What credit score do you need for progressive leasing?
Asked by: Dr. Addison Huel DDS | Last update: February 21, 2025Score: 4.4/5 (12 votes)
Is it hard to get approved for Progressive Leasing?
We do check credit bureau reports; however, we look at many other data points to make a final decision, and we regularly approve customers with less than perfect credit or very little credit history. Progressive Leasing obtains information from credit bureaus. Not all applicants are approved.
Is Progressive Leasing based on credit score?
NO CREDIT NEEDED
Progressive Leasing bases it's approval decision on more than just a credit score. Even if you don't have credit, you can still apply!
What do you need to qualify for Progressive Leasing?
- Proof that you are at least 18 years old.
- A valid Social Security Number or ITIN.
- Routing and account numbers for an open and active checking account.
- A credit or debit card.
Is Progressive Leasing a hard or soft pull?
Progressive Leasing will only make soft inquiries to the Big Three Credit Bureaus (Transunion, Experian & Equifax). Other secondary bureaus, however, do not offer this option, and inquiries to those bureaus (none of which prepare FICO scores) may be considered hard inquiries.
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Who is better than Progressive Leasing?
Top Competitors and Alternatives of Progressive Leasing
The top three of Progressive Leasing's competitors in the Loan Servicing category are Plaid with 97.44%, ChargeAfter with 0.91%, American First Finance with 0.79% market share.
Does Progressive do a credit pull?
Does Progressive check credit history when my policy renews? In states where it is allowed or required by law, we periodically review policies, including credit history.
What if I can't afford Progressive Leasing?
If you find yourself unable to continue with your lease-to-own agreement, please feel free to call Customer Service to discuss your options at (877) 898-1970. You can cancel your lease at any time.
Does Progressive Leasing have 90 days the same as cash?
You can buy out your lease-to-own agreement within the first 90-days*. This amount includes the cash price, plus the lease-to-own cost for the first 90-days*. Taking advantage of the 90-day purchase option* will save you the most money!
How much does Progressive Leasing pay?
The average Progressive Leasing salary ranges from approximately $51,914 per year for Field Manager to $160,000 per year for Software Architect. Average Progressive Leasing hourly pay ranges from approximately $13.42 per hour for Leasing Agent to $21.81 per hour for Collection Representative.
What is the ideal credit score to lease?
A credit score of 700 or above can get good car lease offers. Lenders also consider income and other factors.
What items are excluded from Progressive Leasing?
Progressive Leasing will not allow certain kinds of items to be included on the lease-to-own agreement. Examples: items that are prohibited from lease-to-own by law, items permanently attached to a home or vehicle, consumable or intangible items, and items that create an excessive risk defined by Progressive Leasing.
What credit score do you need for lease financing?
A score between 620 and 679 is near ideal and a score between 680 and 739 is considered ideal by most automotive dealerships. If you have a score above 680, you are likely to receive appealing lease offers. However, if your score is below 660, you still have a 22 percent chance of earning acceptance.
Does Progressive Leasing check your credit score?
Our underwriting process allows us to consider everyone with less-than-perfect credit. We look at many other data points including income and banking history and regularly approve people with less than perfect credit or very little credit history. *Progressive Leasing obtains information from credit bureaus.
Can I have 3 progressive leases?
Make the most of your approval when shopping with Progressive Leasing! Click here to apply. You can also have up to two open lease-to-own agreements at a time.
How do payments work with Progressive Leasing?
As a Progressive Leasing customer, you can pay automatically or make one-time payments. Let's dive in. Payments will be automatically deducted from your bank account or debit/credit card. Your scheduled payment frequency will default to the payday frequency you specified on your application.
Does Progressive Leasing check your bank account?
Our decisioning process allows us to consider everyone with less-than-perfect credit and we regularly approve those with imperfect credit or very little credit history. Your bank information may be used in this evaluation, as well as other data points including income and banking history.
Does Progressive Leasing do a hard pull?
A. Progressive Leasing will only make soft inquiries to the big three Credit Bureaus (Transunion, Experian & Equifax). Other secondary bureaus, however, do not offer a soft inquiry option.
What are the alternatives to Progressive Leasing?
Progressive Leasing's competitors and similar companies include Snap Finance, Balboa Capital, Tunisie Leasing & Factoring and Liberty Leasing.
Can you get denied for Progressive Leasing?
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.
Is everyone approved for Progressive Leasing?
P rogressive Leasing is No Credit Needed
Our decisioning process allows us to consider more than just credit reports and credit scores. We regularly approve people with less than perfect credit or very little credit history. However, not all applicants are approved.
What can I do if I can't afford my lease?
Contact your lessor as soon as possible.
The dealership or company you leased your vehicle through – your lessor – may be willing to work with you on an affordable payment plan, especially if you have made timely payments in the past. If you do reach an agreement, get it in writing in case you need to dispute it later.
Can I pay off Progressive Leasing early?
Yes. You can take advantage of our 90-day purchase option or choose to pay off your lease any time before 12 months for a discounted cost of leasing. (Early purchase options cost more than the retailer's cash price.) To purchase early call 1-877-898-1970.
Does Progressive make you pay upfront?
We give you the option of paying monthly or in full, whichever fits your budget best. However, you'll earn a nice discount if you pay for your six-month policy up front.
Does Progressive build credit?
If you subscribe to a streaming service, delivery app, or over 100 other subscription services, you can easily boost your credit score with Progressive Credit Builder by Grow Credit.