Pawning Redefined

Different Types of Jewelry Appraisals – Part 3

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By C.M. St. John, Appraiser

Provident Loan Society

 

In this blog, we’ll discuss:

  • Using replacement cost estimates for insurance purposes.
  • Using replacement cost estimates to justify seller’s prices.

 

In my last blog, I discussed the difference between insurance appraisals (the cost to replace or compensate for jewelry that is lost, stolen, or damaged) and fair market value appraisals (the price a jewelry item would get if sold in a particular market). (more…)

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Exceptional Service Stories: The Forgotten Masonic Ring

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By Stephen Thornton, Marketing Assistant

Provident Loan Society

In our Stories from the Vault blog series, we share interesting anecdotes from the staff of Provident Loan Society—the country’s only not-for-profit pawnshop. In his 43 years with the organization, VP/Chief Operation Officer John Higney has accumulated many amusing stories and has been kind enough to share one of them about the importance of “going the extra mile” for a customer. (more…)

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Best Pawn Shops in NYC – A Price Comparison between NYC Pawn Shops

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By: Weiqing Sun

Type on Google, “Best Pawn Shops in NYC,” and you will see links to more than 400,000 pawn shops across Manhattan, the Bronx, Queens, Staten Island and Brooklyn.

But, just because a pawn shop is listed on Google as the “best pawnshop in NYC”, that doesn’t mean you are getting the best interest rates. (more…)

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Interest Rate Comparison — Cash Advances vs. Collateral Loans

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By: Alexa Eskenazi

When in need of immediate cash, many consumers shoot before they aim and sign off on the first opportunity they see.

There are many options to acquire cash instantly — like a cash advance from your credit card or cash secured by your jewelry — also known as a collateral loan. But the amount of money you ultimately end up paying for that quick cash varies drastically depending on the option you take. (more…)

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The Military Lending Act – Consumer Protection Lending Law

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By: Lily Wang

The Department of Defense recently passed a revamped version of the Military Lending Act (MLA), which will make it more affordable for active military and their family members to borrow money.
The Military Lending Act can really benefit service members and their families, so it is important that more awareness is raised about its specific protections. (more…)

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