FTC Sends Checks Totaling More Than $172 Million to People Overcharged by Progressive Leasing
The FTC is mailing checks to two million people who paid for furniture, appliances, jewelry, cell phones, and other high-ticket items using rent-to-own plans provided by Progressive Leasing.
The FTC says that Progressive Leasing misled shoppers when the company advertised “no interest” payment plans and led people to believe they would pay “same as cash” prices for these items. According to the FTC, people paid more than the sticker price, and frequently paid twice the sticker price if they made all their scheduled payments.
Progressive Leasing markets rent-to-own payment plans in stores and online at more than 24,000 retail stores, including:
- Big Lots, Inc.
- Mattress Firm
- Cricket Wireless
- Conn’s Corporate
- Kay Jewelers
- Art Van Furniture
- Best Buy
- Zales Jewelers
If you get a check, please cash it within 90 days.
You can find answers to common questions about refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-877-625-9449.