Did you know you could build business credit with jewelry, self care, and home decor purchases through JJ Gold? Well, you can—But, is it worth it? I mean, JJ Gold isn’t the only account that offers net 30 terms and reports to business credit bureaus.
Here, we’ll take a close look at JJ Gold’s net 30 offer, minimum purchase requirements, and more. I’ll also share links to some of your other options that could help you accomplish the same end-goal and answer some of the top questions people ask.
This is what’s in store:
- What is JJ Gold Net 30?
- How to Apply for JJ Gold Net 30 Terms to Build Business Credit
- Frequently Asked Questions
- Conclusion
Now, let’s dive in!
What is JJ Gold Net 30?
JJ Gold’s main brand – Lauren G Adams – is particularly known for its colorful enamel jewelry and bold designs. After almost 30 years in business, they’ve expanded their offering beyond jewelry to cater to various personal needs and preferences.
Today, JJ Gold International is an online retailer that offers a variety of products, including:
- Hair & beauty
- Jewelry
- Home decor
- Personal accessories
- Eyewear
They offer products for both men and women.
As for “JJ Gold net 30,” this refers to payment terms where the customer has 30 days from the date of invoice to pay for the goods or services. So, JJ Gold International offers products with “net 30” payment terms, and this means you have 30 days to pay for their purchases after receiving an invoice.
For new customers, JJ Gold only provides net 30 terms on 50% of purchases, meaning you have 30 days to pay for half of your order after receiving an invoice—For the remaining 50% of purchases, you would need to pay upfront.
These drawbacks, however, aren’t necessarily deal breakers. I mean, it’s the only net 30 offer I know of that sells jewelry. And, you can save 10% on your first purchase with vendor credit by subscribing to their newsletter.
You might also like: This is How to Get Grainger Net 30 Terms (+Build Business Credit)
Can JJ Gold Net 30 Help You Build Business Credit?
JJ Gold Net 30 reports to Dun & Bradstreet and Experian, which can help you build business credit as long as you pay your account on time.
Any overdue or unpaid balances will incur a late fee of $25.00 after the due date has passed, plus a 17.99% annual APR interest charge until the balance is paid in full.
If you sign up for the Credit Plus Plan, you’ll agree to monthly automatic payments of $9.99. As a plan holder, you won’t be charged late fees or annual APR for past due invoices for the first 15 days after the original invoice due date.
Keep in mind, one net 30 account that reports to business credit bureaus typically isn’t enough to help you obtain larger lines of credit.
Recommended: Using 30 Day Net Vendors to Build Your Business Credit Score
JJ Gold Net 30 Requirements
To qualify for a JJ Gold net 30 account, businesses must meet specific criteria.
The requirements include:
- Active, registered business based in the U.S.
- Have been in business for at least 30 days
- Maintain a clean business history, free from late payments or derogatory reporting
- Possess an Employer Identification Number (EIN) and a Data Universal Numbering System (DUNS) number
If you can meet these terms, you can consider applying.
Recommended: 41 Companies That Help Build Business Credit [Beyond Net 30 Vendors]
Company Overview
JJ Gold International, Inc. is a Florida for-profit corporation that was established on March 19, 1986. The company is currently active and operates out of its principal address at 383 NE 2nd Ave, Hallandale Beach, FL 33009. The registered agent for the company is Joseph Ovadia,who serves as the President and Director.
The company has maintained its compliance by consistently filing annual reports. Though it appears that JJ Gold filed for a reinstatement with the Florida Division of Corporations on October 25, 2010, which indicates they may have been inactive for a while.
JJ Gold International, Inc. has an A+ rating with the Better Business Bureau (BBB), but is not BBB accredited. Over the past three years, they’ve garnered only one complaint, which was resolved right away.
They don’t have much of an online presence other than a handful of (completely positive) reviews scattered across social media sites like Facebook. And, I couldn’t find a single open lawsuit—So, while there aren’t a ton of online trust signals, everything I did find looks promising.
In sum, JJ Gold seems to be a legit company that can help you build business credit.
Recommended: This is How to Build Business Credit Fast [Step-by-Step Guide]
How to Apply for JJ Gold Net 30 Terms to Build Business Credit
Before applying for JJ Gold Net 30 terms, ensure that your business meets specific eligibility criteria. Once you’re ready, here’s how to make it happen.
1. Have Your Documentation Handy
Gather all necessary documentation before starting the application process.
This includes your:
- Business registration information
- EIN
- DUNS number
- A digital copy of your (the owner’s) photo ID
- A business bill or bank statement
These documents help verify the legitimacy and identity of your business. Make sure that all documentation is up-to-date and accurately reflects your business information.
2. Review the Purchase Requirements
Before applying for JJ Gold Net 30 terms, ensure that your intended purchase meets the minimum requirement. JJ Gold International typically requires a minimum purchase amount – $80 – to qualify for Net 30 terms.
Consider your business needs and plan your purchase accordingly to meet the conditions of the terms.
3. Submit Your Application
Once you’ve confirmed eligibility and prepared all necessary documentation, proceed to submit your application. Visit the JJ Gold International website and locate the application page for Net 30 accounts.
Fill out the application form accurately, providing all required information and documentation. Take your time to double-check the information entered to avoid any errors or delays in the application process.
4. Wait for Approval
After submitting your application, be patient and allow JJ Gold International time to review it. The approval process may take some time as they assess your business’s eligibility and creditworthiness. While waiting, you can follow up periodically if there are any updates or inquiries regarding your application status.
If your application is approved, you’ll receive confirmation from JJ Gold International. This confirmation may come via email or through the online portal where you submitted your application. Review the confirmation carefully and take note of any instructions or next steps provided.
5. Start Using Your Account
Once you’ve received confirmation of approval, you can start using your JJ Gold Net 30 account to make purchases. Ensure that you understand the payment terms and adhere to them consistently.
If this is your first order, you’re only eligible for 50% net 30 financing, so order at least $160 to make sure your payment is reported to D&B and Experian.
Making timely payments is crucial to build your business credit and maintain a positive relationship with JJ Gold. Consider setting up reminders or automated payments to avoid missing deadlines and negatively impacting your credit profile.
Frequently Asked Questions
What is the minimum for JJ Gold net 30?
JJ Gold net 30 typically requires a minimum purchase amount, often set at $80, to qualify for reporting to business credit bureaus.
How many net 30 accounts do I need?
While having multiple net 30 accounts can diversify your credit profile, having just one can also help build business credit. The general recommendation is 3-5. In our Business Credit Workshop I teach exactly how to get a perfect business credit score.
Do net 30 accounts build business credit?
Yes, some net 30 accounts can help build business credit if payments are made on time and reported to credit bureaus. Timely payments demonstrate your business’s creditworthiness and can positively impact your credit score over time.
Which net 30 reports to Dun and Bradstreet?
JJ Gold and many other companies report to Dun & Bradstreet, one of the leading business credit bureaus, helping you establish and build your business credit profile.
Conclusion
Still want to build business credit with jewelry purchases through JJ Gold? Here’s the gist of what you need to know.
JJ Gold International offers a range of products, including jewelry. While the net 30 terms give you 30 days to pay invoices, only 50% of purchases qualify—This is a minor hitch that isn’t typical with all net 30 vendors. But, JJ Gold net 30 does report to major credit bureaus, which can help you build business credit if payments are on time.
Keep in mind, building business credit takes careful money management—It’s important to pay bills on time and keep a clean credit history to gain trust and access better credit terms.
Do you want to learn how to obtain up to $100K in business credit in as few as 30 days? Join Business Credit Workshop today!