Big Lots advertises its lease-to-own financing programme as a way for people who may not qualify for other types of financing to get money without having their credit checked. Most Big Lots stores that sell furniture offer this financing programme.
Big Lots offers two ways to get credit, both of which are financed by Progressive Leasing. The applicant’s job and income will determine if they are approved and how much credit they can get. Finance contracts for qualified purchases are for 12 months, with a 90-day payment option and discounts for buying out early after 90 days. If the customer pays for the whole purchase within 90 days, there is a 10 percent finance charge but no interest. Customers can apply online to see if they are eligible for the programme.