You may borrow as much as your personal jewelry
value will allow. We will guarantee a minimum of
50% of the "wholesale" value of jewelry.
HOW DO I GO ABOUT GETTING THIS LOAN?
Fill out the "Contact us" page and e-mail
it to us. We will authorize you to ship if we feel
the items for guarantee may be approved. Once we
receive the jewelry, we will determine its exact
loan value. A loan officer will contact you to discuss
the loan amount and answer all your questions. A
check will be sent to you only after your approval.
We specialize in Estates and special attention is
given to attorneys. Feel free to also contact us
by phone 212-869-3366.
HOW SHOULD I DELIVER MY JEWELRY?
You may deliver your jewelry in person or by insured
U.S. mail, FedEx or UPS. Depending on the jewelry,
we will approve loans ranging from $100 to $50,000.
Jewelry is to be sent in a sealed box, preferably
enclosed in a sealed envelope and then in a standard
size mailing box with "packing" to avoid
movement. Send your box "registered mail"
if by U.S. mail, FedEx or UPS "insured."
WHAT ELSE SHOULD I SEND WITH MY JEWELRY?
With the jewelry a copy of a photo ID provided by
any U.S. government agency is required, preferably
a Driver's License. The ID must provide us with
your name, address picture and signature. Other
documents may be approved. Call or e-mail us for
other types of documents that may be acceptable.
AM I GUARANTEED A LOAN IF I SHIP MY JEWELRY?
If after we have authorized you to ship to us and
the appraisal is not able to sustain the amount
asked, we will contact you to discuss the maximum
allowable loan. If you wish for us to proceed, a
check will be mailed to you the same day, otherwise,
your jewelry will be sent back to you ASAP insured.
Most loans get approval to the amount authorized.
IS MY JEWELRY SAFE?
Apple Collaterals has been Licensed and Bonded for
over two decades by the DCA of New York. Our Department
of Consumers Affairs number is 805977. We have never
experienced a loss! Your jewelry is protected in
the highest U.L. rated safes with state of the art
security and surveillance systems. If we were to
be unfortunately compromised, and a loss of your
valuables was to occur, our policy is to pay our
customers two times their loan value.
Your jewelry is returned to you after you have paid
back the money loaned plus the interest and care
charges. We always insure the return transport of
your jewelry for a maximum of double of the loan
value. When shipping to us you are responsible for
its safety. Please insure and ship registered mail
in a property secured box.
WHAT HAPPENES IF I GET A LOAN?
Loans will be issued by check or cash (only in person)
the same day that we receive your valuables. A check
with an itemized receipt is sent to you immediately.
The expiration date, interest rate, (regulated by
NY State at 3% per month) and other information
is posted as well. Your merchandise is sealed and
locked up in one of our highest, U.L. rated safes
with the state of the art security systems.
HOW DO I PAY BACK THE LOAN?
You will be notified when your loan is due (approximately
every four months). You do not need to pay back
the loan (the principal) if you wish to exercise
a renewal. By simply paying the interest you may
renew with our approval. There are no monthly payments
and you may retire the loan anytime prior to the
four months if you wish, without any penalty. When
you decide to exercise a termination, you simply
call us for the amount that is due. We will inform
you of the amount based on the 3% per month (or
any part of) plus a care charge (capped at 1% for
loans over $1,000). If we need to ship the valuables
back to you then a small additional charge will
be due for transport and insurance. The forms of
payment acceptable are by wire transfer, cash, certified
or a bank check. Money orders are only acceptable
for interest payments only, not principal.
