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Unconventional Engagement Rings – Part 1

In this blog, we’ll discuss some alternatives to traditional engagement rings. Rings have been used as tokens of love, devotion, and fidelity for millennia. But why settle for conventional engagement and wedding rings? A raised diamond set in gold or platinum is only one option! In this blog, I will discuss some alternatives to traditional […]

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What does APR mean?

You may see the term APR interest and wonder, “what is it?” APR stands for Annual Percentage Rate, also known as the interest rate you pay for a loan for the entire year. The APR is applied to a loan, credit card, mortgage or even a collateral loan.

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Consumer Rights at Pawn Shops

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. […]

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Unexpected Wedding Expenses

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, […]

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I Like Watches Because They Are Functional Pieces of Jewelry

What is your favorite piece of jewelry and why? I’m a watch person. A lot of people do not consider watches as jewelry, although I would beg to differ, especially if you have a gold or platinum watch. I like them because they are functional pieces of jewelry. How have watches changed since you got […]

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So You Want to Be a Jewelry Appraiser

  In this blog, I interviewed 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 […]

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How Pawnshops Determine an Item’s Value – Part 1

In this blog, I’ll discuss three easy steps to estimate the value of an item to pawn: The “magnet test” to determine if the item is a precious metal Looking for metal purity markings (“k,”, “ct,” and “ster”) Weighing the item on a jewelry scale I’m often asked how Provident Loan determines the value of […]

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Payday Loans Are Prohibited in New York

The State of New York has banned payday loans, but you wouldn’t know it by checking the web. Google “payday loans NYC,” and you will see dozens of local businesses offering payday loans, even though it’s illegal in New York to make these loans in person, online, or over the phone.   According to the […]

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Why Are Millennials Turning to Payday Loans and Pawnshops?

Pawnshops and payday loans are becoming popular sources of fast cash for millennials who need instant help to pay their debts, according to a study by the Global Financial Literacy Excellence Center. Their research found that 42 percent of millennials have used alternative financial services as sources for short-term loans. Roughly 28 percent of college-educated millennials from ages […]

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