Bad Credit Jewelry Financing

Consumers are now given more options than ever before when it comes to financing jewelry with bad credit. Using this tool, you can more realistically acquire the jewelry that you love, even if you have a less-than-perfect credit score. Learn about these critical aspects of bad credit jewelry financing below:

  • What Exactly Is Bad Credit Jewelry Financing?
  • Does “No Credit Check” Mean the Same as “No Credit Needed”?
  • Where is Jewelry Financing for Bad Credit Available?
  • Who Can Get Jewelry Financing, and How Do I Apply?
  • FAQs About Bad Credit Jewelry Financing

How Does Jewelry Financing Work With Poor Credit?

Adding jewelry to your wardrobe will enhance both your style and appearance. Jewelry made of gold or diamonds is expensive and requires a large investment. People with less-than-stellar credit history often find it difficult to qualify for traditional loans.

 

Fortunately, other financing options are available that can help you get the jewelry items you want without putting your finances at risk. Jewelry financing with bad credit is a flexible financing option that allows people with bad credit to purchase high-quality jewelry items (like an engagement ring) without paying for the items in full upfront.

 

According to Experian’s 2020 Consumer Credit Review, 16% of Americans have a poor credit score of between 300-579, while 18% have a fair credit score of between 580 and 669. A credit score is also crucial when applying for a loan, but 22% of Americans don’t have one, making it hard for them to access traditional loans.

 

Jewelry credit financing with bad credit may help consumers with less-than-stellar credit history purchase quality jewelry from popular jewelers.

No Credit Check vs. No Credit Needed Financing for Jewelry

No credit check financing for jewelry is different from no credit needed financing in that no credit check financing does not require a credit report or history for approval. This means that the specifics of your credit history don’t affect your credit approval.

  • No Credit Check is when someone’s credit will not be pulled in the process of finding lending for a new appliance.
  • No Credit Needed refers to the fact that your credit score may be checked, but there are other factors that are part of the approval requirements.

You might be wondering: Is a lease the same as a loan?

Leases & loans are quite different – here’s what you need to know:

  • A loan (or personal loan) is generally a lump sum of funds provided on the recipient’s behalf that is paid back over time (and, like most loans, includes interest.)
  • A lease (or rent-to-own option) allows the recipient to possess the leased item for a pre-determined period of time and includes the option to purchase the item outright. It does not include interest but has leasing fees.

What Kind of Jewelry Can Be Financed With Bad Credit?

You can finance almost any type of jewelry you want with bad credit financing. These items include fine jewelry such as diamond rings, necklaces, earrings, bracelets, and cufflinks. You can also buy gold or sterling silver items like chains, pendants, charms, etc.

 

Available Jewelry Items

 

People tend to finance popular jewelry items that are in high demand. These include diamond engagement rings, gold pendants, along with earrings, and other jewelry. Below are some common jewelry items and brands, along with average prices and stores where you can purchase them.

Type of Product Link
Engagement Rings Find a Store*
Earrings Find a Store*
Necklaces Find a Store*
Bracelets Find a Store*
Chains Find a Store*

 

**Please Note: Payment solutions vary based on the merchant and will be indicated at the beginning of the application process. Be sure to confirm that the merchant you select offers the lease, loan, or alternative payment solution you intend to apply for.

 

**Retail prices may vary based on extras and the type of appliance you purchase. For example, a simple oven can have a retail price as low as $500, however, a double oven may have a retail price upwards of $2,500.

Engagement Rings

Engagement ring financing is crucial when you want to purchase the perfect engagement ring for your loved one but can’t afford to pay in full. Engagement rings symbolize deep love, bond, and a life-long commitment to your partner.

 

Diamond and gold engagement rings and wedding bands are popular due to their high quality and uniqueness.

 

Diamond engagement rings are typically costly, but financing may allow you to obtain one with an affordable financing program.

There are five types of engagement rings:

  • Vintage – are the original engagement rings that were designed for a bride. It features diamonds or gemstones in art deco or vintage styles.
  • Classic – are the traditional styles that have existed since the 1940s. They feature diamonds or gemstones in solitaire, three-stone, or modern designs.
  • Halo – they feature diamonds or gemstones in halo designs. The stone is held by a metal band that has smaller stones encircled around it.
  • Bezel – this is one of the most popular engagement ring styles today. It features diamonds or gemstones in solid metal bezel settings.
  • Contemporary – they are the newest engagement ring styles that have unique designs. They include diamonds or gemstones in modern, solitaire, halo, or three-stone styles.

Earrings

Earrings complement your outfit and enhance your overall appearance. They come in different styles to fit every occasion. Their shiny and dazzling appearance makes them a popular selection. Diamond earrings are the most popular type of earrings. Gold, silver, and platinum earrings are also popular.

There are several types of earrings, including:

  • Studs – are small and sit snugly on the ear lobe without looping, dropping, or climbing. They feature a simple design and are perfect for any outfit.
  • Drops – they are slightly bigger than studs and hang slightly below the earlobe. They typically feature a diamond or gemstone that is held by a skinny metal wire. They’re perfect for formal occasions and add sparkle to your outfit.
  • Huggies – they are the most popular type of earrings. They feature a simple design and sit snugly on the ear lobe. They are perfect for every outfit and occasion.
  • Hoops – they are shaped like hoops and loop from the front to the back of the earlobe. They come in different shapes and sizes to complement your glamorous look.
  • Clusters – sit tightly on the earlobe and comprise several stones or gems that form a cluster with a slight drop.

Chains

Chains are extensions of your outfit that add glamor and style. They come in different styles to enhance your look. They feature exquisite designs and stylish engravings that add personality to your appearance.

They come in several styles and designs, including:

  • Box chain – it features wide square-shaped links that are slightly bulging. This makes it perfect for pendants with thick stones like the diamond solitaire.
  • A cable chain – is the most common type comprising oval or round links linked together in an S-shaped pattern.
  • Figaro chain – it comprises slightly angled flat links that interlock like a three-dimensional puzzle.
  • Rope chain – comprises round or oval links with tiny balls of metal on their edges, creating a woven rope appearance.
  • Rollo chains – they are similar to a cable chain with oval or round links with symmetrical sizes. They are bulkier to hold dangles and pendants.

Financing Jewelry in 2024

More and more people are now buying jewelry than ever before. However, gold and diamond jewelry are expensive and require a considerable capital investment. And without a good credit history, it often gets challenging for people with bad credit to secure financing from financial institutions and credit unions.

 

With 34.8% of Americans having credit scores between 580 and 669, most people have turned to tertiary financing options to get their perfect piece of jewelry. As a result, financing jewelry with bad credit has been a popular option for those who have had credit declined by banks and can’t acquire conventional loans. The increased accessibility, evolution, and improvement make tertiary financing a popular choice among people with bad credit.

Bad Credit Jewelry Financing in Summary

Bad credit jewelry financing options are affordable payment plans available to consumers with bad credit to purchase quality jewelry from top jewelry stores to complement their style. Lacking a good credit score often makes it hard for financial institutions to approve you for traditional financing options.

 

Today, there are specific payment solutions providers that can offer different purchase solutions to people with less-than-stellar credit histories to finance their jewelry purchases.

Financing Jewelry With Bad Credit – FAQs

While bad credit jewelry financing is an excellent option for people with bad credit, it’s still confusing to most people. Below you will find the most frequently asked questions about this financing option.

Collapsed
What Qualifies as “Bad Credit” Financing?
Collapsed
Where’s the Best Place to Finance Jewelry?
Collapsed
How Can I Finance Jewelry With Bad Credit?
Collapsed
Where Can I Use My Jewelry Financing if Approved?
© 2025 American First Finance. All Rights Reserved.

1 Application Terms: Your application, including the amount, cost, and approval, is subject to review and is not guaranteed. Applications are reviewed based on data you provide and one or more of the following: identity verification, bank verification, information from a third-party, a credit reporting agency, and/or prior experience through American First Finance (AFF).

Bank Loan: A consumer installment loan is originated by FinWise Bank, a Utah-chartered bank, Member FDIC and sub-serviced by AFF. The loan may be funded by the bank to the merchant for you to purchase item(s) and/or service(s). In some cases, the loan for returning customers is funded directly to your checking account for personal, family or household use.

Retail Installment Sale Agreement: A retail installment agreement is not a loan. You may enter into a Retail Installment Sale Agreement with a merchant to purchase item(s) and/or service(s). AFF may purchase the Agreement from the Merchant. An example of a retail installment transaction based on a 12-month term with 26 biweekly payments: if you make a purchase of $1,000 and make a $50 down payment with an Annual Percentage Rate (APR) of 169.53%, you will have 25 bi-weekly payments of $74.79 and 1 bi-weekly payment of $75.06. The total amount repayable will be $1,944.81 with full, timely payments over 12 months.

Lease: A lease is not a loan or credit transaction. It has several names: lease, lease-to-own, rent-to-own, or rental-purchase. With a lease, you select the item(s) and AFF purchases the item(s) from a Merchant. You take the item(s) home. AFF retains ownership until you pay for the item(s) plus rental fees. Other fees may be included, such as late, non-sufficient funds, delivery, and optional Liability Damage Waiver fees. As a result, the total amount you pay for leasing an item may be more than double the retail cost. You can cancel your lease at any time without penalty by contacting AFF. An example of a 12-month lease with weekly payments: if you lease a $1,000 item and pay a $50 (plus tax) processing fee, you will have 52 additional weekly rental payments of $46.11 to complete your lease. Your total lease payments will be $2,452.21 with full, timely payments over 12 months.

2 You will save money on interest, finance charges, or leasing fees when you pay the discounted amount during the Early Payoff Discount (EPD) period or by exercising the Early Buyout Option (EBO). You must make payments larger than your regularly scheduled payments by the EPD/EBO expiration date. You will make additional payments through the customer portal or by contacting the customer service team.

3 Decisioning may take additional time and not be same day. Additional information may be required.

4 This loyalty program is offered by FinWise Bank. The program provides loyal customers the opportunity to qualify for a lower rate. A rate reduction is valid on new loans only and cannot be applied to existing loans. The rate reduction is only applicable to customers with a prior loan open for at least 150 days, with all payments posted and cleared on time for the life of the loan, and the loan has been paid in full. Maximum of two (2) rate reductions per customer. Loans are originated by FinWise Bank, a Utah-chartered bank, Member FDIC. Terms and conditions subject to change at any time without prior disclosure or notice.

5 Approval is possible without a credit score, but credit may be checked.

6 Testimonials reflect the real-life experiences of customers who used our products and/or services. Individual results may vary.

To report a problem or complaint with this lender, you may write info@americanfirstfinance.com or call customer service at (855) 721-1188.

American First Finance, LLC – NMLS ID 1757007

© 2025 American First Finance. All Rights Reserved.