Hong Kong Women Using Designer Handbags as Loan Collateral
CNN's Anna Coren reports that some women in Hong Kong are using their designer handbags as collateral for personal loans. There are certainly some handbags that are worth enough to be used as collateral. A company in Hong Kong named Yes Lady Finance lets women borrow against their designer handbags. One lady took out a lown against her $39,000 Hermes handbag. Hopefully, these women will get their loans paid off. If not the handbag ends up at a second-hand store. Take a look:
