A girl in search of a rich husband mistakes a millionaire for a male model.

Socially prominent Michael Ashburn, chief assistant for a London loan broker makes a large loan during a closing time to a man for a pair of earrings. He is unaware that the collateral can not be removed from the ears in which they reside, so then Julie becomes part of the collateral.

After a night on the town, Jonathan Blair wakes to find that Texan Valentine Ransome has escorted him home. Valentine is attracted to Jonathan and sets out first to reform him, and his family's near-bankrupt shipping company, and then to marry him. In her way is Jonathan's fiancée, actress Carol Wallace.