“No Credit Needed” Financing


To qualify for No Credit Needed Financing, you must satisfy the following requirements:

  • Must be employed by the same company for at least SIX months.
  • Earn $1,000 a month and deposit at least $500 a month into your checking account.
  • Must have a checking account that has been open for at least THREE months.
  • No NSFs and no more than 5 protected overdrafts in the last 30 days.

Jerome's offers an easy way to get the financing you need regardless of your credit history. Simply follow the steps below.

Application and Approval Process

First, see if you qualify, then complete the Online Credit Application.

Next, collect the items listed below to verify the information given on the application.

  1. Verify income requirements of $1,000 a month for at least 6 months, with a:
    • Paystub showing 6 months of employment; or
    • Social Security or Disability Benefit Letter; or
    • Letter from employer with hourly wage and YTD on company letterhead.
    • If self employed, provide a 1099 and 30 day bank statement or a business license and 3 months of bank statement
  2. Verify checking account requirements with a 30 day bank statement that shows:
    • No NSFs and no more than 5 protected overdrafts;
    • Account open for 3 months;
    • $500 in deposits;
    • Does not end with a negative balance.
  3. A voided check (or a Bank Account Verification Form)
  4. A photo ID

Finally, bring these materials to any of our Jerome's showroom locations.

Frequently Asked Questions

Q: What is the interest for this program?

A: This program has no interest because it is a lease-purchase contract.  If you pay your balance off within 90 days, all you pay is the invoice price and the $50 Processing fee.  If you take more than the first 90 days to pay off the purchase, then you will pay 1.8 times the invoice total over 12 equal payments.  (Example: on a $1,000 invoice, you will pay the $50 processing fee and 12 monthly payments of $150; a total of $1,850)

Q: Will Progressive check my credit report?

A: No, progressive will verify information from your most recent 30-day bank statement and pay stub.

Q: How long do you have to be employed to qualify?

A: At least six months with the same employer.  The pay stub must show this and you may need a December pay stub from the previous year or a W2 to show six full months of employment.

Q: How long will my account be active?

A: An approved account and contract are good for 31 days.  If an invoice takes more than 31 days to deliver, then contact the store for an extension.  If the extension cannot be given or the delivery takes longer, you will need to reapply.

Q: What happens if the order is not in stock (special order)?

A: This program is still available; wait until the merchandise is in stock and you are ready to schedule delivery/pickup before applying.  If you are not approved, the special order deposit will not be refunded.

Q: Where do I mail my payment?  Can I pay online or by phone?

A: Monthly payments will be debited out of you checking account by ACH every month on the same date the contract is signed, not the delivery date.  Call Progressive to process a telephone payment at 877-898-1970.

Q: What happens if there are damages or service on my delivery?

A: Contact Jerome’s Furniture Service Department; even-exchanges will not require paperwork to be sent to the finance company.  On reselections, you will be responsible for any overages and all refunds will be issued to Progressive.