The money for an engagement ring may take a while for you to come up with. If you're looking to get engaged and don't wait months until you can save for the perfect ring, you can get a jewelry loan instead. A lot of jewelry stores offer their own financing and can get you your ring faster. You can make payments on the ring with reasonable payments that you can afford. If you aren't sure if you can get financed for a jewelry loan, there are things you can do to help you get approved for a loan. Read on for helpful tips.
Make Your Payments On Time
Make all of your loan and bill payments on time for at least the last three months. Making payments late can negatively affect your credit, not to mention you'll be paying out extra in late charges and extra interest. Make all of your payments on time to ensure your credit score stays in a good range. If you aren't able to make payments on time, it may not be the right time for a jewelry loan until you pay some of your other loans or bills off.
Pay Off Bills
If you have a few loans outstanding that can be paid off, do so. Paying off loans while still having an open line of credit can really improve your credit score. Don't close any credit cards or loans, as this makes it appear as if you cannot afford them. Simply pay off as many loans or credit cards as possible and leave them alone. If you don't use those cards, after a while they close themselves.
Clean Up Your Credit
If you ran your credit report and see a few blemishes on it, it's time to clear them up. Negative marks on your credit could block you from getting the loan you need to get your fiance the ring you want. If you have things on your credit report such as old doctor bills you forgot about, you need to pay these off immediately. If anything shows up that isn't yours, you should call the credit bureaus to have the items removed from your report. Take a good look at your credit report and go through them one by one to see what you can have removed.
If you are attempting to get a loan and aren't sure if you will qualify or you've had a problem qualifying, use the tips above to help you clean up your finances so you can purchase the ring you want. Learn more about jewelry loans from a local lender.
Share25 March 2019
When a friend of mine gave me an impromptu makeover, I realized that I needed to improve the attention that I gave to my appearance. I invested in some new clothes, and then I went shopping for jewelry. However, I didn't know how to choose or match pieces, so my first few outfits were a little confusing. Fortunately, my friend came to my aid and walked me through how to wear jewelry the right way. I was really impressed with her help. This blog is all about me helping you to accessorize with jewelry. Read here to find out how to look better than ever.