Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.7
(20 Ratings)

Purchasing Power Account Review

Advertiser Disclosure

A Purchasing Power personal account allows employees to acquire essential and name-brand products immediately and pay for them over time through automatic payroll deductions, all with 0% APR. This program eliminates the need for traditional credit checks and interest charges, offering a wide selection of over 40,000 items. With user-friendly management via a website and mobile app, it provides a convenient and flexible way to make purchases and handle repayments directly from one's paycheck.

purchasing power account

Key Features

  • Interest-Free Payments. Purchases are paid for over time directly from your paycheck, with 0% APR, eliminating additional interest charges.

  • Wide Product Selection. Access to over 40,000 name-brand products, providing a variety of options for essential and desirable items.

  • Automatic Payroll Deductions. Payments are conveniently deducted from your paycheck, ensuring timely and hassle-free repayment.

  • No Credit Checks. Eligibility is based on employment status rather than credit history, making it accessible to a broader range of users.

Step-by-step Registration

  1. Go To The Website. Visit the official Purchasing Power website to begin the account creation process.

  2. Click On The "Log In" Button. Locate and click the "Log In" button at the top right corner of the homepage.

  3. Click On The "Sign Up" Link. On the login page, find and click the "Sign Up" link below the login fields.

  4. Answer Employment Questions. Provide details about your employment status, such as your employer's name and your job title.

  5. Enter Your Email And Password. Enter a valid email address and create a secure password for your account.

  6. Accept Terms And Conditions. Carefully review the terms and conditions of the Purchasing Power program and accept them.

  7. Click On The "Join For Free" Button. Complete the registration process by clicking the "Join For Free" button.

  8. Confirm Your Emai . You will receive a confirmation email at the address you provided. Follow the instructions in the email to confirm your account.

How to Log In?

  1. Visit Website. Go to the Purchasing Power website.

  2. Click "Log In". Click on the "Log In" button at the top right corner.

  3. Enter Email. Enter your email address and click “Continue”.

  4. Enter Password. Enter your password and click "Log In".

How to Activate My Account?

  1. Check Your Email. After signing up, look for a verification email from the company.

  2. Click On The Verification Link. Click on the link provided in the email to activate your account. This will take you to a confirmation page.

  3. Confirm Your Email. Follow the prompts on the page to confirm your email address.

  4. Set Up Your Account. Once your email is confirmed, log in to your Purchasing Power account using your email address and password. Enter your personal and payment information to complete the setup.

How to Delete My Account?

  1. Call Customer Support. Dial 1-888-923-6236 to reach Purchasing Power customer support.

  2. Explain Your Request. Inform the representative that you would like to delete your account.

  3. Verify Your Identity. Be prepared to verify your identity and provide some account information as requested by the representative.

  4. Account Deletion Confirmation. The representative will proceed to delete your account and provide you with confirmation of the deletion.

How to Reset My Password?

  1. Visit Website. Go to the Purchasing Power website.

  2. Click "Log In". Click on the "Log In" button at the top right corner.

  3. Click "Forgot Email Or Password". On the login page, click the "Forgot email or password" link below the login fields.

  4. Enter Email And Last Name. Enter the email address associated with your account and your last name, then click "Submit".

  5. Check Your Email. You will receive an email with instructions on how to reset your password.

  6. Follow Instructions. Follow the instructions in the email to reset your password and regain access to your account.

Editorial Opinion

Purchasing Power personal accounts offer a practical solution for employees looking to manage their finances without relying on traditional credit cards or loans. By allowing users to make purchases and pay over time directly from their paycheck, the program provides a convenient and interest-free alternative for acquiring essential items. While the lack of interest charges is a significant benefit, the requirement for employer participation and the need for stringent eligibility criteria may limit accessibility for some users. Overall, Purchasing Power personal accounts present a beneficial option for those who qualify, balancing convenience and financial responsibility.

Important

Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.

  2. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.

Additional Resources

FAQ

Is my Purchasing Power account secure?

Yes, your Purchasing Power account is secure. Purchasing Power makes security improvements every year.

What do I do if my Purchasing Power account info is stolen?

If something is not right with your account, you should contact Purchasing Power support and change your password on the website.

How do I contact Purchasing Power?

If you need to contact Purchasing Power for any reason, there are a few ways to do so:

  1. Phone. You can call the customer support team at 1-888-923-6236. Representatives are available to assist you Monday through Friday from 8:00 am to 10:00 pm ET, and Saturday from 9:00 am to 6:00 pm ET.
  2. Online chat. You can also chat with a customer support representative through the online chat feature on the Purchasing Power website. The chat feature is available during the same hours as phone support.
  3. Social media. The company also has a presence on social media platforms such as Facebook and LinkedIn, where you can message the company with any questions or concerns.
Offers
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.7
(20 Ratings)
Recommended FinScore™
0
300
650
1000
from 1000.00 $
Term
i

Loan term for the financial product

6 months – 12 months
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Finanso
Personal Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
2000.00 – 100000.00 $
Rate
i

Interest rate

6.34 – 35.89 %
Term
i

Loan term for the financial product

2 months – 5 years
Apply
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
100.00 – 4000.00 $
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.93
(20 Ratings)
Recommended FinScore™
0
300
650
1000
450.00 – 12000.00 $
Rate
i

Interest rate

27.50 – 81.29 %
Term
i

Loan term for the financial product

6 months – 3 years
Apply
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Purchasing Power reviews 2025
Leave feedback
4.4
Pros
I had a wonderful experience using my Purchasing Power credit to shop, encountering no issues at all.
Complain
4.2
Pros
The website is user-friendly, and their communication is outstanding.
Complain
4.2
Pros
I have consistently had positive experiences with this company. The entire process, from start to finish, is straightforward and hassle-free. They offer quality products from reputable companies and manufacturers. The affordable monthly payments make Purchasing Power a valuable resource, especially when you need it the most.
Complain
4.8
Pros
My interaction with Purchasing Power was incredibly smooth and hassle-free. I easily found and ordered the items I desired. The products were delivered punctually and in excellent condition. The payment process was also straightforward and convenient.
Complain
1.8
Cons
When I made the call, I was informed that the accounting department was closed, and I should try again tomorrow. As a result, I intend to resume my calls this morning until I receive a resolution to this issue. I'm committed to calling daily until my concern is satisfactorily addressed.
Complain
4.2
Pros
I'm thoroughly impressed with this company! The flexibility in spending is fantastic, and the service they provide is top-notch. Additionally, the staff is approachable and easy to communicate with.
Complain
2.8
Cons
This service is a scam! They not only demand payments through your payroll, but if you overpay, which is common with most deductions, you'll have to go through a complex process to get your money refunded. My advice: Avoid using this service at all costs!
Complain
1.6
Cons
I strongly advise against using this service, as you'll end up paying significantly more for the same items that can be found at much lower prices elsewhere.
Complain
4.4
Pros
PurchasingPower is truly valuable. I appreciate the direct paycheck deductions for payments, which is a major plus for me. The only minor drawback is that the website could benefit from some improvements, as it tends to run a bit slowly. However, overall, it's a good option.
Complain
4.6
Pros
The website has a straightforward layout. I purchased perfume recently and shoes a couple of months ago. Both orders arrived swiftly, taking less than a week. It's worth noting that the prices are slightly higher compared to in-store purchases, but the absence of interest charges is a notable advantage.
Complain
Company rating
3.7
/ 5
20 reviews
Application
3.7
Support service
3.7
Mobile App
3.7
Service quality
3.8
Your satisfaction level
3.7
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