Financing

Apply Online with Progressive

Mattresses Unlimited offers financing through Progressive Finance. Progressive’s No Credit Check program provides an alternative option to financing so customers are not at the mercy of traditional lenders who rely solely on credit scores.

Pre-Qualifying Questions and Requirements
There are three key things that we look at when qualifying customers: employment, income, and bank account activity. Here are some questions to consider for qualification.

Employment and Income
1. Have you been employed by the same employer for at least six months?
2. Do you earn at least $1,000 per month and deposit at least $500 per month into your checking account?

Checking Account History
3. Has your checking account been open and active for three months?
4. Does your checking account have any NSFs or excessive overdrafts in the last 30 days?

The application process typically takes about 30 minutes to an hour to complete. Our friendly staff will help each customer apply online. Some additional forms may need to be submitted electronically.

Frequently Asked Questions:

1. What is the interest rate? How is the monthly payment figured?
   There is no interest rate. Lease payments are 15% of the invoice amount per month.
   Example: $1,000 invoice = $150/mo payment
    
2. How do I make payments?
   Payments are automatically withdrawn from the customer’s account on their paydays.
    
3. What if I don't have a checking account?
   Customers must have a checking account and provide a voided check. If they do not have checks, they can fill out the Bank Verification Form and ask their bank to stamp it to verify the information.
    
4. How long is the lease agreement for?
   All lease/purchase agreements are for 12 months unless the customer wishes to pay off early.
    
5. What are the buyout options?
   We offer early buyout options to customers who wish to own the merchandise outright before the 12 month term is completed. They have two options:
   • 90 Days Same as Cash: The customer pays only the invoice amount and $40 processing fee within 90 days of the delivery date.
   • 65% Buyout Option: If the customer wishes to own the merchandise outright after 90 days, they may purchase it at 65% of the remaining balance on their lease.
    
6. Can I return the merchandise?
   The customer may return the merchandise to Progressive Finance at any time, not to the store.

The minimum amount that Progressive will finance is $300.00 and the maximum amount is $2,000. However, Progressive Finance will cover up to 10% more than the approval amount for taxes and delivery ONLY.

Apply Online with Progressive