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 ideal solution if you need a cash infusion fast and will have funds available to repay within the near future. For example, it’s perfect for making payroll when funds are tight, when your cash is tied up in cryptocurrency, or closing a real estate deal. Anyone with an acceptable asset can get a collateral loan, since collateral loan terms are not determined by one’s credit or ability to repay. Plus, collateral loans are fast, easy, and confidential.

At Qollateral, we offer instant cash payment to our clients borrowing against Chanel or Hermès handbags. From start to finish, your appointment will take no longer than one hour, and you’ll walk out with cash in hand, or with the funds transferred to your bank account if you prefer.

We make it as easy and convenient as possible to get a collateral loan. There’s no tiresome paperwork, no pressure, and we pride ourselves on making the experience as pleasant and comfortable as possible, with white glove service and down-to-earth, friendly 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.

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All content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. Qollateral, LLC is not a fiduciary by virtue of any person’s use of or access to the Site or any content contained therein. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content on the Site before making any decisions based on such information or other content. In exchange for using the Site, you agree not to hold Qollateral, LLC, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision you make based on information or other content made available to you through the Site.

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