Progressive Finance

Progressive Finance - No Credit Needed

Thank you for choosing Metro Mattress. For customers that prefer No Credit Needed Financing, Metro Mattress offers a 90 Day payment option. If approved simply bring your approved application number and photo identification to the Metro Mattress location nearest you. Call or visit a Metro Mattress store location for complete details.

To Apply now, click here »

Frequently Asked Questions

Who is Progressive Finance?

With over 15 years of experience in difficult credit solutions, Progressive Finance 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 Needed Financing?

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 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 financed 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 Finance 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 Day Payment Option - You pay only the financed amount and a $25 inital payment within 90 days of the delivery date.
  2. 53% Buyout Option - if you wish to own the merchandise outright after 90 days has elapsed, you may purchase it at 53% 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 53% buyout option will allow you to buy the merchandise for $265.

What documents are needed for the approval process?

The following documents are required for approval:

  1. Completed application (click here to apply online)
  2. Most recent paystub that has at least 6 months of YTD wages
    - between January 1st and June 30th you must bring in your YTD paystub and last year's W-2
    - between July 1 and December 31st you must bring in your YTD paystub
  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 $25 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 Finance at 1-877-898-1970.

Who should I contact if I have questions about my account?

Progressive Finance 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 Finance at 1-877-898-1970.

The Metro Mattress Difference

Metro Mattress offers a wide array of Financing Options for Qualified Buyers.  And we now offer a No Credit Needed financing option for those customers with a complicated credit history.