How the credit crunch is destroying our finances
Savings interest rates have crashed – and the interest can no longer be relied upon to provide an income. An alarming 47 per cent of savers have now admitted to using some of their savings , from 90 to 100 per cent of cash savings to 10 per cent of savings used up since the credit crunch began.
56 per cent of people in the survey said they wouldn’t save with a foreign company at all following the colapse of Icesave the Icelandic bank last year. Perhaps not surprisingly 20 per cent of people now think that saving cash in their house, under their beds or in a safe is actually better than using a bank!
If you need to borrow:
Despite government promises, the banks still aren’t lending. In contrast to the useless banks of the credit crunch, pawnbrokers are amongst the most reliable and readily available forms of lending. Pawnbrokers used to have an unfashionable image. Not any more.
Online pawnbrokers, Borro.com, offer £100 - £100,000 for 1-6 months, and often transfer loans within 48 hours of application. Borro.com is regulated by the UK government, and all Borro contracts are approved by the Office of Fair Trading, so you can be sure of every possible legal protection.
At 4% - 6% interest, Borro loans are very affordable, compared with, for example, the typical pay day loan company, who charge 25% upwards. Borro.com will never subject you to intrusive questioning or bureaucratic delays. And a Borro loan is a no risk loan. No credit checks, no debt collectors, no court actions, no bailiffs, no asset seizures, no repossessions – ever!
The worst that can happen is that your pledge is sold to pay off the loan, and any cash left over is sent straight back to you. Fast cash is easy cash with borro.com. If you need a secured loan, or personal loan at low rates of interest, you will always get a low interest rate loan from Borro if you have appropriate collateral to pledge. Online pawn shop, Borro.com, is the leading short term loan provider for cheap, collateral loans.
Get online to Borro.com. You can arrange everything, from home, on your pc.
Borrowing slows down in credit crunch
Borrowing slows down in credit crunch
Bankers logic says that borrowers will default on personal loans first, car loans second and housing loans last of all. For this reason, personal loans are seen as highest risk, and therefore carry the highest interest rates.
As personal loan interest rates have rocketed in the credit crunch, so the number of loans taken out has plunged. But pawnbrokers, who used to be considered very unfashionable, are seeing their business ramp up sharply.
Because pawnbrokers are asset lenders, the risk profile is totally different to a personal loan from a bank. Online asset lender, Borro.com, advances £100 - £100,000 for 1 - 6 months, often within 48 hours of application.
Borro.com is UK government regulated, and all Borro contracts are approved by the Office of Fair Trading, so borrowers enjoy every possible legal protection.
Everything is arranged online, at home, from your pc. You can never get into an open-ended debt spiral with a pawnbroker. The worst that happens is that your pledge is sold to repay your loan, and any cash left is sent straight back to you.
A Borro loan never involves intrusive questions, bureaucratic delays, credit checks, debt collectors, court actions, bailiffs, asset seizures or repossessions - ever!
It doesn’t matter if you are a high net-worth individual with a short term cashflow problem, or whether you have a bad credit rating. If you have appropriate collateral in the form of gold, jewellery, watches, art or antiques, you will always get a collateral loan from Borro.com.
For the most competitive secured loan at low rates, check out online pawn shop, Borro.com. Fast cash is easy cash at Borro. An affordable, low interest rate loan is always available in the form of a collateral loan from leading short term loan provider, Borro.com.
Borro.com is the world’s first online pawn broker. Everything is arranged at home, on your pc. It’s discreet, it’s convenient, it’s fast, it’s easy and it’s cheap at Borro.com.
Pawnshops image shines in credit crunch
Pawnshops’ image shines in credit crunch
Pawnbrokers used to be deeply unfashionable. Not any more! Increasing numbers of borrowers, totally fed up with the management-speak evasions of credit-crunched banks, are finding pawnbrokers to be one of the most reliable and immediate sources of personal finance around.
Even high net-worth individuals are finding credit difficult these days. So, whether you are a wag with a short-term cashflow requirement, or a newly redundant worker who can’t get a bank loan, if you have appropriate collateral in the form of gold, jewellery, watches, art or antiques, you will always find that easy cash is fast cash at relatively low rates of interest from a pawnbroker.
Typical of the new breed of asset backed lender is Borro.com, the world’s first online pawnbroker and collateral lender. Collateral loans from £100 - £100,000 for 1 – 6 months are available at 4% - 6% interest per month. Compare these low rates with the 25% per month charged by the typical UK pay day loan company – who, in any case, only lend small amounts for very short periods.
Apart from the affordable rates, the other aspect of pawn loans that appeals to today’s borrowers is the no-risk status. Even if you decide not to pay off your secured loan from the pawnbroker, the worst that can happen is that your pledge is sold to pay off your loan, and any cash left over is sent straight back to you.
With Borro.com, you never get any intrusive questions, credit checks, debt collectors, court actions, bailiffs, asset seizures or repossessions - ever! Online pawnbroker, Borro.com, is regulated by the UK government, and all Borro’s contracts are approved by the Office of Fair Trading, ensuring that borrowers get every possible legal protection.
With Borro.com, everything is arranged online, at home, from your pc. It’s convenient, discreet - and fast! Borro often transfers personal loans within 48 hours of application.
For a cheap loan with the minimum of hassle, get online to online pawn shop and short term loan provider, Borro.com.
Bad Credit Car Loans
Bad Credit Car Loans
Need a new car? There’s a lot of publicity for vehicle trade in plans at the moment, but if you have a bad credit rating, you may still have a problem raising a deposit or getting a loan.
Much internet advice on bad credit loans is focused on the high interest rates you will suffer while you are “repairing” your credit rating, and while shopping around for the best interest rate is often recommended, this advice often misses out the best possible deal that is always readily available for those with bad credit ratings - that is, a pawn loan.
If you have appropriate collateral in the form of gold, jewellery, watches, art or antiques, you will always get a secured loan from a pawnbroker, regardless of your bad credit rating. For example, online pawn broker, Borro.com, advances £100- £100,000 for 1 – 6 months, and at 4% - 6% interest per month (according to type and value of pledge), the cost of these personal loans is very affordable. Just compare those rates with the 25% plus charged by the typical pay day loan company!
Doorstep lenders, and other so-called short term loan providers operating in the bad credit loan market are frequently not much better – and sometimes a lot worse – if you consider the fallout that can be caused by defaulting on even a so-called unsecured loan. The spiralling costs of late interest payments can easily get out of control, often ending in asset seizures and repossessions.
With a pawn loan, you don’t get any of that. With a pawn loan, you know exactly where you stand. You only pay interest on a pawn loan for the actual time you use the loan, and you can pay off the loan whenever you choose - with absolutely no hidden extras or penalty payments for early settlement.
All UK pawnbrokers are government regulated and all pawn contracts are approved by the Office of Fair Trading, ensuring you enjoy every possible legal protection. You will never be asked intrusive questions or suffer interminable bureaucratic delays with a pawnbroker. Some online pawnbrokers, such as Borro.com, will issue bad credit loans within 48 hours of application, and you can do it all from home, on your pc, in a totally discreet and convenient manner.
Even if you decide not to pay off your pawn loan, the worst that can happen is that your pledge will be sold to pay off the loan, and any cash left over will be returned to you straight away. When you deal with a pawnbroker, your credit rating will not suffer, there will be no debt collectors, no court actions, no bailiffs, no asset seizures, no repossessions - ever! You are totally in control.
For fast cash, for easy cash, regardless of a bad credit rating, get a no risk car loan online today, at Borro.com!
With a Pawn Loan You Know Where You Stand!
Research from price comparison service, uSwitch.com, has found that while payday loans may offer quick and easy cash, they are one of the most expensive forms of loans in the UK, with some APRs of up to 9889.3%. (This is about a hundred times more expensive than a pawn loan).
According to uSwitch.com, a consumer taking out a payday loan of £750 could end up owing £1,687.50 if they defer repayments for five months. (This sort of uncontrollable debt spiral can’t happen with a pawnbroker. All UK pawnbrokers are government regulated, and their contracts are clear, easy to understand and approved by the Office of Fair Trading).
Online financial analyst, financemarkets.co.uk, advises that, “Payday loans are best reserved as a product of last resort, since loan interest rates offered may not be competitive by comparison to high street rates”.
However, this advice ignores the fact that people are forced to consider pay day loans because high street banks won’t lend them anything. So, what are their alternatives?
Pawnbrokers used to be unfashionable, but these days, many consider them to be the coolest things around. They are one of the most reliable and readily available forms of finance - even for those who suffer from a bad credit rating.
With a pawn loan, you know from the outset that you are in control. You only pay interest during the time you use your loan, and if you want to pay it off early, you will not be hit by early settlement charges or loss-of-interest penalties.
No credit checking is involved, and even if you decide not to pay off your loan, the worst that can happen is that your pledge is sold to pay off your collateral loan, and any money left over is returned to you immediately. So, a pawn loan is a no risk loan – no credit checks, no debt collectors, no court actions, no bailiffs, no asset seizures, no repossessions - ever!
Borro.com, the world’s first online pawnbroker, offers secured loans from £100 - £100,000 for 1 – 6 months at 4% - 6% interest per month. You arrange everything from home, on your pc. Fast cash is easy cash from leading short term loan provider, Borro.com, so for an affordable personal loan at low rates, check out online pawn shop, Borro.com.
