When cash flow is tight, sometimes the best solution is staring us right in the face. If you are lucky enough to have a Chanel or Hermès handbag in your closet, you’ll be pleased to know that these luxury handbags are the ideal assets to secure a collateral loan. They hold their value very well and can prove to be quite the financial safety net. If this is your first experience with collateral loans, here’s everything you need to know.
Why Borrow Against Your Luxury Handbag
Borrowing against your luxury handbag is an excellent option when you need quick cash and can repay it soon. It’s ideal for covering payroll, freeing funds tied up in cryptocurrency, or closing a real estate deal. Anyone with a qualifying asset can secure a collateral loan, as terms are based on the item’s value—not credit or income. Collateral loans are fast, easy, and completely confidential.
At Qollateral, clients borrowing against Chanel or Hermès handbags receive instant cash. The entire appointment takes about an hour, and you’ll leave with cash in hand or funds transferred directly to your bank account.
We keep the process simple and stress-free. There’s no heavy paperwork or pressure—just a smooth, white-glove experience from our friendly, down-to-earth staff.
A collateral loan is completely confidential. There are no credit checks, and your identity will never be disclosed for any reason. We believe in absolute discretion in our offices. What happens at Qollateral stays at Qollateral.
How To Get A Collateral Loan Against Your Chanel or Hermès Handbag in NYC
The first step is to book an appointment to visit our offices in the Diamond District. For security reasons, we accept visits by appointment only. We are located in the International Gem Tower, the most secure building in all of New York City.
At your appointment, we’ll greet you with a cappuccino or your beverage of choice and make you feel at home in one of our private offices. One of our appraisers will examine your handbag and provide you with an estimate, with zero pressure. If you’d like to move forward, you’ll sign a short, straightforward contract, and receive your cash payment on the spot. Alternatively, we can transfer the payment to your bank account instantly. It’s really that simple. That’s why Qollateral has been voted the best pawn shop in NYC.
Throughout the duration of your collateral loan, your Chanel or Hermès handbag will be ultra-secure in one of our state-of-the-art vaults. When you’re ready to pick up your item, simply make another appointment and come for a visit.
Collateral loans are a smart financial move when cash flow is tight in the short-term. No other loan is as fast, simple, and discreet. Plus, many of us have assets laying around that we aren’t using that can easily be turned to cash. Why not make your assets work for you?
How Can I Maximize The Value Of My Luxury Handbag For A Collateral Loan?
In order to get the highest estimated value, we recommend caring for your luxury handbag meticulously.
You’ll also want to keep any of its accompanying documents, including the receipt and certificate of authenticity. We suggest storing those in a plastic sleeve to keep them in pristine condition.
Don’t forget to keep and protect the Chanel or Hermès box your handbag came in, as well as its dust bag. As a rule of thumb, anything involved in the original purchase of your Chanel or Hermès handbag should be present and intact if you wish to maximize the estimated value of your luxury handbag.
When you come in for your appointment, the accompanying documentation and packaging accessories are on our list of things to bring to your collateral loan appointment.
Securing a collateral loan against your Chanel or Hermès handbag in New York City couldn’t be any easier at Qollateral. If you’d like to get an idea of what your Chanel or Hermès handbag is worth, we invite you to make an appointment. We’d be happy to help you, whether you decide to borrow against your handbag or not.
