Quick Answer: How Does Zales Lease Program Work?

What happens if you dont pay progressive leasing?

You have the right to return the items to Progressive Leasing without additional charge or penalty, and you will owe nothing further except unpaid lease-to-own costs.

To cancel your lease call us at (877) 898-1970..

Does Progressive Leasing build credit?

Can I build up my credit by doing a successful Lease? No. We do not currently report to credit bureaus. Progressive Leasing provides a lease-to-own purchase program, not credit.

What credit score does Zales require?

630 creditZales Credit Card is a great Credit Card if you have fair credit (or above). Their APR is quite high (above 20%). If you’re looking to apply, we recommend at least a 630 credit score. If you’re not sure what your Credit Score is, apply for a report, here.

What bank does Kay Jewelers use?

Comenity BankLong Story Short, Kay’s Jewelers (Comenity Bank) claimed they needed my address because they were receiving mail back as undelivered.

Are Zales diamonds real?

Zales, on the other hand, sells diamonds primarily certified by the IGI lab. … This is certainly not the case, as GIA diamonds maintain a higher standard and more consistent standard of grading. IGI diamonds and GIA diamonds cannot and should not be compared equally.

How does Zales financing work?

Interest will apply according to your regular credit terms. Must have made a purchase in the previous 12 months starting 1 month(s) prior to the cardholder’s birthday….Store Financing* – The Diamond Credit Card.Store Financing* – The Diamond Credit CardPayment Term (Complete by)6*, 12, 18 or 36* MonthsRevolving11 more rows

Is Zales credit easy to get?

Approval Requirements & Application Although store credit cards are often easier to obtain than open-loop cards, there is no evidence that the Zales Credit Card accepts bad-credit applicants. Instead, you’ll likely need at least fair credit or better to qualify.

What is the easiest jewelry store to get credit from?

The easiest jewelry credit card to get is pretty much any jewelry credit card, including those from Helzberg Diamonds, Iddeal Jewelry, and Zales. You have about the same chance of getting all of them because they all are store cards that require fair credit (640+) for approval.

Can you buy an engagement ring on a payment plan?

Can you finance an engagement ring? You do have the option of financing a ring with a loan arranged through your jeweler. … Depending on the price of the ring, consumers enjoy 0% APR for the first six, 12 or 18 months after purchasing. If you choose a longer payment plan, with equal payments, there’s a 9.99% APR.

How many leases can you have with progressive leasing?

Yes! Progressive Leasing may allow you to have more than one active lease-to-own agreement at a time. Each lease-to-own agreement will require a new lease-to-own application approval and initial payment.

What credit score is needed for progressive leasing?

While no credit history is required, Progressive obtains information from consumer reporting agencies in connection with lease application. 90-day purchase option includes a markup over invoice price.

Can you finance jewelry with bad credit?

Yes, you can! Plus, bad credit engagement ring financing typically covers other jewelry purchases as well. You should be aware that with any subprime or secondary financing, rates and terms might be less forgiving than a traditional bank loan, but some options are better than others.

Can you lease an engagement ring?

Lease-to-own options to purchase your engagement ring can work, but make sure that you fully understand the terms, payment schedule and 90-day purchase option or else you can ending paying more then double the retail price. …

What jewelry stores approve bad credit?

16 Jewelry Stores With Easy Credit Approval (Some for No/Bad Credit)Blue Nile.Reeds Jewelers.SuperJeweler.Kay Jewelers.Zales.Gage Diamonds.Ice Jewelry.Jared the Galleria of Jewelry.More items…•

Is Progressive Leasing worth it?

I would highly recommend Progressive Leasing for those situations when you need something and don’t have the cash. I do suggest the 90 day payoff so you don’t get stuck in the long term contract. The interest rate is very high.