Pawning: Why not?

Sometimes we encounter situations that demand us to spend more than we’ve budgeted for. These may be due to emergencies or miscalculated business transactions. Whatever the reasons are, first, we must not be hard on ourselves for not being prepared enough to attend to these sudden needs.

While there are several creative options to come up with money, pawning an item is perhaps one of the easiest and fastest ways to generate cash. However there is still this stigma that pawning is an embarrassing way to generate money when times get rough. Here are some things to consider:

1. You have to tend to your needs and obligations

Yes, budgeting early on is necessary. But should you slip, just get back on track. For now, focus on attending to your responsibilities. Consider your timeline. When do you need the money? Pawning is fast and easy. For immediate needs, why not consider it? This way, you’ll save time and energy and you can shift your energies on other areas of your life as well.

2. Assess the risks and returns

Cebuana Lhuillier assures the highest appraisal and security for pawned items. If you wish to have your valuable possessions back, then selling it is definitely not an option. For every pawned item, Cebuana Lhuillier’s advance interest amounts Php4 for every Php100 loan amount. To maintain our standard of service, clients will be charged additional one percent (1%) of the principal loan, but not exceeding five pesos (Php5). No other hidden charges will be deducted from the loan.

3. Who cares what others think?

Filipinos get too conscious about what others might think about their activities. Don’t let yourself get caught up imagining others judging you. Know what you need to do. If you let others affect you all the time, otherwise, they will rule your life.

cebuana

So, you think you should pawn? Cebuana Lhuillier accepts gold, diamond, and platinum jewelry and watches, as well as selected non-jewelry items such as cellphones and laptop computers. Visit the Cebuana Lhuillier branch nearest you–we assure you that it will be a fast, easy and secure transaction. There’s nothing to be ashamed about that!

Image Source: http://www.schoolatoz.nsw.edu.au/homework-and-study/other-subjects-and-projects/business-and-economics/budgets

Padala Payout Panalo

Paano sumali?

  1. Promo duration: August 15 – November 14, 2016.
  2. Ang promo na ito ay bukas sa mga Cebuana Lhuillier clients na magcclaim ng Pera Padala mula Remitly USA at Canada.
  3. Isang (1) qualified Pera Padala Remitly pay-out = isang (1) e-raffle entry.
  4. Walong (8) masusuwerteng winners ang mananalo ng isang (1) motorcycle na may 1 year CTPL insurance each.
  5. Ang raffle draw ay magaganap sa P.J. Lhuillier, Inc. ICT Office 3/F The Networld Hub 156 Jupiter cor. Comet Sts., Bel-Air, Makati City 1209 ng 4:00PM sa November 25, 2016.

REMINDERS:

  1. Lahat ng raffle entries ay base sa transaction number na galing sa Remitly USA at Canda lamang.
  2. Maaaring magkaroon ng maraming entries base sa bilang ng qualified transactions.
  3. Isang beses lang pwede manalo ang winner sa draw.
  4. Lahat ng winners ay makakatanggap ng registered mail na naglalaman ng mga instructions na kailangan nilang sundin para ma-claim ang kanilang prize. Dapat nila itong i-present sa nearest Cebuana Lhuillier branch na i-aassign sa kanila kasama ang kanilang valid ID. Ang list of winners ay i-popost sa Cebuana Lhuillier branches at sa official Facebook page ng Cebuana Lhuillier (www.facebook.com/cebuanalhuillierpawnshop).
  5. Lahat ng mga clients ay kailangang i-update ang kanilang personal information (e.g., name, address, active mobile/telephone no., and birthday) sa Cebuana Lhuillier branch na kanilang pinag-tatransactan. Ang kanilang information na naka-record ay kikilalaning tama at magiging basehan sa pagpapadala ng kanilang notification letters.
  6. Ang hindi pag-receive ng mga winners ng kanilang notification letters dahil sa kanilang outdated personal information ay hindi pananagutan ng P.J. Lhuilier Inc.
  7. Lahat ng winners ay may animnapung (60) araw mula sa pagkatanggap ng notification letter para i-claim ang kanilang premyo. Lahat ng premyo na hindi na-claim ay mababaliwala pabor sa P.J. Lhuillier Inc. na may paunang pagsang-ayon ng DTI.
  8. Ang mga empleyado ng P.J. Lhuillier Inc. at mga Ad/Creatives Agency, PR and Media agencies pati ang mga kamag-anak nito hanggang second degree of consanguinity o affinity ay hindi maaaring sumali sa promo.

Sangla Papremyo

Good news Ka-Cebuana! Mag sangla lang sa Cebuana Lhuillier at may instant regalo ka na! Basahin ang sumusunod para sa promo mechanics:

1.  Promo duration: August 15 to October 15 2016
2.  Ang promo na ito ay bukas sa lahat ng bagong Cebuana Lhuillier pawning customer at existing customer na may new prenda transaction.
3.  No minimum acceptance amount required sa promo na ito.
4.  Pagkatapos ng successful new prenda transaction, magbibigay ng gift ang Cebuana Lhuillier branch personnel sa qualified customer.
5.  Same day redemption at pawning ay hindi kasali sa promo na ito.
6.  Palawan and Mindoro branches are not included in this promo.

Mataas na nga ang acceptance rate, may libre pang papremyo na naghihintay sayo!

Key Qualities of a Trusted Pawnshop

Pawning items is easily one of the ways by which one can come up with cash. Surely, if you’ve chosen to pawn an item instead of selling it, it could mean that you’re not willing to give it up for sentimental or practical reasons. When it comes to money and valuable items, all of us want secure, honest, and reliable transactions. Of course, you would want to have your pawned item intact when it’s time to get it back. And since you’re trying to get the best value, a reasonable and fair appraisal process is what you should be looking for as well. How, then, can you gauge if you can trust a pawnshop?

  • Is it registered?

See if the business is registered properly. Visit their branches and scan for their permits and certificates. In the Philippines, these documents are required to be displayed.

  • Do a quick online research

Go online and see if there’s anything you can read about these pawnshops. Are there any news article read about them? What do people say about their services? A quick search can do wonders.

  • What do customers say?

Do you know friends who have been to these pawnshops? What can they say about them? Ask about how their interest rates and appraisal process. Find out if these pawnshops actually keep your item safe and secure.

  • How long have they been in the business?

The scale of a business can mean that people have trusted them long enough to support them. While there are many new businesses you can definitely trust, those who have stayed long enough can give an assurance that they won’t just disappear with your valuable pawned item.

  • Check their affiliations

You won’t choose to partner with someone you can’t trust or have fruitful transactions with, right? Check the pawnshop’s affiliations. What other businesses have partnered with these pawnshops? What are their other organizational efforts?

  • Have they been awarded for their services?

Services that merit legitimate awards are always a good sign. What have they been recognized for? What are these award-giving bodies? These are things you may easily find online.

pawn-cebuana-lhuillier

Pawning is considered relatively less risky than selling because of the value you can get without having to completely give up your priced possessions. Cebuana Lhuillier understands this. Cebuana Lhuillier Pawnshop is one of the leading and largest non-bank financial services providers in the Philippines. As a service provider, we care about the needs of our clientele by providing easy, reliable, and honest services. What more can you ask for? Visit the branch nearest you. We’d be glad to help you out.

Image Source: http://www.swirlingovercoffee.com/cebuana-lhuillier-sets-the-bar-as-a-one-stop-shop-financial-institution/

Pawning 101: Terminologies you Must be Familiar with Before Deciding to Pawn

When there’s a need for immediate cash, pawnshops are easily one of the few things people consider going to. The returns are fast and the process is easy, and unlike selling, pawning gives you a chance to get your item back once you’ve paid your loan. Before deciding to pawn an item, there are a few things you should familiarize yourself with in order to ensure a safe and rewarding transaction:

Collateral

Pawnshops usually have a list of things that they can accept in exchange for a loan. This is what we call a “collateral” or an item of value that you pledge in order to secure a loan. These are, basically, the pawned items. Pawnshops or pawnbrokers may accept gadgets and jewelry that may prove to have significant value for monetary exchange. In Cebuana Lhuillier, we accept gold, diamond, and platinum jewelry and watches, as well as selected non-jewelry items such as cellphones and laptop computers.

Appraisal

When an item—or a collateral—is presented to a pawnshop, it has to be assessed for its worth—this is a process called “appraisal”. Some items become more valuable over time, while others diminish in value. The higher the value of your item, it follows that you’ll also get a higher loan.

Interest

The interest is the amount of money that you pay at a particular rate on a regular basis given you have been lent. This may also apply and vary for delaying the repayment of your debt.  Pawnshops vary in their interest rates.

Cebuana Lhuillier assures the highest appraisal and security for pawned items. Advance interest will be charged Php4 for every Php100 loan amount. To maintain the excellent standard of service offered by Cebuana Lhuillier, clients will be charged additional one percent (1%) of the principal loan, but not exceeding five pesos (Php5).

pawn-cebuana-lhuillier

Ready to pawn your items? Visit the Cebuana Lhuillier branch nearest you– We assure you that it will be a fast, easy and secure transaction.

Image Source: https://thenewsicle.com/2015/05/29/think-pieces-a-think-piece/

Asian insurance regulators visit Cebuana Lhuillier for immersion

Cebuana Lhuillier Insurance Solutions (CLIS) showcased its achievements to the Asian Insurance Commissioners who were delegates to the 1st  Mutual Exchange Forum on Inclusive Insurance (MEFIN) last July 11-13 at the New World Manila Bay Hotel. CLIS General Manager Jonathan Batangan was tapped as one of the resource speakers and delivered a presentation on the “Proportionality and Regulation in Microinsurance Delivery Channels” in the forum attended by the Insurance Regulators.

The MEFIN delegates  also conducted a branch visit last July 14 at CLh Jupiter, Makati City. Head of Pawnshop Operations Miko Jimenez, Integrated Marketing and Communications Group Head Michael Sena, Chief Information Officer Ergie Ong, and CLIS Vice President Leo Escaño welcomed the commissioners from Nepal, Mongolia, Pakistan, and Vietnam together with Insurance Commission Microinsurance Head Shayne Bulos and GIZ Executive Director Antonis Malagardis.

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Different Saving Techniques and What Works

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You have your financial goals. Maybe you want to put up a business of your own in three months or perhaps you’ve been dreaming about purchasing your own house. Whatever these goals are, you’ll be required to set-aside some money for you to be able to reach them. There are many creative and practical ways to save. Here are some of them:

  • Know how much you can afford

Be honest with yourself: are you earning enough to have the capacity to actually pay for your expenses? This awareness can help guide you in controlling your spending.

  • Pay in Cash

It’s easier to monitor your expenses when you pay in cash instead of using a credit card. While it hurts to use cash more than credit sometimes, this practice can help you have a better judgment on whether or not you should actually spend.

  • Opt for second-hand items if possible

Not everything has to be acquired brand new. Search online if you can actually find pre-owned items that you need. These things may not be new cheaper value, but it doesn’t always mean that their quality has been compromised.

  • Re-think big purchases

Opt to wait at least a day or two before making costly purchases. Sometimes we get too carried away by our excitement that we become irrational when deciding to spend on something. Take time to decide whether or not an item has to be purchased in order to avoid unnecessary spending.

  • Put your money in the bank

It’s surprising that many Filipinos don’t have money in the bank. Cebuana Lhuillier offers Regular Service Deposit Accounts, which is a regular passbook-based savings account that can be withdrawn from anytime. This type of account earns an interest of 1% per annum. You may also consider Special Savings Deposits, a term deposit savings account that offers premium rates with flexible maturity period. This kind of deposit comes with a passbook for ease of record-keeping and monitoring of account transactions.

Saving up doesn’t have to be complicated. Have a clear vision of what you want and what you wish to achieve. Be patient with yourself and the time it might take for you to achieve your goals—it’ll all be worth your while and will soon prove to be rewarding!

Mid-Year Checkpoint? Are you Financially on Track?

It’s the middle of the year already. You must have planned on your financial goals when the year began—but can you honestly say that you’re still on track? Are you moving away or closer from reaching your goals?
It’s a good time to sit down on these goals and check your financial situation. Here are some tips to get you started:

  • Check your budget

Did you craft a budget plan for the year? How good have you been in planning your expenses and savings? Are you meeting your targets for the year?

Reevaluate your budget plan and see if you need to adjust. Do you need to cut some of your expenses? Do you need to create more income?

  • Review your debts and loans

Did you borrow money from anyone? Or, have you been able to pay off your loans or credit card bills? Review these responsibilities and craft a plan on how to pay off all the money you owe if any.

  • Calculate your net worth

Your net worth is the total of your assets minus the total of your debts.  An asset is anything you own that has a monetary equivalent—this includes your money in the bank, the value of your car, and even your investments. On the other hand, your debts encompass everything you’ve borrowed. Do you have existing bank loans? Did you borrow money from someone? Calculate all these. Is your net worth negative or positive?

Whatever the results of your evaluation are, remember that there’s always room for improvement. If you find that you’re doing well, then why not explore how you can make your financial situation even better? Financial planning is all about having a clear vision and having the commitment to stick to your goals. Be creative about it. Good luck!

Finances for the Rainy Days: How to Always be Prepared

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Financial planning is the process of identifying one’s needs, expenses, and savings. Identifying one’s needs, and not merely wants, is personal financial planning’s foundation. This will determine the amount of money you should be earning, spending, and saving.

We can’t be 100% sure of what will happen to us in the future. Planning is necessary so you can be financially prepared for your future. Sometimes unexpected things happen such as sudden need for home repairs or perhaps hospitalization. When these things arise, ideally, you should be prepared enough for the expenses these emergencies might incur. Here are some tips on how to be always ready:

Prioritize

Know your priorities. What are things that you can’t live without? What are things that you value? Identify these and learn to prioritize things that you have to consistently pay for. List down all the things that you have to pay for every month. Consider what you have to spend on daily, weekly, and monthly. Take it a step further: what do you wish to have in the future? What are goals you have to spend on? Know your short-term and long-term goals. Let these guide you.

Budget

Now that you know what your priorities and goals are, learn how to budget. Calculate the total amount of money that you earn each month. Find out how much you spend monthly. Are you making enough money to pay for all these? Or are you always running on credit? Do you have anything left for your savings?

Evaluate and Plan

Assessing your priorities, goals, and budget, create a concrete plan. If you figured that you don’t even have enough money for all your bills or you’re left with less than 25% of your monthly income for your savings, consider ways to increase your income. Perhaps you can take on an extra job? Or, maybe you can launch a business? Get creative. Also, see how much you should be saving up monthly in order to reach your short-terms and long-term financial goals in time.

Aim higher

Consider your options to create more income. Given your financial standing, how can you help yourself remain on track or even speed up the process in reaching your goals? Know that you have a lot of financial options like Cebuana Lhuillier’s micro-loan services. Cebuana Lhuillier has a network of 1,800 outlets and online presence give customers unlimited access and convenience in applying for a loan like “Lucky Loans” and “Happy Loans”. Visit the branch nearest you to find out more about these services.

These are just basic tips on financial planning. If you want to learn more, see if you can find financial literacy seminars near you. Remember: knowing what you need and having concrete goals are necessary for you to achieve your dreams. Stay on track and be committed. Good luck on your financial journey!

CORPORATE AGENT PARTNERS

  • ACTION.ABLE, INC.
  • ALL ACCESS GATEWAY INC.
  • ANTRECCO (AGUSAN DEL NORTE TEACHERS, RETIREES, EMPLOYEES & COMMUNITY COOPERATIVE)
  • ACM VIP
  • ALL CASH
  • AGRILIFE/ AGRIVET
  • ASENSO PINOY STORE, INC. (EASY DAY SHOP)
  • AVICOM ENTERPRISES
  • AYALA ALABANG VILLAGE ASSOCIATION
  • BAUG CARP MULTI PURPOSE COOPERATIVE
  • BAGUIO BENGUET COOP
  • CARD BANK INC
  • CARD MRI RIZAL BANK INC
  • CARD SME BANK
  • CARITAS BANCO NG MASA, INC.
  • CEBU PEOPLE’S MULTIPURPOSE COOPERATIVE
  • CIS BAYAD CENTER, INC
  • COOPERATIVE BANK OF BOHOL, INC
  • COUNTRY BUILDERS BANK
  • CREDENCE FINANCING, INC.
  • CURAMED PHARMACY
  • DALTON PAWNSHOP AND JEWELRY INC.
  • DANIELA PAWNSHOP
  • DIRECT AGENT 5 (DA 5)
  • DEVELOPMENT BANK OF THE PHILS.
  • EXPRESSPAY INC.
  • EVRIJEM FOREIGN EXCHANGE AND MONEY REMITTANCE
  • FILHAI MULTI PURPOSE COOPERATIVE
  • GLOBAL PINOY REMITTANCE AND SERVICES (GPRS)
  • GEMARY PAWNSHOP AND JEWELRY (CORP.)

OVER 600 BILLER PARTNERS NATIONWIDE

  • 123 FINANCE CORPORATION
  • 123 LENDING CORPORATION
  • 2C2P
  • 8AMC (VIA ECPAY)
  • ABEJO WATERS CORP.
  • ABRA
  • ACOM CONSUMER FINANCE CORPORATION
  • ACTIVE REALTY & DEVELOPMENT CORP.
  • ADA MANUFACTURING CORPORATION (VIA ECPAY)
  • AEON CREDIT SERVICE
  • AETERNITAS CHAPELS AND COLUMBARIUM (VIA ECPAY)
  • AFC SME FINANCE INC
  • AFTERWEST MICROLOANS INC
  • AGODA – DRAGONPAY
  • AGRIBANK
  • AGRO-INDUSTRIAL FOUNDATION COLLEGE OF THE PHILS.
  • AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC.
  • AIR YOU GO TRAVELS PHILIPPINES CO.
  • AKLAN ELECTRIC COOPERATIVE, INC.
  • ALAMINOS CITY WATER DISTRICT (VIA ECPAY)
  • ALLIANZ PNB LIFE INSURANCE INC.
  • ALPHA FUND SAVINGS & CREDIT COOPERATIVE (VIA ECPAY)
  • AMADEO WATER DISTRICT (VIA ECPAY)
  • AMYA POLYTECHNIC COLLEGE, INC. AND FINANCING CORPORATION (LENDPINOY)
  • ANGAT WATER DISTRICT (VIA ECPAY)
  • ANGELES ELECTRIC COMPANY ANGELICUM SCHOOL , INC. ILOILO CITY (VIA ECPAY)
  • ANJELMAN REAL ESTATE LEASING
  • ANTIQUE ELECTRIC COOP, INC ANTRECCO (BILLS PAYMENT)

OVER 600 BILLER PARTNERS NATIONWIDE

  • 123 FINANCE CORPORATION
  • 123 LENDING CORPORATION
  • 2C2P
  • 8AMC (VIA ECPAY)
  • ABEJO WATERS CORP.
  • ABRA
  • ACOM CONSUMER FINANCE CORPORATION
  • ACTIVE REALTY & DEVELOPMENT CORP.
  • ADA MANUFACTURING CORPORATION (VIA ECPAY)
  • CREDIT SERVICE
  • AETERNITAS CHAPELS AND COLUMBARIUM (via ECPAY)
  • AFC SME FINANCE INC
  • AFTERWEST MICROLOANS INC
  • AGODA – DRAGONPAY
  • AGRIBANK
  • AGRO-INDUSTRIAL FOUNDATION COLLEGE OF THE PHILS.
  • AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC.
  • AIR YOU GO TRAVELS PHILIPPINES CO.
  • AKLAN ELECTRIC COOPERATIVE, INC.
  • ALAMINOS CITY WATER DISTRICT (via ECPAY)
  • CREDENCE FINANCING, INC.
  • CURAMED PHARMACY
  • DALTON PAWNSHOP AND JEWELRY INC.
  • DANIELA PAWNSHOP
  • DIRECT AGENT 5 (DA 5)
  • DEVELOPMENT BANK OF THE PHILS.
  • EXPRESSPAY INC.
  • EVRIJEM FOREIGN EXCHANGE AND MONEY REMITTANCE
  • FILHAI MULTI PURPOSE COOPERATIVE
  • GLOBAL PINOY REMITTANCE AND SERVICES (GPRS)
  • GEMARY PAWNSHOP AND JEWELRY (CORP.)

List of Accepted Government/ Valid IDs

  • Passport
  • Driver’s License
  • Professional Regulation Commission (PRC) ID
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Postal ID
  • Voter’s ID
  • Philippine Identification System (PhilSys) ID
  • Government Service Insurance System (GSIS) e-Card
  • Social Security System (SSS) ID
  • Senior Citizen’s ID
  • Overseas Workers Welfare Administration (OWWA) ID
  • OFW ID
  • Seaman’s Book
  • Alien Certification of Registration (ACR)
  • Barangay Certificate or ID (with picture and signature)
  • Birth Certificate (applicable to minors only)
  • Firearm License
  • Immigrant Certificate of Registration
  • Marriage License
  • National Council for the Welfare of Disabled Persons
  • New TIN ID
  • OWWA ID
  • Student ID
  • Alien Certification of Registration (ACR) / Immigrant Certificate of Registration
  • Government Office or Government Owned and Controlled Corporations (GOCC) ID (e.g. AFP ID, HDMF (Pag-ibig Fund) ID, etc.
  • Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  • Department of Social Welfare and Development (DSWD) Certification
  • Integrated Bar of the Philippines ID (IBP)
  • Company IDs issued by private entities or institutions registered with or supervised or regulated either by the BSP (Bangko Sentral ng Pilipinas), SEC (Securities and Exchange Commission) or IC (Insurance Commission)

IDs Accepted

As required by Bangko Sentral ng Pilipinas (BSP), clients who engage in a financial transaction with covered institutions for the first time shall be required to present the original and submit a clear copy of at least ONE (1) valid photo-bearing identification document issued by an official authority. For our clients’ convenience, Cebuana no longer requires submission of the photocopied ID. IDs are captured using a webcam in all branches. Clients are also required to submit an updated photo and other relevant information whenever the need for it arises.

Forms of identification accepted are the following;

Pawn Accepted IDs
1. Passport
2. Driver’s License
3. Professional Regulation Commission (PRC) ID
4. National Bureau of Investigation (NBI) Clearance
5. Police Clearance
6. Postal ID
7. Voter’s ID
8. Philippine Identification (PhilID) card
9. Social Security System (SSS) Card / Unified Multi-Purpose ID (UMID)
10. Barangay Certification
11. Government Service Insurance System (GSIS) e-Card
12. Senior Citizen Card
13. Overseas Workers Welfare Administration (OWWA) ID
14. OFW ID
15. Seaman’s Book
16. Alien Certification of Registration/Immigrant Certificate of Registration (for foreigners)
17. Government Office and GOCC ID, e.g., Armed Forces of the Philippines (AFP ID)
18. Home Development Mutual Fund (HDMF ID)
19. Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
20. Department of Social Welfare and Development (DSWD) Certification
21. Integrated Bar of the Philippines (IBP) ID
22. Company IDs issued by private entities or institutions registered with or supervised or regulated either by the Bangko Sentral ng Pilipinas, Securities and Exchange Commission or Insurance Commission
23. ID issued by the National Council on Disability Affairs (NCDA)