(Closed) Did he take out a loan for your ering?

posted 11 years ago in Money
Post # 92
Member
2657 posts
Sugar bee
  • Wedding: October 2012

No loan as far as I know. I would be mad too if he did that. I figure that if u need a loan for a ering u either need to get a cheaper ring or should not get married yet because u are not financially stable. And/or both of u need to wait for him to save up for a ring. 

I have heard over and over again from so many people that going into a marriage with debt is not a very good idea. It will bring problems and stress.

Do what u can afford.     Debt is never a good thing.

Post # 93
Member
1398 posts
Bumble bee
  • Wedding: May 2012

He was willing to take out a loan, but I said no way. We are saving for a house, and paying for the wedding ourselves and I did not want him to take on the debt. So we went to a pawn shop and got a very excellent deal on a 14k gold .33 kt diamond, for right at $200. I love it, and know that Zales had this identical ring at more than 4 times the price, so I think we got a great deal. I can live with it being second hand, knowing it is one less bill for us to worry about.

Post # 94
Member
217 posts
Helper bee
  • Wedding: May 2012

Mr.A put it on his account (he love all things that sparkle! lol) at the store in March and made small payments until it was paid off in July. He caught the ring on sale and with all discounts ended up paying less than half of what it was priced at! Yes, it meant that he proposed without a ring in hand but it didn’t matter to me! 🙂

Post # 95
Member
915 posts
Busy bee
  • Wedding: October 2011

My Fiance didn’t take out a loan, but he did put most of it on a jeweler credit card. He put a few hundred dollars down on it cuz that’s all he had at the time. I was happy he was able to get me the ring I wanted and it should only take him about a year to have it paid off.

Post # 96
Member
1128 posts
Bumble bee
  • Wedding: November 2011

My FH put it on a jeweler credit card, and had the ring for ten months before giving it to me. So after I found out the interest this card was carrying we went and borrowed from the bank to pay off the card. It worked for us!

Post # 97
Member
1199 posts
Bumble bee
  • Wedding: November 2011

FH wanted to pay for as much as he could in cash…so he only financed 30% of the total ering cost.  He did finance the loan for 0% which is nice and he doesn’t have too much left after 6 months of payments.

Post # 98
Member
11375 posts
Sugar Beekeeper
  • Wedding: December 2010

We paid for our rings (e-ring & both wedding bands) in cash. We bought my husbands online but didn’t buy it with a credit card, we used debit. 🙂

Post # 99
Member
165 posts
Blushing bee

No loan. He is paying off his student loan and I would feel extremely uncomfortable had he got my ring on loan… If he had to get a loan I would’ve asked for something 1/10 of the price.

 

Post # 100
Member
2818 posts
Sugar bee
  • Wedding: December 2012

My fiance put a deposit down on the ring during Valentine’s Day (when all the jewelry stores have big sales). He then made payments on it until he paid it off in April, right before our trip to the Dominican Republic where he proposed. We are currently paying for our whole wedding in cash and saving for a down payment on home. He knows I would have been upset if he took out a loan for the ring, to me its not worth it.

Post # 101
Member
713 posts
Busy bee
  • Wedding: April 2012

No loan..he saved up for it. We didn’t get a diamond either – we went with a Moissanite!

Post # 102
Member
5109 posts
Bee Keeper
  • Wedding: November 2011

Fiance financed some of the ring. He put somuch down. He got some 0% intrest for so long, and he doesnt have a whole lot of credit, so he saw it as a credit building opportunity lol. Its not for everyone, but it worked out great for us!!

Post # 103
Hostess
11163 posts
Sugar Beekeeper

My ring and wedding bands were paid in full when they were made.

We refused to do is go into debt (for any amount of time) for my rings. I knew I wanted something bigger and was willing to wait until we were in a better place in our lives and could afford it.

 

Post # 104
Member
145 posts
Blushing bee
  • Wedding: April 2012

No loan was taken it, just LONG LONG saving I can only assume LOL or he hit a small lottery without telling me LOL

Post # 105
Member
6511 posts
Bee Keeper
  • Wedding: September 2012

Nope!  And he got rid of his credit cards last year, so I know he paid for it outright. 

The topic ‘Did he take out a loan for your ering?’ is closed to new replies.

Find Amazing Vendors