For customers that prefer no credit check financing, Mattress Discounters offers 90 Day Same as Cash E-Z Pay Financing. If approved, simply bring your approved application number and a photo identification to the Mattress Discounters Store nearest you. Applying online will save you time and allow you to shop for your new bed knowing your approved credit limit. Call or Visit a Mattress Discounters Store for complete details.
To Apply now, click the link below.
At Mattress Discounters, The Difference is the Discount!
Q1 - Who is Progressive Finance?
Q2 - How can I be approved for No Credit Check Financing?
Q3 - What is the interest rate/payment?
Q4 - How long is the lease agreement?
Q5 - Are there any buyout options?
Q6 - What documents are needed for the approval process?
Q7 - What is the processing fee?
Q8 - Am I able to make payments at the Store?
Q9 - Who should I contact if I have questions about my account?
Q10- How do I update my mailing address and/or phone number?
Q1-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.
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Q2 - How can I be approved for No Credit Check Financing?
Credit approvals are based on two factors:
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You must be employed for at least 6 months with a gross income of $1,000 a month; and
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You must have an open, active bank account established for at least 3 months with NO returned checks or NSF fees within the last 30 days.
Q3 - What is the interest rate/payment?
Since this is a lease/purchase program- there is no interest rate. Lease payments are 15% of the invoice per month. Example: $1,000 invoice = $150/mo payment.
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Q4 - How long is the lease agreement?
All lease/purchase agreements are 12 months.
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Q5 - Are there any buyout options?
Progressive Finance offers early buyout options to customers who wish to wown the merchandise outright before the 12 month term is up. There are two buyout options:
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90 Days same as cash-You pay only the invoice amount and a $40 processing fee within 90 days of the delivery date.
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65% buyout option-If you wish to own the merchandise outright after 90 days, 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.
Q6 - What documents are needed for the approval process?
The following documents are required for an approval:
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Application (you can either download or apply on line).
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Most recent paystub
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Bank Statement from the last 30 days
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Photo ID
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Year to Date Pay Stub
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Voided Personal Check
Q7 - What is the processing fee?
There is a $40 collection fee that will be collected after you have been approved.
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Q8 - Am I able to make payments at the Store?
Since the financing is handled through Progressive Financing, payments will be submitted to Progressive Financing through Debit Authorization and not Mattress Discounters.
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Q9 - Who should I contact if I have questions about my account?
Progressive Financing will contact you 10 days after receipt of your product regarding your account.
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Q10 - How do I update my mailing address and/or phone number?
You can change your address or telephone number by email to mdhelp@mattressdiscounters.com.
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