Raising Money from Something SentimentalMay 14, 2022
You will make various decisions depending on what you have, how much money you need to raise when you need the money, and if you are willing to part with the goods. When deciding whether to sell or make your diamonds and jewelry as collateral, analyze both choices and choose which is best for you.
It is understandable how important your jewelry is to you. They might have a sentimental value, so you are afraid to lend them to someone’s hand, knowing that something bad may happen—whether they will be lost or stolen. But have no worries because your gold and stones are safe with M Lhuillier.
The apparent advantage of making your valued item a collateral for a loan is that you are not leaving with them permanently. M Lhuillier will only temporarily hand over your precious items until the full loan and interest have been paid. It is a short-term option that allows you to satisfy tiny financial obligations without having to sell your sentimental items.
The best thing about entrusting your items to M Lhuillier is that they offer high appraisals and low-interest rates. Every M Lhuillier branch across the country is equipped with 24/7 CCTV, fire alarms, and a monitored security system to ensure that your valued items are safe and will not be stolen.
To apply for a Quick Cash Loan with your jewelry as collateral, all you need to do is fill out the provided form and present a valid ID. For appraisal, you just need to give your valuable item to the ML Front Line Associate and then get both your cash and loan ticket.
Should you pay up the full loan and the interest, you only have to hand over the signed loan ticket to the branch personnel, including your valid ID. Once done, you may now have your item back.
And if, in any case, you need to renew or extend your loan, you just need to hand over the signed ticket to the branch personnel, including your valid ID and affix your signature on the new loan ticket. Right after that, you can now claim your new loan ticket and have your loan renewed.
It is very easy to get cash for something sentimental for you. You can turn your items into cash to pay your bills and other daily needs quickly and easily without worrying about your items being stolen or lost. In fact, you can always trust M Lhuillier when it comes to making your valuable items as your loan’s collateral.