Pawning Redefined

Consumer Rights at Pawn Shops

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By Christina Iemma

There are many consumer laws put in place to protect borrowers at  pawn shops, but most people are unaware of them.

These consumer protection laws were designed to protect borrowers from exorbitant fees, high interest rates, predatory lending and discrimination.

Unfortunately, it’s difficult to take advantage of a law if you don’t know about it. Here are a few of the most popular consumer laws to ensure pawn brokers don’t take advantage of you.

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Unexpected Wedding Expenses

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By Angel Chapman

Weddings can be a joyous occasion, until the bills start coming in.

The KNOT recently conducted a survey that looked at the rising costs of weddings. It found that Manhattan is the most expensive place to get married where the average wedding costs $78,464.

Outside of Manhattan, the average cost for a wedding is $35,329, according to that same survey.

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Provident Loan Society of New York – A Trustworthy History

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By: Angel Chapman

It seems like there are pawn shops on every corner in Queens, Brooklyn, the Bronx and even Manhattan. But how do you know which pawn shop will provide the best value for your loan or even the best customer experience?

There are many honest, trustworthy pawn shops throughout New York City, but it is up to you to research the pawnbroker before borrowing money against your item.

Read online customer reviews and get an appraisal so you have a better idea of the value of your jewelry. You can also price compare interest rates and fees to find who has the best lending terms. Many pawn shops post their interest rates and fees on their websites.

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I Like Watches Because They Are Functional Pieces of Jewelry

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by Stephen Thornton, Marketing Assistant
The Provident Loan Society

In this blog, I continue my interview with Anthony LoRe, the Director of Appraisal at The Provident Loan Society. Anthony is a certified gemologist and recognized jewelry expert, who has been featured on WABC Channel 7, WPIX Channel 11, and Fox 5 News. He also hosts the Ask Anthony live blog discussion about jewelry issues on Provident’s Facebook page.

In my previous interview, we discussed how Anthony got started as a jewelry appraiser. Here, he discusses watches (his favorite jewelry) and the pros and cons of watch winders. (more…)

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Know the Worth of Your Jewelry

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By: Christina Iemma 

If you’re thinking about applying for a collateral loan, it’s important to understand the value of your jewelry or gold – before you borrow money against it.

You might love your gold necklace or diamond ring but that doesn’t mean it is as valuable to others. An appraisal will give you a better idea of what your jewelry or gold can bring in the form of a loan before you even walk into the pawn shop.

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