Whether it’s a tailored suit, designer handbag or statement shoes, investing in high-end fashion is often seen as an investment in one’s status and personal style. However, these luxury items come with a hefty price tag that can derail even the most well-planned budget.

Fortunately, designer item loans for designer clothes have become increasingly available, allowing consumers to make their dream wardrobe a reality without draining their bank accounts. From credit cards to retail finance and “buy now, pay later” services, this article explores how you can finance your designer closet while still keeping your finances in check.

Credit cards are a popular method of purchasing designer clothing because they typically offer 0% interest for an introductory period, making it cost-effective to buy luxury goods with these types of cards. However, high-interest rates after the introductory period can lead to debt accumulation if not paid off on time, so it’s important to evaluate your financial situation before applying for a new card.

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Retail finance and “buy now, pay later” options like Klarna, Clearpay and Laybuy allow you to purchase luxury items by paying for them in fixed instalments over a set period of time. These services are often offered by designer retailers, which reduces the application process and allows customers to use the same payment account across multiple purchases. A personal loan is also an option, and companies like Kandoo, a UK-based retail finance broker, can assist with sourcing a lender that offers competitive and flexible loan terms to fit your lifestyle.