Pawn My Handbag
- FCA Regulated (Authorisation Number: 673568)
- No monthly payments and pay nothing until the end of loan term
- Loans of up to £200,000
- Cash in as little as 2 hours
- No credit checks
- No risk to credit - credit score isn’t affected
- No hidden fees
- Financial flexibility without giving up ownership permanently
- Discreet locations with 24/7 surveillance
- Settle early, pay less
- Fast, friendly & professional
- Confidentiality assured
- UK-wide service
Representative Example
Representative
APR
67.6%
Loan
Example
£25,000
Total Repayable
in 7 months
£33,750
Total Charge
for Credit
£8,750
Interest
Rate
60%
How to pawn your handbag
Designer handbags such as Louis Vuitton, Chanel, Dior, Birkin, Hermes and Valentino can be worth a large sum of money: we have developed our pawn service to enable clients to release funds against their value.
Pawning your handbag is an effective method of raising finance quickly to cover unforeseen expenditures, home improvements, and other needs. We accept both used and new designer handbags: each will be assessed for wear and tear and will require original packaging, together with purchase receipts.
We will consider all types of designer handbags including tote bags, shoulder bags, crossbody bags, and others. If you have a collection, we can evaluate them and advise you on which bag will secure the best loan amount – you may find that a used crocodile Hermes is valued higher than a brand-new Louis Vuitton, for example.
Please note the minimum value we accept for handbag trade-ins is £2,000.
Frequently Asked Questions
To comply with anti-money laundering legislation and to help protect our customers and guard against theft and fraud, we need to establish and verify the identity and address of all customers. You will be asked to provide a minimum of three documents: one to confirm identity, such as a passport or driving licence, another to confirm address such as a recent utility bill or bank statement & documentation in respect of the item of handbag used for security such as paperwork. We may in some instances require proof of ownership by way of a purchase invoice.
Yes, we ask for both the original packaging and purchase receipt when pawning a designer handbag. These items help us verify authenticity and can positively influence the value of your loan.
We provide loans against luxury items such as authentic designer handbags.
Valuables such as designer handbags are stored in our secured vaults.
The quickest & easiest way to get an idea of value & how much you may be able to borrow would be to complete our online enquiry form and provide clear photographs of the item(s).
You can also send pictures via our WhatsApp service on 07789 780777. Our team usually respond very quickly to all enquiries.
As a loan we would usually offer up to 65% of trade values.
You will need to repay the original loan amount, plus the interest incurred to complete the agreement.
No, we do not carry out credit checks on Asset Finance / Pawnbroking loans. However, for your peace of mind, we may check items against a stolen goods register.
The agreement is a regulated standard Pawnbroking contract for 7 months, with an option to renew.
Yes, you can obtain the handbag back at any point during the agreed period by settling the loan. If you choose to settle the loan early you would receive an early settlement discount.
At the end of the agreement we would be happy to discuss renewing the loan with you. This would mean that you would have to pay the interest only up to date.
In the event that you are unable to pay the interest or loan at the end of the contract, your asset will be sold. The funds generated from the sale will be used to clear your loan, as well as any interest or costs associated with the sale. Please note: any surplus funds will be returned to you.
Your handbag will be offered for sale at an auction or by private treaty.
