Can designer clothing & shoes be used as collateral for a loan?

[Anonymous]

I already know bags can be.

[MORPHEUS_12]

Not unless you have a rare Birkin bag. Generally, clothing doesn't hold it's value. The depreciation for clothing and accessories is really high. Now if you had a 22K solid gold ladies date just Rolex then you might get some interests.

[Agape93]

To what, a loan shark or something? A bank won’t take that.

[FlatsRunner]

It’ll seem odd that you have designer stuff but need a loan.

[Quackthulu]

No, but they could be used as a reason to not give you the loan as they prove that you are financial inept.

[In_Trance]

Lmao... no. no bags can't be either