How bad is it? Why do you want more debt? You have to show that you have an income that can support the payments AND still be able to handle all your other bills. If you are behind on other bills, expect little sympathy or credit. The words "bad credit" should answer much of your question.

You answered your own question.

My friend actually owns a financial company, With bad credit if you apply you will actually make your bad credit worse, because getting refused gets logged too.

Pay off your old bad debt before you get more credit. Put the item on layaway and pay it off over time.

It is doubtful a jewelry store would finance anything if you have bad credit. However, if you did a lay away

and paid towards it as often as you could, they would likely welcome your purchase.