A jewelry purchase is sometimes an expensive purchase that you might not be able to pay for in one lump payment. Whitefish Jeweler understands the need for financing, which is why they provide an affordable option for you to finance your jewelry purchase. The following is some information on Whiteflash financing options so that you know what you have available, and you'll know how to be prepared when it's time for you to shop for jewelry. Read through the information and then browse the collection of gorgeous sparkling jewelry that's available for you to purchase for your loved one.
The first question you might have in your mind before you purchase jewelry from Whiteflash is, "Does Whiteflash offer financing?" The answer to that question is yes. Whiteflash offers an affordable option through a company called Affirm. You can make a purchase today and get approved for financing by Affirm if you would like to have the jewelry item in your hands today.
Who Is Affirm?
Affirm is a financial company that launched in 2012. The company has headquarters in San Francisco, CA, and it provides installment loans to all types of consumers at their point of sale. Currently, Affirm is affiliated with more than 2,000 online stores, and it offers installment loans to customers of such sites. Whiteflash is one of the companies that are proud to offer financing through Affirm. Some of the other companies that provide financing through Affirm are sites such as Walmart, Republic Wireless, Planet DJ, Penske and more. The Affirm company is privately held, and the current CEO is Max Levchin.
Who Qualifies for Whiteflash Financing?
To qualify for financing through Affirm, you will have to meet specific criteria. First, you must be at least 18 years of age to sign a legal loan contract. Secondly, you must have a credit score that is satisfactory to Affirm. Financing experts suggest that a FICO score of at least 600 points is required to obtain the desired loan from Affirm. You may also have to provide a down payment at the time of the purchase, even if you receive approval from Affirm for financing.
Any consumer who is interested in Affirm financing can check to see if he or she is qualified to receive financing without affecting his or her credit score. Therefore, you can see if you prequalify. The prequalification application will let you know whether it would be wise to continue with a full application. A prequalification is usually an indicator that you will receive an approval. However, it is not a guarantee of such approval, nor does a denied prequalification mean that you will not receive approval. Checking for prequalification takes less than two to three minutes. If you're interested, you can then proceed accordingly once the answer appears on the screen.
How Does Whiteflash Financing Work?
As an approved Affirm applicant, you can expect to have an interest rate that sits somewhere between 0 and 30 percent. The Affirm application is very transparent. Therefore, you will know what your interest rate is immediately. The rate will depend on your credit score. If you have a high score of 700 or more, you can expect to have a low interest rate that is more toward the 0 percent end of the spectrum. If you have a low score, you can expect to have a higher rate that could be up to a full 30 percent.
How Long Is Financing For?
The financing terms can vary according to your credit score and desires. The shortest loan term that Affirm offers is a three-month term. That's best for consumers who almost have all the money to pay, but they want to have a little extra time so that they don't have such a high expense. The next shortest term is a six-month term. A six-month term is useful for budgeting. The most extended term that Affirm offers is a full one-year term. The one-year term is best for consumers who need maximum time to repay their advance.
The Affirm loan works the same way a credit card would work. You will receive a monthly bill from Affirm that you would have to pay on time. Timely payments will reflect positively on your credit report. Affirm customers can make their payments by signing up for online access on the Affirm website and then managing their payments there. Affirm offers online payments and accepts credit cards, debit cards, bank transfers and checks.
How to Get Approved for Financing?
To get approved for financing, you should ensure that you have the highest credit score possible before you apply. You can order a copy of your credit report at any time and review it for errors. The dispute process is available if you believe that an account does not belong to you. Once you get your credit score as high as you can go, you can feel confident applying for a loan from Affirm.
How to Apply for Financing
You can apply for financing right through the Whiteflash website. They provide easy access to the Affirm prequalification application, which will guide you into the full application process. You will know quickly if you qualify for financing or not. If you receive approval, you will provide Whiteflash with your down payment, and then you will enjoy your gorgeous jewelry.
Start Shopping for Jewelry Today
Now you know which financing options are available to you and what you need to do if you would like to obtain such financing. All you have to do now is take your time and sift through the extensive inventory of jewelry for the perfect item. Once you've chosen the item of your dreams, you can apply for financing that will help you obtain it. The Whiteflash financing options will allow you to go home with the jewelry that you want today so that your loved one can have a smile on his or her face tomorrow.
About Kevin Lee
Kevin Lee is a former tech advisor who cut his teeth in Silicon Valley. He now spends his time sharing his passion for investing in diamonds and jewelry. You can reach Kevin for any comments by using the contact form on this site. Don't forget to sign up for his free "Investing 101 Guide" by clicking on the button at the top right of this website.