Should I get a collateral loan or sell my item?
At Watch and Wares, you have the option of either requesting a collateral loan on your item(s), or selling those items for cash. Collateral loans offer you the chance to reclaim your actual item at a future date, typically with the loan being a percentage of the price we would purchase your items for; whereas selling provides you with a potentially larger cash amount, but little possibility of item reclamation in the future (a potential factor for sentimental items). Whether you decide to go the route of loan or sale is an intensely personal decision which wholly depends on your individual circumstances on a case-by-case basis, and we will gladly help you with either, or both, processes!
When dealing with collateral loans, you also have some measure of security in regard to your own credit: since you’ve provided us a collateral item to secure the loan, which does not therefore require a credit check, failing to repay on your loan can never affect your credit.