Purse-o-matic

In Hong Kong, your fancy purse (Gucci, Chanel, Hermès, Louis Vuitton, and Prada only, please) can be collateral for a loan. This is also a trend in England. (“While traditional pawn shops are not somewhere you’d usually find middle-class women like Jessica, they’re emerging as their High Street lender of choice.”) I’m sure you can do it in New York, but I can’t find a link. Help? Women with designer handbags need some service journalism.

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