Engagement ring financing
Buying an engagement ring is one of the most monumental decisions in a man's life. The ring has a big psychological effect on the couple's life. The engagement ring is a metaphor for a couple's relationship. The kind of ring that one gives to his to-be wife says a lot about the person. Engagements rings come at different price levels. One can buy the high end expensive rings from the up market jewels stores.
One can buy the cheapest engagement rings with real jewels or artificial stones. One can also buy everything in between the price levels. One needs to decide what kind of ring one wants to buy before going into it. The ring that one wants to buy decides the kind of financing one should go for. Sensing a profit opportunity, several firms, both in the jewellery business and from outside have started providing loans to customers.
More money, less problems
For buying a really expensive engagement ring one can approach a bank for loan. Some of the biggest banks in the world like Bank of America and Citibank offer loans to customers to buy the engagement ring of their choice. Either they have an internal division that takes care of this business segment or sometimes they partner with a firm which specializes in personal loans. Bank of America has partnered with a firm Blue Nile to offer innovative schemes to help customers buy engagement rings and other paraphernalia. They offer different schemes with different interest rates and repayment options to facilitate their buying of the engagement ring. Now many smaller banks and banks with formal business lines are trying to make profits from this segment. A lot of the big jeweler stores have a financing program that helps customers buy rings. They check your credit line to see your repayment capacity. A good credit line can give you access to more funds thereby enabling you to buy an expensive engagement ring. A low credit line limits your options at the high end product range. In the US now many mid-level jeweler stores are offering this option.
Work hard for the money
For the truly desperate, there are creative ways to get your paws on that important ring. The best way is work for it. Work hard and pay the price for your ring in blood, sweat and tears. Otherwise sell your beloved car. Buy the engagement ring with the money you get. If you are truly desperate buy a second hand ring from a pawn shop. You will be surprised with the quality of rings one can get at good pawn shops. The only problem is the ring might have an origin one is not proud of. The more immediate worry is that your to-be bride might be angry at being given a second hand ring. One can buy engagement rings with fake jewels as they tend to be relatively inexpensive.
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