What Happens If You Don’t Pay Progressive Leasing

Progressive Leasing is a popular option for individuals who want to lease products like furniture, appliances, or electronics without the need for a traditional credit check. While it provides a convenient way to acquire items, it’s essential to understand the consequences of not paying your Progressive Leasing payments. In this article, we’ll delve into what happens when you miss payments, the potential impact on your credit, and how to navigate this situation.


Progressive Leasing has become a popular choice for individuals who need household items but may not have access to traditional financing options. However, missing payments on your Progressive Leasing agreement can lead to various consequences, and it’s crucial to be aware of them.

Understanding Progressive Leasing

Progressive Leasing offers a lease-to-own model that allows you to acquire items by making regular lease payments. Unlike traditional financing, Progressive Leasing does not require a credit check, making it accessible to a broader range of consumers.

Consequences of Missed Payments

3.1 Late Fees

When you miss a payment with Progressive Leasing, you may incur late fees. These fees can add to the overall cost of the leased item, making it more expensive in the long run.

3.2 Termination of Agreement

Continuously missing payments can lead to the termination of your Progressive Leasing agreement. This means you may lose the items you’ve been leasing, and you won’t receive a refund for the payments you’ve made.

3.3 Impact on Your Credit

While Progressive Leasing doesn’t require a credit check to start an agreement, it’s essential to note that missed payments can still impact your credit. If your account is sent to collections, it could be reported to credit bureaus, potentially lowering your credit score.

What to Do If You Can’t Make Payments

If you find yourself in a situation where you can’t make your Progressive Leasing payments, consider the following steps:

  1. Contact Progressive Leasing: Reach out to Progressive Leasing as soon as possible to explain your situation. They may offer options or temporary solutions to help you catch up on payments.
  2. Review Your Budget: Evaluate your budget to see if there are areas where you can make adjustments to free up funds for lease payments.
  3. Explore Alternatives: Consider whether there are alternative financing options or assistance programs available to help you acquire essential items.

Dealing with Progressive Leasing Collections

If your account is sent to collections, it’s crucial to address the situation promptly:

  1. Communicate Open communication with the collections agency. Explain your circumstances and explore options for repayment.
  2. Negotiate: You may be able to negotiate a payment plan that works for your financial situation. Be sure to get any agreements in writing.
  3. Monitor Your Credit: Keep an eye on your credit report to ensure that any negative information is accurate. If there are errors, dispute them with the credit bureau.


Missing payments on a Progressive Leasing agreement can have financial consequences, including late fees and the potential loss of leased items. It’s essential to communicate with Progressive Leasing if you’re facing difficulties and explore alternatives to meet your financial obligations.

Before entering into a Progressive Leasing agreement, carefully consider your budget and ability to make payments to ensure a smooth and successful leasing experience.


7.1 Can I return items to Progressive Leasing if I can’t make payments?

Progressive Leasing typically does not offer a return option if you can’t make payments. It’s crucial to communicate with them to explore potential solutions.

7.2 Will missed payments on Progressive Leasing affect my credit score?

Yes, missed payments on Progressive Leasing can potentially impact your credit score if your account is sent to collections and reported to credit bureaus.

7.3 Are there alternatives to Progressive Leasing for acquiring items?

Yes, there are alternatives, including traditional financing, layaway programs, and assistance programs for individuals with limited credit.

7.4 What should I do if I’ve missed multiple payments?

If you’ve missed multiple payments, contact Progressive Leasing immediately to discuss your situation and explore options for catching up on payments.

7.5 Can I negotiate payment terms with Progressive Leasing?

You may be able to negotiate payment terms with Progressive Leasing if you’re facing financial challenges. It’s advisable to reach out to them and discuss your circumstances.

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