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  • The Provident Loan Society of New York Still Offering 0% Interest Loans for New Customers

    The Provident Loan Society of New York Still Offering 0% Interest Loans for New Customers

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    Press Release
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    Apr 13, 2022


    NEW YORK, April 13, 2022 (Newswire.com)
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    The not-for-profit lending organization The Provident Loan Society of New York continues to promote a 0% interest lending offer to help consumers who are in need of quick cash as they get back on track after the pandemic.

    Under The Provident Loan Society’s no-interest loan offer, new clients can use their collateral such as gold, silver, or fine jewelry to borrow money for any unexpected expenses instead of borrowing against credit cards or personal loans from banks.

    The President of The Provident Loan Society, John Higney, says “This free interest program was designed to help consumers who may need quick cash for unexpected expenses that the pandemic brought along, including rent, credit card debt, and more.”

    “It’s harder for consumers to get out of debt when they keep borrowing money against their credit card or take personal loans from a bank. Consumers don’t realize a loan with The Provident Loan Society doesn’t impact their credit score and is more affordable than many credit card offers,” said Higney.

    How to Take Advantage of Free interest Loans with The Provident Loan Society

    There are several ways consumers can borrow money from The Provident Loan Society of New York.

    Consumers can go to one of their five locations in New York City and borrow against their collateral items in person. The jewelry or collateral items are appraised on-site and cash is given on the spot. This loan process typically takes about 20 minutes to complete in person.

    Out-of-state consumers can also borrow money from The Provident Loan Society by filling out its online form. Once PLS receives customers’ information, a member of their expert team will evaluate the items and contact them promptly to discuss their best options. Items that are eligible for loans include diamond jewelry, gold jewelry, gold coins (only for gold content), watches, and silverware.

    New Yorkers can learn how much a loan at The Provident Loan Society will cost before they even walk in the door. The Loan Calculator will give consumers an estimate of how much a loan will cost, including fees and interest rates.

    As the country’s only not-for-profit pawnshop, interest rates at The Provident Loan Society are comparable to credit cards, but typically half the cost of most commercial pawn shops. Provident Loan Society charges only 2.167% per month, while a traditional pawnbroker can charge 4% percent for the same loan.

    About Provident Loan Society of New York

    The Provident Loan Society of New York is a not-for-profit lending organization that offers quick collateral loans on gold and diamond jewelry, fine watches, and silverware. The Provident Loan Society has five locations in Manhattan, Queens, Brooklyn, and The Bronx. The process of taking a loan typically takes about 20 minutes to complete in person and cash is given to you on the spot.

    Press Contact:

    Julian Perdomo
    Email: jperdomo@providentloan.com

    Source: The Provident Loan Society of New York

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  • Provident Loan Society of New York Promotes New Lending Offer Just in Time for Peak Moving Season

    Provident Loan Society of New York Promotes New Lending Offer Just in Time for Peak Moving Season

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    Press Release
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    updated: May 8, 2019


    NEW YORK, May 8, 2019 (Newswire.com)
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    ​​​The not-for-profit lending organization, Provident Loan Society of New York, is promoting a new lending offer to help consumers who are in need of quick cash as they move during peak moving season.

    More than 40 million people move each year in the United States, and an estimated 80 percent of those moves occur between April and September. This period of time is referred to as peak moving season.

    Under Provident Loan Society’s moving offer, consumers can use their collateral such as gold, silver or fine jewelry to borrow money for moving expenses and deposits instead of borrowing against credit cards or personal loans from banks.

    The President of Provident Loan Society, John Higney, says this new moving program was designed to help consumers who may need quick cash for moving expenses, including deposits, credit fees, new furniture and more.

    “Spring is peak season for moving, impacting the credit and expenses of thousands of Americans every year,” said Higney. “It’s harder for consumers to get out of debt when they keep borrowing money against their credit card or take personal loans from a bank. Consumers don’t realize a loan with Provident Loan Society doesn’t impact their credit score. It’s more affordable than many credit card offers and doesn’t hurt your future credit score.”

    This isn’t the first time Provident Loan Society has promoted a unique offer.

    In January, the not-for-profit announced interest-free loans for federal government workers who were in need of quick cash due to the government shutdown. The not-for-profit board decided to offer interest-free loans for six months to help financially struggling government employees get back on their feet.

    In August, Provident Loan Society promoted a back-to-school lending offer that helped students across the U.S. who were in need of quick cash.

    How to Take Advantage of Back-To-School Loans with Provident Loan Society

    There are several ways consumers can borrow money from Provident Loan Society of New York.

    Consumers can go to one of their five locations in New York City and borrow against their collateral items in person. The jewelry or collateral items are appraised on site and cash is given on-the-spot. This loan process typically takes about 20 minutes to complete in-person.

    Out-of-state consumers can also borrow money from Provident Loan Society by mail if they are in the United States (currency and customs consideration preclude business outside of this area). Once the jewelry is received, an appraiser from Provident Loan Society will tell consumers how much they can borrow with the current item. Items that are eligible for loans include diamond jewelry, gold jewelry, gold coins (only for gold content), watches and silverware. Consumers can also apply online for a collateral loan using their gold or jewelry.

    New Yorkers can learn how much a loan at Provident Loan Society will cost before they even walk in the door. The Fast Cash Calculator will give consumers an estimate of how much a loan will cost, including fees and interest rates.

    As the country’s only not-for-profit pawnshop, interest rates at Provident Loan Society are comparable to credit cards, but typically half the cost of most commercial pawn shops. Provident Loan Society charges 13 percent for a six-month loan, while a traditional pawnbroker can charge 24 percent for the same loan.

    About Provident Loan Society of New York

    Provident Loan Society of New York is a not-for-profit lending organization that offers quick collateral loans of up to $100,000 on gold and diamond jewelry, fine watches and silverware. Provident Loan Society has five locations in Manhattan, Queens, Brooklyn and the Bronx. The process of taking a loan typically takes about 20 minutes to complete in-person and cash is given to you on the spot.

    Press Contact:

    Mark Macias
    ​Email: mmm@maciaspr.com
    ​Phone: 646-770-0541

    Source: Provident Loan Society

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  • Provident Loan Society of New York Opens Their Jewelry Auction to the Public

    Provident Loan Society of New York Opens Their Jewelry Auction to the Public

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    Press Release
    –


    updated: Mar 18, 2019


    NEW YORK, March 18, 2019 (Newswire.com)
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    ​The not-for-profit, Provident Loan Society of New York, has announced one of the largest public jewelry auctions, giving consumers a rare opportunity to buy gold Cartier jewelry, Rolex watches, Tiffany & Co. diamond bracelets and more.

    Unlike most auctions – where only licensed dealers or pre-approved bidders can attend – Tuesday’s auction is open to the public, giving consumers the rare opportunity to buy high-end jewelry, inspected by professional appraisers, at discounted prices – and in some cases, bidding starts 98 percent off the original retail price.

    Jewelry dealers and collectors typically don’t like to publicize this auction because it allows them to get these jewelry items at lower bids. But we’re encouraging all New Yorkers from all walks of life to make a bid – and go home with some new jewelry. Doyle will have more than 700 jewelry items up for auction – from Rolex to Cartier to diamond bracelets to silver and coins. If you can imagine it, the item is likely up for auction on Tuesday.

    Anthony LoRe, Chief Appraiser at Provident Loan Society of New York

    Consumers don’t even have to show up in person. They can bid on 700+ items from work, their computer or phone with a simple click of a button. To bid online, consumers should click here.

    “Jewelry dealers and collectors typically don’t like to publicize this auction because it allows them to get these jewelry items at lower bids. But we’re encouraging all New Yorkers from all walks of life to make a bid – and go home with some new jewelry,” said Anthony LoRe, Chief Appraiser at Provident Loan Society of New York. “Doyle will have more than 700 jewelry items up for auction – from Rolex to Cartier to diamond bracelets to silver and coins. If you can imagine it, the item is likely up for auction on Tuesday.”

    Among the items up for auction on Tuesday include a selection of diamond rings in a variety of carat weights, as well as gold jewelry, fine watches and pieces set with colored stones and pearls. Catalog highlights include:

    • Men’s Rolex Daytona Metal Watch, 17 Jewels
    • Women’s Rolex Gold and Metal Watch, 29 Jewels, 18K
    • Women’s Signed Cartier Gold Necklace, 18K 127 dwt.
    • Men’s Cartier Diamond Wrist Watch, 68 diamonds, 18 Jewels, 18K
    • Women’s Tiffany & Co. Diamond Bracelet, 38 Diamonds, 18K 37 dwt.

    All items up for auction are subject to change up until the auction takes place.

    Time and Date

    The auction will be held at Doyle New York, 175 East 87th Street, New York, NY 10128. It starts at 10:00 AM. Media interest should contact: Mark Macias – mmm@maciaspr.com – or by phone at 646-770-0541.

    Instant Cash for Collateral at Provident Loan Society – How It Works

    Lending organization Provident Loan Society offers instant cash loans in exchange for collateral, usually in the form of gold and diamond jewelry. As the only nonprofit lending organization in New York, Provident Loan is able to offer cash loans at interest fees that are typically half the cost of those at a traditional pawn shop.

    If people choose not to repay their loans, their collateral is sold at competitive public jewelry auctions. The amount realized at jewelry auction in excess of principal, interest due, fees and auction expenses is returned to the borrower. Provident Loan Society bears any loss incurred at sale.

    For more information on Provident Loan Society’s jewelry auctions, you can call the organization toll free at 1-800-757-7296 or visit one of their five offices in the different boroughs of New York City.

    About Provident Loan Society of New York

    Provident Loan Society of New York is a nonprofit lending organization that offers quick collateral loans of up to $100,000 on gold and diamond jewelry, fine watches and silverware. Provident Loan Society has branches in Manhattan, Queens, Brooklyn and the Bronx.

    Press Contact: Mark Macias

    Email: mmm@maciaspr.com

    Phone: 646-770-0541

    Source: Provident Loan Society

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