Do You Need Quick Cash? Cash in on Your Fine Jewelry
Are you looking for ways to make quick cash to pay off some upcoming bills? Do you wonder if you could get money for gold or for diamonds that you have sitting in a drawer or safe?
Learn about using your jewelry and gold for a collateral loan. Doing so can help you find a way to get cash for fine jewelry if you're in a pinch. Green Hills Jewelry and Loan is a Nashville provider that can help you fast!
What Is a Collateral Loan?
First things first, let's talk about what a collateral loan is. How are you able to use your jewelry to get quick cash? Does it require you to trade in your jewelry for the money? No, it doesn't!
Collateral loans use the "collateral value" of your belongings to dictate how much money you can receive in quick cash.
The term "collateral value" refers to the fair market value of your assets. But how is that value determined? Are you at the mercy of however much someone else values your assets?
We use a particular process to evaluate any jewelry that you have. We determine the value by evaluating recent sales prices on the asset that you offer as collateral, as well as having it appraised by our experts.
For example, let's say that you have a Rolex watch you wish to use to secure a collateral loan in Nashville.
We would begin by looking into sales prices of that Rolex's model, movements, collection, materials, age, wear, features, etc. Then, we'd have one of our qualified experts appraise it. We use those two values to determine the amount of your collateral loan.
What Types of Jewelry Qualify for a Collateral Loan?
If you're going to use a collateral loan to receive some quick cash, you want to make sure it qualifies for our services.
Here are the types of jewelry that we accept as collateral for a loan:
Luxury watches: includes brands such as Rolex, Cartier, Omega, Tag Heuer, and Breitling
• Precious metals such as gold, silver, and platinum
• Loose diamonds of .50 carat or larger: can be certified or non-certified
• Coins, gold bullion, and scrap
• Fine jewelry: includes designer pieces such as Tiffany & Co., Graff, Cartier, and David Yurman
Adding to that, we also accept colored diamonds. We're open to any level of saturation, hue, or tone; however, those factors will determine the value of your collateral loan.
If you want to use precious metals for your loan, you should know three factors we consider:
• Condition
• Purity, and
• Weight
Lastly, for those of you wanting to use luxury watches as collateral, there are a few different ways you can get a higher value for your watch.
Bring us any documentation on the watch's authenticity and proof of ownership. Also, any receipts you have for service on the watch can help you get more cash.
How to Get Quick Cash for Fine Jewelry
Now that you understand what a collateral loan is, how can you use your fine jewelry to get quick cash? Just follow these three steps!
1. Bring Us the Jewelry
To get started, all you have to do is bring us the fine jewelry that you want to use as collateral.
Using the list of fine jewelry above, you can determine which items you're comfortable using to get an offer. The jewelry you bring will determine how much we can offer.
Make sure that you bring all of the appropriate documentation that proves appraisals, proof of ownership, and any services/maintenance you've had done to the item(s). If you have some or none of these items, you can still bring it in.
We treat jewelry with care. Our entire team consists of qualified professionals that provide discreet and respectful service.
2. Get Your Jewelry Evaluated
Once you bring your fine jewelry to our Nashville location, we can begin the evaluation process; this doesn't require any extra effort on your end. Simply bring your items in for an evaluation, and we'll handle the rest.
Our experts will appraise each item you bring in and give you a collateral value. We'll then inform you of the value of your assets and how much we can offer you as a loan.
Keep in mind; this is a no-obligation offer. That means that you can choose whether or not to accept our offer without any penalty or fees if you decline.
3. Receive Your Cash
Of course, you've brought in your jewelry to our location for one reason: to get the quick cash that you need.
Once we give you our quote, you can choose whether you wish to accept it. If you choose to accept it, we'll highlight the details of our loan and get everything else squared away.
We pride ourselves on offering same-day pay. Should you accept our collateral loan quote, we'll hand you the cash so that you can use it however you need to. No credit checks.
Once you've paid off the loan, you'll receive your assets back right away!
Get Quick Cash Using Your Fine Jewelry
Now that you have read an in-depth guide on how you can receive quick cash with your fine jewelry, be sure to use this information to your advantage.
Take the time to read this article for more information on what you need to know for using gold as collateral. To get started, simply call us at 615-972-9125 and schedule a time to get your assets appraised!
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