Progressive Finance Holdings

Big Lots told me that the interest would be minimal and that there would be zero interest as long as I payed off my debt for a couch in 90 days. The progressive finance company will purposely set you up to make payment throughout the course of a year instead of the 90 day period, hoping for you to default and set you up for the BANG w/ no lube.

I made an initial deposit of 300 dollars and made steady payments (which they led me to believe were to cover me for the 90 day period) so I would not acrue interest. I even spoke with a Progressive agent 2 weeks before the 90 day period was up and he was totally dismissive and misleading. He did not mention that I was on the Brink of an 80 percent markup. I know owe more than a thousand dollars on top of the one sofa I purchased which was listed for 800, now is costing me $2000 They are misleading unhelpful and screwed me!

Shame on Big Lots and Progressive Finance for their misleading behavior.

This will surely put me in debt and I begged for them to help me but they won't Their plan worked perfectly and I urge everyone to use caution. This is corporate robbery!!!!

I had an excellent experience with Progressive Finance. Another comment sounds like a retailer stuck them with their own finance fees.

I was stuck out of town with 3 flat tires from a spill on the interstate and not enough cash on me to pay for them. I didn't have my credit card and couldn't withdraw 2500 bucks out of an ATM without calling my bank first. I decided to buy new rims as well. All charges and finance fees were open and discussed with the retailer.

It wasn't 80% it was 6%. I paid it the next day and was charged 0 interest.

I went to the mall with $200 to buy the hubby a necklace that cost $550...(isn't that what we all do..lol) Anyways...happen to find a jewelry store offering 90days same as cash..and no credit check...because I never qualify for credit...well at the time. I applied got approved for $1200 and asked the guy 101 questions that he could not answer AT ALL...So because I had almost half the money I still went ahead with the finance...and only then after I said yes, and he printed out the lease did I get my questions answered.

So my point there, is that not everyone relies on what the sales man decides to tell them. I asked questions, but because he had no information on the details he could not answer them. But I was prepared for some craziness. So I saw the insane interest rate, and pretty much shrugged my shoulders and signed away...but not before adding a matching necklace making my purchase closer to $900.

Because when it is something like that...you either take it or leave it...don't complain...just make sure you pay off in the 90 days. Exactly what I did. And I plan on going back this week to get a ring for the hubby. And I plan of paying it off in 90 days so I do not pay the insane interest.

This company offers payday loans in some states, so this can tell you what type of lender they really are. HIGH INTEREST. My only complaint was that they kept calling me saying that I missed a payment, when I actually didn't I just moved my payment date. So On the third call for the same thing...I just told them schedule a payment to come out of my account for the entire balance...the lady was shocked...and I never had to deal with them again.

No biggy, but I will add that you technically can get 95 days same as cash.

If you come up on your 90 days you can ask that they extend the 90 days for an additional 5 days so that you can still take advantage of the deal. Good Luck happy shopping!

I was also told that they report to all the major credit bureaus and that the place that. I received my purchases did not report, and they have a bunch of nice and decent sales representatives.

Now after reading the newspaper, and hearing from a lot of disgruntled customers, I am not really sure what to think about Progressive Financial. And I would like to think that I am not this gullible.

Your company has a lot of customers, so I don't think it could all be that bad. I would, however, like for someone to go over this with me and be COMPLETELY HONEST and not just trying to make a sale.

Hi watch out for this company, if that's what you want to call it. What ever you do never use your girlfriends, or your boyfriends credit card to make a payment.

Once they have the credit card number your screwed. Even if the card name doesn't match the name on the account with progressive *** they will still use the card to make payments. I want to say thats fraud, but they say its legal?

So if you find a credit card on the side walk use it for a payment and never make another one and that card will make it for you and progressive will send you a thank-you email saying they used it for payment. All I say is they are ***.

Progressive finance set up payment schedule when I made a purchase and every month I get a call stating I am 1 month behind!!! This company is aweful because they screwed up and I'm paying for it!!!!

Everytime you talk to someone about the issue, you get a different story and are told that they will fix it any the problem never gets fixed!!!!!! These calls are nothing but HARRASSMENT!!!!!!!!!

I warn everyone .....

Don't do business with this company!!!!!!! They need to be shut down!!!!!!!!

I need a new mattress, so I go online to Mattress Giant and apply for their no credit check financing (b/c I didn't qualify for the regular financing). The finance company (Progressive Finance) approves me for up to $1100.00, needless to say I was happy. I went to the store and looked at the selection and decided on a mattress/box that was $899.00, after they added taxes and delivery came out to $1050.00

The salesman was telling me about how the financing works, the terms (90 days same as cash, 12 mo. with a "little bit of interest" or if I pay it off after 90 days but before the year it is 65% of the interest owed. He told me I would probably be looking at around $120 a month in payments but we wouldn't know for sure until they got the agreement back from Progressive financial and since it was Sunday that would probably be the next day.

Monday afternoon when I go to the store to sign the agreement boy was I shocked! That bed that I am paying 1050.00 for ended up costing me $880 in finance fees! Yes, you read that right! An over 80% mark up! Now, I know I don't have the best credit and the negative that is on it is from several years ago but if you look at the current activity you see that I have a car note that I have been paying on for 3 years (which I am getting raped on too) and have never been late or missed a payment so I just don't understand the 84% mark up.

I'm sure the only way they are getting away with this is b/c it turns out it is a lease to own agreement (kinda like a rent a center) with a purchase option and since they know that ppl like me who made some *** mistakes when they were younger are between a rock and hard place and have to take what they can get but that is really a bit much.

The finance company is suppose to call today or tomorrow to work out which terms I want and what day of the week I want the payments to come out and I plan to ask them if the 90 day terms will still report to my credit and if so I guess I will just have to suck it up and pay the over $300/ mo (more than my car payment) to avoid the asinine interest charges.

Shame, Shame on you Mattress Giant for associating with this kind of tactic and to Progressive Financial for the *** pounding you just gave me!

i went and got a sound system installed in my car and they said it would be $1400 so cool i get it installed and i go home and decide to check online and it says i owe them $2500???? wtf where did the other $1100 come from???

last time i use that company again!! and i try to call them and can't even get a hold of them that is some shady business that they have going on this is just RIDICULOUS!!!

and i check my "contracts" that i supposedly signed and its funny because not ONE of them is MY actual signature HA HA HA!!! THIEFS!!!

AFTER MAKING A PURCHASE FOR A SET OF RIMS, THE STORE USED PROGRESSIVE FINANCE TO FINANCE THE LOAN. THIS IS WHICH WAS MY SECOND PURCHASE USING PROGRESSIVE FINANCE.

KEEP IN MIND THAT THE FIRST FINANCE LOAN WAS OKAY. SEEMS LIKE AFTER THE FIRST TRANSACTION, THEY START TREATING THE CUSTOMER LIKE *** USUALLY AFTER AN APPROVAL, THE PERSON HAS TO CALL IN TO CONFIRM THE TERMS (MONTHS, PAYMENT OPTIONS, ETC.) WHY WOULD THIS COMPANY CLAIM THAT THEIR CALLS WOULD BE RECORDED BUT THEY CANNOT FIND ANY CALLS REGARDING MY TERMS!?!? THIS IS RIDICULOUS! ALL I GET FROM THE CUSTOMER SERVICE IS "SORRY BUT WE ARE BOUND BY THE TERMS OF THE LEASE/LOAN" x4 OVER AND OVER AND OVER!!

THOSE CUSTOMER SERVICE REPS ARE LIKE ROBOTS AND THEIR ONLY FUCNTION IS ONLY TO GO IN CIRCLES! I PAID OFF THE LOAN THE SAME SAY THAT I FOUND OUT WHAT WENT WRONG AND ENDED UP PAYING $300 FINANCE CHARGE FOR A $600 LOAN. *** NEVER WILL I EVER USE THIS RETARDED COMPANY AGAIN.

OUT OF SIGHT, OUT OF MIND. THIS COMPANY NEEDS TO JUST RUN OUT OF BUSINESS!

I applied for a loan on their website. After filling out the questionaire, they said that they could help me at this time, but gave a list of lenders.

I decided not to contact any of the lenders, but begin to receive numerous email stating that I am approved. I am furious about having my personal information just handed to any and everyone. The next day the call started coming, back to back, all day and over into late evenings.

PLEASE do not do apply for a loan from them. Now I have to change all my personal information at my own expense.

Just woke up this morning and checked my bank account to find it negative 100$. I had 15$ in my account to cover my netflix and apparently progressive decided that i was going to get my account debited weekly instead of bi-weekly like my contract said.

They debited my account 30$ which caused me to have an overdraft fee. An hour later, netflix tried to debit my account for 7$ (which i originally had in the account) but I was now in the negative so I was charged a second overdraft fee. When I talked to my bank they told me that if progressive would refund my payment to them than the bank would refund my overdraft fees.

When I finally got through to progressive they started to tell me that I signed a contract for them to take weekly payments out (which I didn't.) Now I have to come up with 100$ to get my account out of the negative. I am extremely pissed off and will never use them again