Progressive: No Credit Needed There’s no need for credit cards with our easy No Credit Needed lease-purchase plan. Apply online now and find out INSTANTLY if you're approved! Here’s all you need to apply: 1) An active and open checking account 2) A source of income 3) A credit or debit card to make the initial payment 4)18 years of age or older to apply If approved, a highly trained Bedding Consultant will contact you within minutes* to help you complete your order. Get approved and enjoy great benefits: Call 1-800-327-7720 or with an agent for more information. Lease-purchase plan not available in WI, MN, VT & NJ *If application submitted between 7am-midnight ET*0% APR for 24, 36, 48, or 60 months with Equal Payments: Minimum purchase amount is required as follows: $2,000 on the 24 month promotion; $2,900 on the 36 month promotion; $3,500 on the 48 & 60 month promotion. The monthly payment is calculated by dividing the purchase amount by the number of months in the offer and will pay off the balance if all payments are made on time.
Other transactions, including fees and other charges, may affect your overall monthly payment amount. Minimum interest charge is $2. Purchases that do not qualify for this limited time offer may be subject to the standard Purchase APR, currently 28.99% for new accounts and 28.99% - 29.99% for existing accounts. This offer may not be combined with other special financing offers. Prior purchases excluded and account must be in good standing. Alternate finance plans may be available. Offer subject to credit approval on a Renovate credit card account. Ask for more information. **No Interest if paid in full within 12 Months: Interest will be charged to your account from the purchase date if the purchase balance is not paid in full by the end of the promotional period. The current APR for purchases is 28.99%. Minimum purchase requirement of $750 Minimum purchase amount of $750 is required to qualify for this promotional offer. No interest will be assessed if you make on-time payments and pay off the balance before the promotional period ends.
If you do not pay the balance in full by the expiration date, interest will be assessed from the purchase date at the standard APR, currently 28.99% for new accounts and 28.99% - 29.99% for existing accounts. Making only minimum payments will not pay off the balance in time and larger payments will be necessary. The standard APR also applies to transactions that do not qualify for this offer. Offer may not be combined with other special financing offers. Snap Finance and Mattress1One are proud to offer you an easy financing solution with NO CREDIT NEEDED, which includes our 100 Day Easy Payoff option. If you are 18 years or older, with a steady source of income, and a checking account, you can apply today! Once you are approved a $59.00 processing fee will be applied to your completed purchase. Genesis and Mattress1One are proud to offer you up to 12 Months of 0% Interest with approved credit, During the Promotional Period equal payments are required by dividing the purchase amount by the promotional period.
The promotional period will start on the date of purchase. Interest will not accrue during the promotional period. If the purchase amount, plus any applicable fees or charges is not paid in full by the end of the promotional period, interest will be charged at the APR for purchases on any remaining balances until paid in full. The current APR for purchases is variable 28.99%.Begining of main content Open A Rooms To Go Account With a Rooms To Go account, you will be able to take advantage of exclusive financing offers in your area. Click below to fillout our online application. Please note that online finance offers may be different from advertised credit promotions available in showrooms. Manage Your Existing Rooms To Go Account If you already have a Rooms To Go account and would like to access it, please enter the first six digits of your account number below. Logging in allows you to: Check your available balance. First Six Digits of Your Account Number
Your session is about to expire due to inactivity. To continue working, please click the button below. 6O MONTHS INTEREST FREE Financing*"This isn't a 0% loan until the end of the promotional period," says Lauren Bowne, staff attorney for Consumers Union. "The interest is actually accruing, and the bank is just waiving the interest payments."How the plans work: If you pay the entire loan within a set period of time, the interest is forgiven. Under federal law, that deferment period has to be at least 6 months, says Wu.If the balance isn't paid within the deferment period, the interest that's been accumulating is added "in a lump sum" to your balance, says Bowne. Going forward, you pay interest at the preset rate.That can become a huge problem, as the interest rate on deferred-interest credit cards "is generally around 25%," according to the CPFB.What's more, fewer consumers are paying these loans off during the promotional period, the CPFB found. For 6- and 12-month offers accepted in 2013, cardholders paid off about 75% on time, down from nearly 80% for similar offers originated in 2010.Consumers with poor credit scores fared worse: Less than half paid their balance off before the end of the promotional period.
Smart move: If you're not sure you can pay off a deferred-interest balance on time, calculate how much it would cost you to finance your purchase using a credit card you already own to learn if that would be a better option.Many times, that available line of credit on your new card is equal to the total you're purchasing, Bowne says.So, in essence, "you're opening up a maxed-out credit card, which doesn't look good on your credit report," she says.It can also damage your credit score.Here's why: One of the key factors that helps determine your credit score is the difference between how much credit has been extended to you versus how much credit you're using. In general, the more of your available credit you use, the lower your score will be.FREE TOOL: Check your credit score free today with myBankrate.To find out how a 0% financing offer would affect your credit, ask the issuer if it will report the account to credit bureaus as a close-ended loan for a set period or a revolving account.
Maxing out a revolving loan will have a bigger impact.When you get the answer, consider your own situation. If you're planning a major purchase in the next year, such as a home or car, it might be cheaper to skip opening a new account, pay cash and preserve your credit score.When it comes to future payoff plans, "everyone has the best of intentions," says Wu.Bowne agrees. "What we've seen over the past few years is that people have every intention and ability to pay off the loan," she says. Then "unexpected things occur, and suddenly they can't make that payment every month."So weigh the odds. Do you have the money to pay off the purchase in cash now? Can you set it aside, just in case? Is the purchase a want or need? Do you have other payment options?Always ask about alternatives, says Wu. Those alternatives include a low-interest credit card or a small personal loan, which may offer interest rates significantly cheaper than what you'd pay if you missed the deadline for eliminating deferred-interest balance.
You don't want to use it for hospital bills," Wu says. Interest-free medical financing can carry high interest rates when the deferred-interest period expires, and many hospitals offer more reasonable payment plans and other options. And in a few states, alternate payment options are required for eligible patients, she says.Sometimes, credit cards will allow you to carry 2 balances -- one for the purchases on which you have the deferred-interest arrangement, and one for purchases you make later.What you might not know: Credit card issuers are required, unless you state otherwise, to put anything above the minimum toward the balance without the deferred-interest arrangement, says Wu. The only exception: During the last 2 months of the deferred-interest period, card issuers have to direct anything above your minimum to the deferred-interest balance, she says.You only have a set amount of time to pay off your deferred-interest balance. If your payments are going toward the other balance, you're not making any headway.
The CPFB found that even consumers with good credit scores who carry multiple balances pay off their deferred-interest balance on schedule just 63% of the time.One solution: Don't run 2 balances when making use of 0% financing. Until you pay off the deferred-interest balance, don't add to the confusion (and debt) by making more charges. Use a different payment method for new purchases.Hailley Howard / EyeEm/Getty ImagesLeave any of the balance unpaid, and you owe the interest that's accumulated over the last year, not just interest on your current balance, says Bourke. That often surprises consumers, he says.Additionally, if you make a payment 60 days late, you forfeit your deferment period and 0% financing. The new APR could be a penalty rate that's higher than the regular rate that would have kicked in once the deferment period ended, says Wu.Another point that confuses some consumers: The final payment due date. Your billing cycle may not coincide with the end of your deferment period.