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Rating by Finanso®

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Purchasing Power


About lender

Purchasing Power, LLC, is one of the most popular purchase programs for employees in the USA. It offers clients both consumer products and educational services, and allows them to make big purchases with payroll deduction. The program is available to employees who work for both participating employers or organizations.

The company was established in 2001. Nowadays, it operates in Atlanta, Georgia. Purchasing Power offers a wide range of brand-name products and services, such as computers, watches, furniture, TV, and video products, and allows clients to pay for such products over time, right from their paycheck. Purchasing power allows customers to put spending power to work if credit or cash is not an option.

The employee purchasing program offered by Purchasing Power is a good option if you want to buy furniture for your home. With Buy Now, Pay Later for Furniture and Home Décor, you can buy everything from mattresses to cookware. Purchasing Power doesn't charge interest. There are no fixed payments, hidden fees, or credit checks, and also Purchasing Power doesn't require customers' credit scores or account numbers. Unlike layaway, high-interest credit cards, or rent-to-own stores, Purchasing Power, LLC provides easy and convenient online shopping. Now the number of Purchasing Power customers is more than 850,000, and you can join them.

Pros and cons


  • Over 40,000 brand-name products
  • Spending power
  • No interest rates and fees
  • No credit check
  • No hidden fees
  • Fixed payments
  • Payroll deduction.


  • The company is not appropriate for travel
  • You can only participate if your company has enrolled in the service.

The customers of Purchasing Power can pay for different goods or services right from their paychecks for 12 months. Such an option is a good alternative to high-interest credit cards or loans.

Terms and conditions

Purchasing Power allows its customers to pay over time with a fixed payment and automatic payroll deduction, so they don't need to worry about repayment schedules each month. Purchasing Power doesn't do a credit check if a client meets the eligibility requirements. If the customers are eligible employees, who work for participating employers or organizations, then they can register on the Purchasing Power website and view all online products.

After launching, the program typically yields an annual participation rate of 10-20%. Purchasing Power assumes all the risks for the program. The company never involves employers. All they need is to inform about changes in the status of employees.

Funding a loan

Employees need to set up the allotments for their orders. When they do this, they authorize the direct payments from their paychecks to Purchasing Power. Purchasing Power applies each payment to the client's account, and the order is paid off within 12 months. To receive their orders, the customers have to submit confirmation of allotment from their online payroll systems. The confirmation of allotment shows the customer's 13-digit Purchasing Power account number, Purchasing Power's routing number, and the total allotment amount, which is necessary to cover all orders.

The operational time of Purchasing Power is from Monday to Friday, from 8 am to 10 pm ET, and on Saturday, from 9 am to 6 pm ET.


What is Purchasing Power?

Purchasing Power is a purchase program that offers a wide range of brand-name products and services.

What can I buy with Purchasing Power?

You can buy television and video products, musical instruments, home decor, furniture, computers, watches, home appliances, handbags, etc., with Purchasing Power.

What happens with the Purchasing Power program if I leave the job?

If the customer has an open order with Purchasing Power and changes jobs, Purchasing Power will work with you directly to figure out a payment plan. Purchasing Power doesn't charge extra fees, so the amount the client pays won't change.

Company documents

Terms and Conditions
Privacy Policy

We provide a means for you to get the small, and sometimes big, things that improve your quality of life.

© Purchasing Power

Calculate loan payments at Purchasing Power

Purchasing Power calculator will allow you to calculate an approximate payment schedule for the loan

Purchasing Power calculator
Interest rates are given in accordance with the rates of the Purchasing Power in Washington, D.C. as of 25.09.2022
Loan amount

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What to focus on before applying for a loan with Purchasing Power

To ensure the lender is legitimate, check if it meets the following criteria:

How do you know if a loan company is registered?

The lending company is registered with the US Securities and Exchange Commission (SEC) and has a tax identification number (EIN). Note that tribal lending companies operate under the jurisdiction of tribal laws, and they don't have to register with the SEC. But still, tribes must act under federal consumer protection laws enforced by the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).

According to the FTC requirement, the lending company is registered in your state, excluding tribal lenders abiding by tribal and federal laws only. That is why tribal lending companies can charge interest rates exceeding your state's maximum.

Finally, the State Attorney General can verify the registration of the lending company if you need additional proof of whether it is legitimate.

If a US lending company scams you, please report to local law enforcement, your state attorney general, CFPB, or FTC.

Finanso® also recommends

Learn the total cost of a loan, including:

It will be best to read a loan agreement carefully before signing it. If any part of the agreement seems incomprehensible, do not hesitate to ask the lender about particulars.

Remember that you don’t have to make an immediate decision when considering getting a loan. However, you must be sure that you are ready to repay following your loan documents. If the lender’s terms and conditions are uncomfortable for you, you are free to search for another proposal, as there are about 780 lending companies in the US.

What’s the difference between Purchasing Power and a bank?

  1. You need to have a good credit history to qualify for a credit card with a bank. In contrast, even bad credit history debtors can borrow money from US lenders with personal or payday loans. 
  2. Interest rates and annual percentage rate for a loan with an online lending company are significantly higher than with a credit card released by a bank.
  3. Applying for an online loan with a lending company doesn’t require paperwork or even visiting their office. Instead, a borrower can apply entirely online and receive money via direct deposit on the next business day.
  4. The online lending business is high-risk for investors, and their capital is not protected from unfair borrowers.
  5. A loan with legitimate loan companies for bad credit is a simple but expensive form of borrowing to resolve financial hardship.
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