Your Guide to Financing Jewelry

Jewelry is more than just an accessory; it's a statement, a memory, and an investment. But sometimes, the price tag can be daunting for a one-time purchase. That's where financing options come into play.

This guide will walk you through everything you need to know about financing jewelry, making it easier for you to buy that dream piece without the financial stress.

What is Financing Jewelry?

Financing jewelry is essentially a way to purchase pieces by paying over time rather than upfront. Instead of paying the full amount immediately, you make smaller, manageable payments over a period. This option can make high-end jewelry more accessible without putting a strain on your finances.

For those who like to live by a consistent budget, financing jewelry can be a great way to plan payments in advance and avoid any surprise expenses.

How Does it Work?

Here's a quick overview of the actual process of financing your jewelry:

• Choose Your Jewelry: First and foremost, you need to select the piece you want to finance. Whether it's an engagement ring, a special occasion necklace, or a luxury watch, make sure you have your heart set on it before proceeding with financing.
• Check Your Credit Score: Financing options are often based on your credit score, so it's crucial to check yours before applying. Higher scores generally mean better financing terms and lower interest rates.
• Research Financing Options: There are various ways to finance jewelry, including store financing, personal loans, and credit cards. It's essential to research and compare the different options available and choose one that best fits your needs and financial situation.
• Apply for Financing: Once you've chosen a financing option, you can apply for it either online or in-store. Most lenders will require personal information, proof of income, and identification during the application process. You may also need to provide details about the piece of jewelry you're purchasing.
• Understand the Terms: Before signing any financing agreement, make sure you understand the terms and conditions. Pay attention to factors such as interest rates, payment schedules, and fees associated with late or missed payments.
• Make Timely Payments: Once your application is approved, it's essential to make timely payments according to the agreed-upon schedule. This will not only help you stay on top of your finances but also improve your credit score in the long run.

Enjoy the Benefits of Financing

Here are some ways that jewelry financing can benefit you:

Tailored to Your Budget

When you finance jewelry, payment plans are generally tailored to fit your budget. This means you can enjoy your piece while making consistent, affordable payments that won't be a strain on your monthly expenses.

Consistent Payments

Financing options may include monthly or bi-monthly, depending on the terms of your agreement. Having regular, consistent payments makes budgeting easier and eliminates the need for a large lump sum.

No Immediate Financial Strain

Financing allows you to spread out the cost over time, meaning you don't have to experience the immediate financial strain of paying all at once. This can be particularly useful for significant purchases like engagement rings or anniversary gifts.

Building Credit

Believe it or not, financing jewelry can also help build your credit. Timely payments on your financing plan can positively impact your credit score, making future borrowing easier and often cheaper.

Low or No Interest Rates

Many jewelry stores offer financing plans with low or even 0% interest rates for a specified period. This means you can pay for your jewelry over time without any extra cost, making it a financially sound option.

How Does Financing Jewelry Work with Solomon Brothers?

At Solomon Brothers Jewelers, we offer financing options through Wells Fargo—you can apply in-store, or from the comfort of your own home. For online applications, you just need to stop by to show your ID in person, and you're good to go.

Our financing plans are designed to fit your needs. Whether you prefer to pay off your purchase quickly or need more extended payment terms, we can accommodate you. We're here to guide you through the financing process, help you understand the terms, choose the best plan for your budget, and answer any questions you may have.

Invest in Your Dream Piece with Solomon Brothers Jewelers

Don't let the price tag keep you from owning or giving the perfect piece of jewelry. Visit Solomon Brothers Jewelers today to explore our extensive collection and discover the perfect piece for you. With our flexible financing options and expert guidance, you can buy with confidence.

Apply for credit online or visit our store to get started with financing. Your dream piece is closer than you think.