progressive finance2 .pdf
Original filename: progressive finance2.pdf
Author: Computer - 3
This PDF 1.5 document has been generated by Microsoft® Word 2010, and has been sent on pdf-archive.com on 21/03/2013 at 04:04, from IP address 54.235.x.x.
The current document download page has been viewed 688 times.
File size: 183 KB (2 pages).
Privacy: public file
Download original PDF file
How to Become an Agent for Progressive Insurance
To apply, you must meet the minimum qualifications and be licensed in your state of residence.
Contact the Department of Insurance to confirm that your license is in good standing.
Visit the progressive finance website to apply online. Click the "Apply" tab and follow the
instructions. To begin, confirm eligibility and complete the online questionnaire (allow 10
minutes to complete the questionnaire).
Have your Errors & Omissions (E & O) policy ($300,000 minimum aggregate is required) and
agency production report information ready. Contact the licensing department at (877) 7762436 and follow the prompts, choosing option 3, then option 2, to speak with a licensing
Submit to a fingerprint and background check.
Provide a business location (this cannot be a home address) and show proof of Internet service.
Progressive Finance - No Credit Check
Thank you for choosing Metro Mattress. For customers that prefer No Credit Check financing,
Metro Mattress offers 90 Day Same as Cash E-Z Pay Financing. 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 Check Financing?
Credit approvals are based on two factors:
You must be employed for at least 6 months with a gross income of $1,000 a month;
You must have an open, active bank account established for at least 3 months with NO
returned checks, overdraft fees, or NSF fees 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:
90 Days Same As Cash - You pay only the financed amount and a $25 processing fee
within 90 days of the delivery date.
65% Buyout Option - if you wish to own the merchandise outright after 90 days has
elapsed, 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.
What documents are needed for the approval process?
The following documents are required for approval:
Completed application (click here to apply online)
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
Bank Statement from the last 30 days
Voided Personal Check - the account that will be used for payments