I have a $9,000 full-length mink coat, a $4,000 diamond watch, a gold coin bracelet that my mother gave to me. I will never ever wear them. She said I could do what I want with them....anyone have any advice on how to get the most return on items like these? Thanks.
2007-03-20 11:46:26 · 10 answers · asked by lisalisa 1 in Business & Finance ➔ Personal Finance
1) don't pawn. ebay is a good idea, but try craigslist.org first (it's free!).
2) selling your mom's stuff doesn't guarantee you that you'll get out of debt, and stay out of debt. research shows that the harder it is for you to get OUT of debt, the less likely you are to get back IN to debt. that's why people who use equity in their house to pay off their consumer debt get right BACK into debt a few years later. because it was too easy!
3) do NOT consolidate your debt into one loan. that is horrible for your credit, and will make it take LONGER to pay everything back. instead, write out all of your debt from smallest balance to largest balance. start on the smallest card/debt first. once it's paid, add the payment to the next debt in line, and keep going! by the time you get to the largest balance you will be able to pay it off quickly because of the new large payments. you MUST have a clear plan for the profits from the coat, watch, etc. otherwise, you'll be tempted to celebrate the sale!
4) no celebrations until all your debt is paid! and then, you have to do THAT celebration without spending money! :)
don't give up! you're on the right track!
2007-03-20 12:09:20 · answer #1 · answered by gertieok 3 · 0⤊ 0⤋
The first step of rebuilding your credit score is to repay any brilliant expenditures in collections. Things aren't going to get larger till you do, on the grounds that the ones will stay in your credit score record. Once you may have all of that sorted, get a card with a SMALL prohibit ($three hundred or so) and use it just for matters that you already know you'll repay instantly. Don't permit your self to bring a stability in your card - constantly pay it off instantly or you are going to fall again into your historical styles of letting your stability pass up. After a yr or so of this, your credit score will have to be at the long ago. Then, you could suppose approximately charging some thing like a pc on a cost plan and making your repayments swiftly. Things like this will likely quite support. Don't omit to maintain checking your credit score report back to be certain there are not any historical matters on there which can be nonetheless preserving you again.
2016-09-05 09:48:25 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Except for the gold coin bracelet and the diamond watch that you can pawn, the mink coat you will need to bring it to second hand shops and see if there's any takers. Do bear in mind that designs change with seasons thus it may not fetch very much.
2007-03-20 12:43:24 · answer #3 · answered by SGElite 7 · 0⤊ 0⤋
pawning is not the answer to getting out of debt thats just another hole. The items your mom gave you will never get a return of their value if sold so maybe you should keep and cherish them , as far as credit card debt the first thing you should do is get rid of them if you want something pay cash for it if you cant pay cash you dont need it. there are many lenders that can consolidate all your debts wich in turn gives you the convience of one payment and usually gets alot of intrests knocked off since thats what really gets the consumer. look for financial advisors or credit card debt consolidators they will show you how to become finacially responsiable again.good luck!
2007-03-20 11:55:29 · answer #4 · answered by lisa l 1 · 0⤊ 0⤋
You will get screwed if you take it to any pawn shop, I have never had any personal experience on ebay, but I'm sure someone would buy it for the original price, or maybe just under, off there. Or post it in the newspaper. More people probably look in the newspaper than on ebay, try both.
2007-03-20 11:50:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If the stuff isn't stolen make sure you bring proof of purchase because they'll only give you 20% of value if they think the stuff is stolen...
I would suggest not selling items of such value at a pawn shop though...
Try ebay or put them in the paper.
2007-03-20 11:51:02 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You never get 100% of an item's worth at a pawn shop. You might try eBay first, you will earn more money.
2007-03-20 11:49:40 · answer #7 · answered by Anonymous · 0⤊ 0⤋
You will not get much for the items if you pawn them.
You can have a yard sale, or sell the items on E-bay.
2007-03-20 11:50:50 · answer #8 · answered by newyorkgal71 7 · 0⤊ 0⤋
Ebay
2007-03-20 12:25:19 · answer #9 · answered by ashlandtree 3 · 0⤊ 0⤋
i'd try e-bay they are the best for things that u want to sell wither on your computer or take them to an e-bay store location in your area.
2007-03-20 11:50:28 · answer #10 · answered by Randy R 1 · 0⤊ 0⤋