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Overstock Business Lease Account Approved

Creditaddict
Legendary Contributor

Overstock Business Lease Account Approved

Didn't go through instantly and received an email to call in during business hours.

They asked to verify bank by logging in kind of like a loan check.

Then I had to verify signer on the bank account.

No credit check on my personal though.

Approved for $2500.

Message 1 of 8
7 REPLIES 7
simplynoir
Community Leader
Super Contributor

Re: Overstock Business Lease Account Approved

Congrats there

Message 2 of 8
MyDataMyChoice
Valued Contributor

Re: Overstock Business Lease Account Approved

this thru progressive?


+AU on: 2008 Sears MC $2,001 | 2016 SEARS Store Card $2,001 | 2011 Synchrony Home $5,500 | 2003 FNBO Visa $9,900 | 2008 Macys Amex $3,400 | 2008 Kohls $2,000 | 2008 JC Penny $500 | 2016 TJX Mastercard $1,500 | 2018 AAdvantage Aviator MC $5,600 | 2018 HSN $4,500
Member of: Andrews FCU | PENFED CU | SDFCU | Alliant CU | NASA FCU | NWFCU | Ally Bank | BofA | Merrill | Greenwood CU | Elements Financial CU | Ocean State CU | Wells Fargo | Citizens Bank | Chase Bank | RI Credit Union | US Financial FCU
Message 3 of 8
Creditaddict
Legendary Contributor

Re: Overstock Business Lease Account Approved


@MyDataMyChoice wrote:
this thru progressive?

Yes, that's what it looks like.

I have never heard of them before, I should be placing order next week, so I will update you... but it basically looks like 12 months lease to own and after the 12 payment you own it so I don't understand why they can't just make it a 12 month equal payment loan instead of a lease and have a revolving line.

Message 4 of 8
MyDataMyChoice
Valued Contributor

Re: Overstock Business Lease Account Approved

many furniture and cell phone stores offer this

They do not go off of credit at all... just cash flow from bank statements... meant actually for consumers more than business



+AU on: 2008 Sears MC $2,001 | 2016 SEARS Store Card $2,001 | 2011 Synchrony Home $5,500 | 2003 FNBO Visa $9,900 | 2008 Macys Amex $3,400 | 2008 Kohls $2,000 | 2008 JC Penny $500 | 2016 TJX Mastercard $1,500 | 2018 AAdvantage Aviator MC $5,600 | 2018 HSN $4,500
Member of: Andrews FCU | PENFED CU | SDFCU | Alliant CU | NASA FCU | NWFCU | Ally Bank | BofA | Merrill | Greenwood CU | Elements Financial CU | Ocean State CU | Wells Fargo | Citizens Bank | Chase Bank | RI Credit Union | US Financial FCU
Message 5 of 8
MyDataMyChoice
Valued Contributor

Re: Overstock Business Lease Account Approved

Make sure you pay off in 90 days to avoid any additional fees.


+AU on: 2008 Sears MC $2,001 | 2016 SEARS Store Card $2,001 | 2011 Synchrony Home $5,500 | 2003 FNBO Visa $9,900 | 2008 Macys Amex $3,400 | 2008 Kohls $2,000 | 2008 JC Penny $500 | 2016 TJX Mastercard $1,500 | 2018 AAdvantage Aviator MC $5,600 | 2018 HSN $4,500
Member of: Andrews FCU | PENFED CU | SDFCU | Alliant CU | NASA FCU | NWFCU | Ally Bank | BofA | Merrill | Greenwood CU | Elements Financial CU | Ocean State CU | Wells Fargo | Citizens Bank | Chase Bank | RI Credit Union | US Financial FCU
Message 6 of 8
jaxstraw
Valued Contributor

Re: Overstock Business Lease Account Approved


@Creditaddict wrote:

Didn't go through instantly and received an email to call in during business hours.

They asked to verify bank by logging in kind of like a loan check.

Then I had to verify signer on the bank account.

No credit check on my personal though.

Approved for $2500.


Congrats.

Do you know if this reports anywhere as a business account or are you waiting to see if it does ??

Jax

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Then you are a fool. Be thankful that when God gave you a face, he gave you a fool's face
Message 7 of 8
silver_idle
Established Contributor

Re: Overstock Business Lease Account Approved


@MyDataMyChoice wrote:

many furniture and cell phone stores offer this

They do not go off of credit at all... just cash flow from bank statements... meant actually for consumers more than business


Youre right with that. They have a 90 day payoff in which case you can pay off the item, otherwise the amount nearly doubles as apart of the "leasing fees". So if youre lease something that cost $200 and you dont pay it off, it becomes $400.

Message 8 of 8
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