FAQ

FAQ

How to Borrow Against Your Chanel or Hermès Handbag in NYC?

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.

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.

Is It Safe To Borrow Against A Luxury Watch In NYC?

Cash is tight, and you’re considering borrowing against your luxury watch in NYC. One of the first things you’re wondering is going to be «is it safe?» Will you and your luxury watch be safe during your visit, will your watch be safe throughout the length of your asset loan, and when you’ve returned to collect your luxury watch, how can you be sure it’s the same authentic watch you’ve dropped off? Pawnshops have a bit of a reputation, but we’re not your average pawnshop.

At Qollateral, we’ve completely reinvented the pawnshop. Ours is the best pawnshop in NYC for a reason, and possibly the top reason is that security is our number one priority.

Here’s how our security standards make it incredibly safe to borrow against your luxury watch in NYC:

Our visits are by appointment only. Nobody comes in or out of our offices without an appointment for security reasons.
Our offices are located in the highest security building in Manhattan. We are located in the International Gem Tower, which is also home to the Gemological Institute of America.
Our vaults are state of the art. Using the latest in security technology, our vaults are impenetrable. Your assets are, without a doubt, safer in our offices than anywhere else in NYC.
Everything is completely confidential. From our first phone call to the time you come back to pick up your luxury watch, what happens at Qollateral stays at Qollateral, like it never even happened.
Your items will be returned to you exactly as you left them. We’ve built a business that is based on trust, and we are not willing to compromise deceiving a single client ever. It’s not in our nature, and it’s certainly not in our best interest. Still, it’s normal for our clients to want to check for themselves, so we’ve also shared a few tips to check that your watch is authentic and completely unchanged.

How to Spot a Fake Luxury Watch?

How can you be sure that the luxury watch you’ve borrowed against has not been replaced with a counterfeit? Here are some of the top tips from our team of industry experts on how to spot a fake luxury watch.

First, check the serial number. It should be the same on the case and the bracelet. You’ll also want to Google the serial number to make sure there is no duplicate online.
Weigh the watch before and after. Changes in the weight of your luxury watch are one of the easiest signs to spot when there’s been foul play.
Document your watch heavily beforehand, with both written notes and photos. Photos are great, but they’re not enough because depending on the quality of the image and the lighting, some flaws or wear can be missed. Be as thorough as possible in noting every detail before borrowing against your luxury watch so that you have a good basis of comparison.
Check all writing and engraving on the watch. The fonts and logo should be consistent with your watch model. If you haven’t taken pictures before dropping off your watch, you can google the images of your model, but just be careful to make sure the images are directly from the brand or a reputable retailer, not a third party seller, as their photos may not be of the authentic watch.
Pay attention to the coloring of your watch. If parts have been swapped out, sometimes a slight mismatch is all it takes to spot.
Examine features. Check the hands, dial, and any signature features of the watch such as gems or moon phases.
Inspect paperwork. Don’t forget to also inspect the certificate of authenticity and any accompanying documentation, as well as any packaging. These help maximize the value of your luxury watch, so you’ll want to make sure everything is authentic and undamaged.

We can guarantee that you won’t need any of the above tips when you’re trusting us with your luxury watch, but it still gives great peace of mind to know how to spot a fake luxury watch. Let’s say you want to check it after sending it in for regular maintenance, for example, or even after lending it to a friend or family member. In sum, we can safely say (pun intended) that borrowing against your luxury watch at Qollateral is as safe as you can get. We can’t speak for the others, but we don’t think we need to. Our white-glove service, absolute discretion, and instant cash payments speak for themselves. To book an appointment for a no-pressure cash loan offer, give us a call or drop us a line here.

Why Qollateral is the Best Gold Loan Provider in NYC?

If you’re considering a home equity line of credit, HELOC, we can do you one better. Meet the GELOC, Gold Equity Line of Credit. At Qollateral, we provide a revolving equity line of credit on precious metals, luxury jewelry, luxury watches, bullion, and numismatic and collectible coins. We call it GELOC, and it’s similar to a collateral loan against gold, but instead of one same-day cash payment, you can access same-day cash payments up to the total value of your gold over an extended period of time. Let’s dive right into what exactly a gold equity line of credit is and what its many benefits are.

What Is A GELOC?

GELOC is Qollateral’s coined term for a gold equity line of credit. It’s an open line of credit that allows you to obtain cash funds on an ongoing basis up to the total estimated value of your gold assets. It’s as simple and quick as a collateral loan, but it’s longer-term, and you can borrow as much or as little cash as you need against your gold assets, whenever you need it. It is the ultimate capital safety net.

For the length of your GELOC, your gold assets will be waiting for you in one of our ultra-secure vaults. It’s an excellent way to take advantage of your gold assets.

Why Consider A Gold Equity Line Of Credit?

There are many reasons you would want to consider a gold equity line of credit. Many of us have gold assets already that are not serving us on a daily basis, such as old gold jewelry. Instead of keeping your gold stored at home, we’ll keep it stored in one of our state-of-the-art vaults. Most likely, they’ll be safer there, and they’ll be put to good use. It’s much more desirable to use these gold assets for a revolving line of credit than your home or a credit card cash advance if you think you’ll need a cash flow solution that will last for a few years. It’s not as risky, and it’s a lot faster.

For one, a GELOC does not require a credit check. Like a collateral loan, your loan value is determined uniquely on the value of your gold assets, not your ability to pay. Similarly, there is not the same amount of paperwork as a HELOC. The process for establishing a line of credit against your gold at Qollateral is the same quick and easy process our clients love when getting a collateral loan. Simply book an appointment to have your gold appraised by one of our friendly and knowledgeable experts, sign our succinct and easy-to-understand contract agreeing to the terms of your revolving line of credit, and access your cash instantaneously whenever you need it.

Another huge plus is that right now is a particularly advantageous time to borrow against your gold, with gold trading prices currently at a record high of $2,000 per ounce. Gold trading prices are famously erratic, fluctuating wildly and nearly impossible to predict, so if you are considering selling or borrowing against gold, now’s the time. Our clients are always surprised to see just how much their gold is worth when they come in to borrow or sell.

At Qollateral, we have the highest loan value in the industry for borrowing against gold. We recommend booking an appointment to come in for a no-pressure appraisal to get an idea of what your gold assets are worth. We buy and loan against gold coins, bullion, jewelry, and watches. To get an idea of what assets we most frequently buy or loan against, visit the Sell an asset page of our website.

How to Get the Most Value from Your Luxury Watch?

At Qollateral, we are passionate about luxury watches. Not only are they a pleasure to wear and enjoy, but they are also a fantastic financial investment. The majority of luxury watches retain their value well and can easily be converted into cash when you need it, either by selling or through a collateral loan. If you have invested or are considering investing in a luxury watch, there are a few things you can do to protect that investment and maximize its value. We’ve gathered our top tips to help you get the most value out of your luxury watch.

Why Pawning Is a Financial Decision Worth Celebrating?

We are passionate about pawning here at Qollateral, which should come as no surprise, as we’ve been named the best pawn shop in NYC by our clients. We have seen so many new clients or individuals who are unfamiliar with collateral loans surprised to learn how simple and fast pawning is (at Qollateral, anyway). Many people don’t think of pawning as an option for a transitory cash flow issue, or they have some preconceived ideas about pawning. When we say it’s easy and quick to borrow against your asset at Qollateral, we mean it. Same-day payments, no hidden agenda, no obnoxious forms or credit checks—it’s beyond simple.

Is a collateral loan a good idea?

What we really wish more people knew is that collateral loans are a seriously smart financial move. It’s nothing to feel embarrassed about or worried about—on the contrary, pawning should be celebrated. For those finding themselves short of cash temporarily, an asset loan could be what saves you from having to sell assets, laboriously apply for a personal or business loan, remortgage your home at an ungodly interest rate, or even declare bankruptcy. We see the power of pawning firsthand on a day-to-day basis, and we want you to know, the overwhelming majority are happy endings.

Is pawning safe?

If you’re thinking about the street-level pawn shop with bullet-proof plexiglass and an untrustworthy salesperson with some shady pitches, this is not that. Qollateral is a luxurious, reputable, and highly secure establishment with offices in the International Gem Tower in the diamond district of NYC. We work by appointment only, inviting you in with all the privacy and decorum that you deserve, serving you up a perfectly frothed cappuccino or a glass of prosecco while you sit down with one of our appraisers. We’ll have you in and out within an hour, with cash in hand, or with your bank wire transfer en route for a same-day payment. You’ll walk out like it never happened. Pick up your asset whenever you’re ready (provided you have an appointment, of course for security reasons). Then, go out and celebrate!

How do I decide if a collateral loan is right for me or for my business?

Generally, if your cash flow issue is short-term, a collateral loan is hands-down the best solution for individuals and businesses. It’s quick, it’s easy, and it’s completely confidential. For all those who may be new to pawning, we say, you don’t have to make any decisions, just make the first call. It can’t hurt to have a completely anonymous conversation with one of our team members, and we guarantee it will set your mind at ease. Our team is super supportive and welcoming, and we will provide you with all the details you need to make an informed decision. There’s never any pressure. We genuinely only want you to move forward with an asset loan if you believe it’s the right decision for you. When we sense that a collateral loan is not the right move mostly for situations where the cash flow shortage is long-term and putting up your heirloom luxury watch for a collateral loan is risky - we won’t hesitate to let you know. We treat you like we would a family member.

Should I Choose a Collateral Loan or Merchant Cash Advance?

Does your business need a cash infusion? We’re here to help you decide whether a collateral loan or a merchant cash advance is better for your business. We promise to give you the facts only. Our business, of course, is collateral loans but our business is also to support you, and that means sharing an unbiased comparison so that you can make an informed decision that suits your unique situation.

What is an MCA?

First, a brief introduction to the merchant cash advance also called an MCA. MCAs are a common solution for business owners who find themselves short on funds. An MCA is not a loan but an advance on future sales as determined by a lender based on your business’s average monthly credit and debit card transactions. There is no standard payment schedule with interest as you would see with a traditional business loan. A fixed percentage of revenue goes to the lender each month for repayment.

Compared to a traditional business loan, an MCA is faster and easier to obtain, in most cases. However, an MCA is often the most costly option. For businesses who need a quick jumpstart, it’s easy to see why an MCA might be appealing. But perhaps they’re missing out on an even better solution, the collateral loan.

How Does a Collateral Loan Compare to an MCA?

We are sincere in saying that many businesses who opt for an MCA would be better off with a collateral loan, provided they have enough value in acceptable assets to put up as collateral. Let’s take a look at the facts to understand why.

A collateral loan is much easier to secure than an MCA. You just need to book an appointment to bring us your asset, sign a quick contract, and receive your cash payment.
You’ll receive your funds faster with a collateral loan. At Qollateral, we provide an instantaneous cash or bank wire transfer payment. No MCA can come close to a same-day payment.
Your revenue remains untouched. With an MCA, you’ll be taking a hit regularly as your advance is repaid. With a collateral loan, you don’t have any payments to make. You simply pick up your asset when your business is financially ready to do so.
A collateral loan is anonymous. Nobody is up in your literal business, reviewing your financials for a collateral loan. Your loan amount is based uniquely on your asset’s value, not your ability to repay. To obtain an MCA, your lender will be required to look over your financials and determine your advance and repayment percentage accordingly.

These are the 4 key reasons you would want to consider a collateral loan instead of an MCA. As you can see, the collateral loan has some significant advantages.

Is an MCA Ever Better Than a Collateral Loan?

Now, in the spirit of transparency and fairness, let’s examine why you’d choose an MCA over a collateral loan. There are two distinct scenarios where you’d want to go with an MCA and not a collateral loan.

You do not have assets of great enough value to meet your business’s financial needs. You can check out our list of acceptable collateral assets here. It’s not an exhaustive list, so we encourage you to reach out if you have any questions.
You are unsure about the ability to repay your loan and reclaim possession of your asset, and you do not want to risk losing your asset. Perhaps your business doesn’t yet have the longevity to determine its estimated financials down the line, or you’re taking a calculated business risk, or you’re hoping to resuscitate your business with a cash infusion but are uncertain of the outcome. The bottom line is that if you are unsure and unwilling to risk the loss of your asset, a collateral loan isn’t going to be the right option.

We hope this helps you make the right decision for your business, and should you decide to opt for a collateral loan we hope you’ll choose Qollateral.

What to Expect Your First Time Pawning at NYC's Best Pawn Shop?

The very word «pawn» has a bit of a reputation.

Maybe your mind goes right to a store-level pawn shop with bulletproof plexi-glass dividers and questionable ethics. Let us reassure you, securing a collateral loan at Qollateral is nothing like that. Throughout the entire process, you’ll feel at ease and cared for. We’ve created a professional and luxurious experience that will change the way you think about pawning.

The first thing you’ll notice at Qollateral is that our security standards couldn’t be any higher.

Located in New York City’s highest security building, the International Gem Tower, our offices are like a fortress. We receive our clients by appointment only. Our philosophy is that security has to be the foundation of our business, because our clients need to feel assured and confident in order to trust us with their prized possessions. We offer complete peace of mind, meeting with you in a relaxed, secure atmosphere over an espresso or a glass of prosecco.

The security doesn’t end there.

You’ll never need to worry about your valuables, which will be securely locked away in our ultra secure vaults, just waiting for you when you’re ready. All collateral is insured by Lloyds of London. Your valuables will be even safer in our offices than when they are in your possession. We understand that some valuables cannot be replaced, sentimentally or because they are no longer in production, so again, we have made security our first priority.

We don’t use any high-pressure sales tactics.

In fact, we don’t use any tactics at all. There’s no need, because if you’re not feeling it, we aren’t either. We promise to offer you a fair deal for your collateral loan, and we will make sure that you feel informed and empowered to make the right decision for yourself. If at any time you have doubts, we will always encourage you to take your time and think it over further.

Once you are ready to get a collateral loan with us, we’ll make the process quick and easy.

There are no lengthy application forms, no credit checks, no hidden fees. Our team will walk you through a short contract, with language that is clear and concise. All you have to do is sign and you’ll be on your way with cash in hand, or a bank wire transfer on its way within the next few hours. It’s that simple.

How to Secure Immediate Funding with Your Luxury Jewelry?

When cash flow is tight, your jewelry could be your best solution. With your luxury jewelry as collateral for a loan, you can get the funds you need instantly. Maybe you have some valuable pieces tucked away in a jewelry box for safekeeping. Instead, they could be stored safely inside a high security vault while you enjoy a little cash infusion.

Why Choose a Collateral Loan?

Collateral loans have a clear advantage when it comes to increasing your cash flow quickly, especially when compared to other loan options such as personal loans, small business loans, and home equity loans. Here are some of the reasons you might want to consider a collateral loan:

It’s much faster. At Qollateral, you receive payment the same day via cash or bank wire transfer.
There’s no credit check involved.
It’s confidential.
You may be able to secure a higher loan with collateral financing.
It’s much easier, at least at Qollateral. Our process is fast, simple, and seamless.

How to Get a Collateral Loan with Your Jewelry?

At Qollateral, the process couldn’t be any easier. You make an appointment, come to our highly secure New York City office with your luxury jewelry, and one of our team members will give you an instant estimate, all while making sure you feel comfortable and cared for. All visits are completely confidential and discreet. There are zero hoops to jump through, just one short, simple contract to sign protecting both parties. We provide same-day payments via cash or bank wire transfer. If you’re unsure, that’s fine too. There is never any pressure. We work for you.

What Happens to My Luxury Jewelry While It’s Held?

Your luxury jewelry will be fully insured and safely stored in one of our state-of-the-art vaults until your loan is repaid. Our offices are located in the highest security building in New York City, the International Gem Tower, so you can feel confident that your pieces are even more secure than if they were in your possession. We understand that luxury jewelry is not only valuable, but also sentimental and sometimes irreplaceable. It is a comfort to know that your treasured pieces are most often safer with us than they are at home.

What Types of Luxury Jewelry Can I Use as Collateral?

Qollateral accepts luxury jewelry brands, including but not limited to Cartier, Tiffany & Co., Van Cleef & Arpels, Harry Winston, and Bulgari. We also accept unbranded jewelry. All forms of jewelry, from necklaces, bracelets, and earrings to engagement rings and wedding bands, are acceptable. We accept diamonds of all cuts and sizes. Our team members have extensive experience handling and appraising luxury jewelry. Your heirloom pieces will be treasured and cared for as if they were our own.

Are There Any Disadvantages to Collateral Lending?

The only disadvantage or risk involved is that if you do not pay back your loan, you risk having to walk away from your asset. It’s important to remember that no matter what kind of loans you choose, there will be some kind of risk if the loan is not repaid. However, in the case of using your jewelry as collateral, you want to be confident beyond a reasonable doubt that you will be able to repay the loan.

We hope this helps you decide if using your luxury jewelry to secure a collateral loan is the right solution for you. We invite you to reach out below if you have any questions or if you’d like to get started.

Why I Should Consider Investing in Gold?

In order to form exceptionally open and trusting relationships, we invite you to familiarize yourself with the most frequently asked questions related to the features of the services we provide.

Looking to sell your luxury assets?

Thinking about a collateral loan?

+1 212 287 5257
info@qollateral.com

FAQ

In order to form exceptionally open and trusting relationships, we invite you to familiarize yourself with the most frequently asked questions related to the features of the services we provide.

Looking to sell your luxury assets?

Thinking about a collateral loan?

+1 212 287 5257info@qollateral.com

+1 212 287 5257
info@qollateral.com