Frequently Asked Questions (FAQ's)
For questions, please call 480-991-LOAN (5626) or email info@biltmoreloan.com
Who is Biltmore Loan and Jewelry?
Biltmore Loan and Jewelry is Arizona’s premier upscale collateral lender. We purchase your valuables for maximum value or provide you with a loan using those items as collateral.
How can I get money?
Biltmore Loan and Jewelry provides loans using valuables as collateral. We also can purchase those valuables outright.
Why should I choose Biltmore Loan and Jewelry?
The founders of the company have over 30 years of experience in the diamond and jewelry trade as well as almost 20 years experience in the collateral lending business. Over the years, we have build successful businesses through a reputation based on honest, integrity and trust by fostering great relationships over the years with new customers and old clients.
What types of items do you accept for loan or purchase?
We accept ALL items as long as the item has value. We can lend on or purchase all types items with value such as: precious metals (gold, silver, platinum), diamonds, fancy and scrap jewelry, estate/antique jewelry, auto/boat/RV/motorcycle titles, artwork, antiques/collectibles, coins, high end electronics, sports memorabilia and more. If an item has value, we can buy it or provide a loan on it. Contact us to see how much you can get for your valuables.
How much can I borrow for a loan or sell my item for?
All items are appraised and evaluated separately by our experienced appraisers. Once a value is established, we will provide you with an offer at the maximum loan to value for a loan or a
How does the loan process work?
In order to process the loan, we have to inspect your valuables and establish a value for those items. You can either bring the item in for immediate inspection or call/email us for a quote over the phone. Once a value is determined, the funding process usually takes about 15 minutes. We will fill out basic paperwork, explain the loan terms, and after you sign a contract, we will find the money.
How long is the loan term?
The loan can be as long as you wish. You can take a loan for 1 month, 6 months or several years. Loan terms are all negotiable.
How much interest will be charged for the loan?
Loan rates are negotiable, depending on the size and duration of the loan. Please call for to get information on our loan rates. The interest for the loans is set by the Arizona Revised Statutes. Most collateral lenders and pawnshops charge the full state rate. In order to stay competitive, we believe that we need to provide more consumer friendly rates and charge less that our competitors.
What to I need to bring for the loan?
Please bring your items and a form of ID. We accept state ID, driver’s licenses, passports and military ID. We also accept international IDs including Mexican ID.
Will the loan be reported to the credit bureau?
We will not report your loan to any credit reporting agencies, even if you default on the loan. Because the loan is a collateral loan that is secured, this loan will not appear on your credit at all regardless whether or not it is repaid. If you are trying to improve your credit worthiness, we will be happy to provide a letter of credit recommendation at the end of your loan term provided all interest and principal is repaid.
What will happen to my valuables during the loan?
A collateral loan involves Biltmore Loan and Jewelry giving you cash while securing (holding on to) your valuables during the duration of the loan. During the loan process, you can feel confident that your items are safe, secure, and well protected. We treat our clients’ collateral as if it were our own personal property.
Do I lose ownership of my items when I bring them in?
No. You will continue to own your items during the duration of the loan, we will simply be holding on them as collateral. If you fail to repay your loan, your loan will default and ownership will revert to Biltmore Loan and Jewelry.
Where will by items be kept?
Your valuables will be stored in one of our heavy duty safes in our vault. All items on our property are insured by Lloyd’s of London.
Will my items be safe and untouched during the loan?
You can feel rest assured that your items will be safe, secure and untouched during the duration of the loan. Our location is highly secured, utilizing a complex security system of magnetic shut locks, advanced motion sensors, and a remote video surveillance system that is monitored 24 hours per day. Our premises are monitored via alarm every second of the day through the Advanced Protection Security alarm company. Smaller items will be placed into a tamper proof evidence bag which will be sealed and signed by you. Each bag has a tamper proof sealing system and unique serial number which will be provided to you and used when items are returned. When an item is placed into a bag, it stays there untouched until the duration of the loan is complete.
Will my loan be confidential?
At Biltmore Loan and Jewelry, we respect your privacy and are very serious about protecting the anonymity of our clients. All loans are private and are done in a quiet, discreet, upscale office building. All transactions are 100% confidential. No one will ever find out about your loan.
Please Contact Us To Set Up An Appointment Today!
Biltmore Loan and Jewelry is Scottsdale’s premier purchaser and collateral. Please email us at info@biltmoreloan.com or call 480-991-LOAN (5626) to get a free appraisal and quote on your valuables. Please call if you wish to set up an appointment to get a loan or sell your items today!