- Posted by DooksucksV3
Since you know about financing, they also look at your ability to repay the loan in question.
Again, why would a jeweler extend 70K in credit to an unemployed college student with a middle class single mother?
I am still awaiting your reply.
First of all, he put 30k down.
Second of all, if this is a jeweler that deals with athletes and young African American athletes I bet he deals like this all the time. It is not like he went to Kay Jewelers.
How would the jeweler know what Lance's mother's situation was.
Lastly, as I have said before, I have purchased jewelry and put a deposit down and then received a bill in the mail. No credit was extended. It was understood I would pay the balance when the bill was received. There was no credit check or anything. Difference is, I paid my balance and Lance did not.
You seem to want to ignore the fact that he put 30k down. If he put 30k down, I bet the jeweler thought he was good for the remaining balance.