borro.com feature in an article in XL Magazine
Business XL, 24 December 2008
Read the full article at Bussiness XL
Hock your wares
Desperate times call for desperate measures and that's causing a resurgence in pawnbroking. Paul Aitken has set up borro.com, which allows people to get a quick fix against goods. He says owner-managers, consultants and city financiers are queuing up to put their goods into hock.
'They see it as a short-term solution to a payment issue while in the process of restructuring their finance,' claims Aitken.
Among the items brought in so far are Ferraris, Bentleys, a yacht, jewellery, and fine art (including a sketch by Picasso). Aitken notes that people should probably use a bank overdraft or credit card if they can, 'but for people who can't, there are real alternatives'.
