Banks!!! Is there any alternative?
Banks!!! Is there any alternative?
The short answer is a resounding Yes! There are alternatives if you want to save, and also if you want to borrow.
Alternative Saving
Credit unions have enjoyed greater popularity over the last year or so as consumers disappointed by the banks’ failure to manage their interests have sought alternative homes for their cash. Credit unions are financial co-operatives that are owned and controlled by their members, making them closer in structure to mutually owned building societies than traditional high street banks.
Credit unions also have a “common bond” that determines who can be a member. This may, for example, state that all members must live or work within a certain area, work for the same employer, or belong to the same association, such as a local church or trade union. Anyone keen to join a credit union must therefore find one that is either in the local area, or linked to his or her life in some other way.
Alternative Borrowing
Pawnbrokers used to have an unfashionable image. Not any more. In contrast to the useless banks of the credit crunch, pawnbrokers are amongst the most reliable and readily available forms of lending.
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.
