Have you been thinking of getting a tattoo, but you cannot afford it? Perhaps, you have been saving up for a new tattoo, but it is still not enough?
You have been itching to get a new tattoo, but you cannot decide as a piece costs a lot. Worry no more! You can achieve your dream tattoo as tattoo shops offer tattoo financing.
Due to the increasing number of people getting tattoos, more and more tattoo shops offer several options for their customers. This includes cash, debit/credit cards, and customer financing in tattoo shops.
So, if you are worried about being unable to afford a new tattoo, it is best to find out several ways to finance them.
In this article, we will discuss the available options to get financing for tattoos and what is the suitable choice for you.
Some people want to get a new tattoo; however, they do not have enough cash. To help them achieve the tattoo they have wanted, tattoo shops offer various financing options. This allows them to choose a suitable payment program for them.
Imagine getting the tattoo of your dreams without worrying about the payment you need to pay upfront. It is now possible to get a tattoo and pay for its cost over time with all the available options.
Some tattoo shops offer payment plans and loans to customers. Also, several loan companies specialize in loans for tattoos. Customers can choose from the available financing options: Buy Now Pay Later, split payments, installment loans, and low APR.
BNPL is short-term financing that allows customers to get a tattoo and pay for them at a future date, often without interest. This option has become popular as it can be convenient for customers.
With BNPL, customers usually make an initial payment then pay the rest in a predetermined number of installments. You can pay through a check or bank transfer. Payments may also automatically be deducted from your bank account, debit card, or credit card.
Split payment uses multiple payment sources to pay the entire costs of a single transaction. This means you can get your tattoo and pay for it through several sources.
This payment option is convenient for customers who have a daily spending limit on their debit cards or do not want to go above their credit card limit.
Through split payments, you can get the tattoo design you want without going over the limits of your debit or credit cards.
An installment loan provides you with a fixed amount of money that you have to pay with a regular schedule of payments. Every payment on an installment loan includes repayment of a portion of principal and interest on the debt.
So, with an installment loan, you can get the tattoo you want and pay its price every month with interest. The advantages of this payment method include flexible terms and lower interest rates.
APR means the annual percentage rate. This tells you how much you will pay if you carry a balance on your credit card. Therefore, it is vital to get a lower APR if you revolve a balance on your credit card.
If you have good credit scores, you are more likely to get a lower interest rate. This means you can get a loan for your tattoo with lower interest.
Tattoo financing involves several procedures, but it does not take long to get approval and complete the process. To give you an idea of how tattoo financing often works, here’s the procedure you may follow:
Get a quote from a tattoo studio or artists and look for a financing company that offers tattoo financing online.
Fill out their online form and provide the necessary information they need. This includes the name of the artist or studio you will be using and how much the tattoo will be.
- Get Approval
Once the financing company receives all the information, they will respond to you as soon as possible to let you know if your loan application is approved.
If your application is approved, they will contact your chosen studio or artist to let them know that your tattoo financing has been approved for the quoted amount.
- Financing Company Pays the Studio
Then you have to book an appointment with the artist or studio, and the financing company will do it on your behalf.
You will repay the financing company via debit order, bank transfer, or credit card. Once you have paid off your loan, you may get another tattoo and start the process again.
If you have a tattoo design you really wanted but have not because you do not have enough cash, worry no more! You can find shops and loans that can help you achieve your dream tattoo. There are heaps of loan companies that can offer you the perfect payment option for you.