{"id":9460,"date":"2013-08-20T09:00:33","date_gmt":"2013-08-20T13:00:33","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=9460"},"modified":"2013-08-20T08:17:47","modified_gmt":"2013-08-20T12:17:47","slug":"purses-as-collateral","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2013\/purses-as-collateral\/","title":{"rendered":"Purses As Collateral"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/08\/081713_0324_PursesAsCol11.jpg\" width=\"639\" height=\"425\" \/><\/p>\n<p>In Hong Kong if you need a loan, you could offer up your house or car as collateral, or, if you&#8217;d like, your handbag write Riva Gold and Chester Yung:<\/p>\n<ul>\n<li>Yes Lady Finance Co. takes your handbag, has it appraised, and gives you a loan for 80% of the bag&#8217;s value.<\/li>\n<li>The loan is processed and the cash handed over in less than half an hour.<\/li>\n<li>Only bags from Gucci, Chanel, Herm\u00e8s and Louis Vuitton are accepted. Prada purses just might make the cut.<\/li>\n<li>The bag will be returned as long as the owner pays a monthly interest rate of 4%, and reclaims it within four months.<\/li>\n<li>Loans start for as little as US$200, though loans in excess of $20,000 aren&#8217;t unheard of.<\/li>\n<\/ul>\n<p>Read more about the practice, what it&#8217;s called, those who use it, how it was started, and how it works over <a href=\"http:\/\/online.wsj.com\/article\/SB10001424127887323585604579009622161718050.html?mod=wsj_share_tweet\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/online.wsj.com\/article\/SB10001424127887323585604579009622161718050.html?mod=wsj_share_tweet\">The Wall Street Journal<\/a><\/p>\n<p>Via: <a href=\"http:\/\/marginalrevolution.com\/marginalrevolution\/2013\/08\/handbag-backed-loans.html\">Marginal Revolution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Hong Kong if you need a loan, you could offer up your house or car as collateral, or, if you&#8217;d like, your handbag write Riva Gold and Chester Yung: Yes Lady Finance Co. takes your handbag, has it appraised, and gives you a loan for 80% of the bag&#8217;s value. The loan is processed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/08\/081713_0324_PursesAsCol1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=9460"}],"version-history":[{"count":4,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9460\/revisions"}],"predecessor-version":[{"id":9489,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9460\/revisions\/9489"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/9459"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=9460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=9460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=9460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}