchandise outright before the 12 month term has expired. There are two buyout options:
    1. 90 Days Same As Cash - You pay only the leased amount and a $25 processing fee within 90 days of the delivery date.
    2. 65% Buyout Option - if you wish to own the merchandise outright after 90 days has elapsed, you may purchase it at 65% of the balance left on your account.
    For example: After six months, you wish to purchase your bedding outright and the balance on your agreement is $500 - the 65% buyout option will allow you to buy the merchandise for $325.
    • What documents are needed for the approval process?
    The following documents are required for approval:
    1. Completed application.
    2. Most recent pays tub that has at least 6 months of YTD wages:
    - between January 1st and June 30th you must bring in your YTD pays tub and last year's W-2.
    - between July 1 and December 31st you must bring in your YTD pays tub.
    3. Bank Statement from the last 30 days.
    4. Photo ID.
    5. Voided Personal Check - the account that will be used for payments.
    • What is the processing fee?
    There is a $40 + tax processing fee that will be collected after you have been approved.
    • Where do I send my payment?
    Payments will be automatically deducted from your banking account on every date that you are paid by your employer. If you are interested in exercising a buyout option you may contact Progressive at 1-877-898-1970.
    • Who should I contact if I have questions about my account?
    Progressive will contact you approximately 10 days after receipt of your merchandise regarding your account. However, if you need to contact them for any questions regarding your account they may be reached at 1-877-898-1970.
    • How do I update my mailing address and/or phone number?
    You can change your address or telephone number by contacting Progressive at 1-877-898-1970.