When people talk about pawn shops and pledges, they always refer to personal items like jewelry, precious stones and other sort of valuables but did you know that designer hand bags can also be used as collateral? They serve to be as great collateral as they are valuable and can be resold at a good price. If you have a lot of handbags then you would be able to use them as collateral and get the loans that you want but the only problem is that there are not many pawn broker shops that will accept designer hands bags as pledges so if you want to use them for this purpose then you would need to work a little bit hard and find a pawn shop that will take them. One great pawn broker shop that we came across is https://www.fishpawnbrokers.co.uk/services/loan-against-handbags/ and they give loan in exchange for designer handbags as pawns but let us now see how your bags would be judged when you would go to a pawn broker shop.
One of the most important thing about designer handbags is the brand name i.e. the company that has produced it. The value of your handbag would depend upon the brand of the bag so you would need to remember that when you take it to a pawn shop.
The materials that are used to manufacture the bag are important as they would determine the value.
The design matters a lot because if the design has gone out of trend then the value of the bag might go down.
The condition of the bag is one of the most important factors so your bag would be appraised on the basis of zips, straps, studs etc.