Las Vegas: Pawn Stars
Pawn Stars:
We here at Borro were interested to note the popularity of Pawn Stars, which sheds a brilliant light on the world of Pawn. Borro’s aim is to revolutionise pawnbroking for a 21st Century audience, by making it accessible, convenient and discreet. Sweeping away any vestiges of the once seedy image of pawnbroking, Borro.com is a modern fully-regulated financial services business based in offices in Chancery Lane, London, and in Oxford. These aims are what we have in common the History Channel’s show Pawn Stars.
Las Vegas Pawn shops have been given a new face thanks to the American History Channel’s Pawn stars - now showing in the UK. Today more than 50 pawn shops operate in Las Vegas. Here’s a bit about the show and the in and outs of Las Vegas Pawn.
Pawn Stars is an American show set in Las Vegas, aired on the history channel, based on the Harrisons owned shop, Gold & Silver Pawn. This has been the highest-rated show ever for History Channel in the US. After they took part in Pawn Stars the Harrison’s trade has increased 25 fold.
Pawn in the fifties:
In an interview with Las Vegas weekly the Harrisons told all about themselves and the history of Las Vegas Pawn. Despite being one of the most respected brokers in Las Vegas, Gold & Silver was not exactly an overnight success. It took a long time to get a Pawn-broking license, “The good-ol’ boys, back in the ’50s, figured we’ve got our pawn shops, we don’t want any competition,” Harrison says, “so they passed a law saying that they would issue one more pawn license when there’s 250,000 people in the city of Las Vegas.”
Vital for everyone involved in the TV project was to depict both the Harrisons and the pawn business honestly. Some production companies had sought to reveal the dark side of pawning, hoping (perhaps) to capture a pipe-wielding Big Hoss putting a Casino-style beat-down .
“They asked for the ‘seedy’ side of the business, and we said, ‘What are you talking about?’” Rick Harrison recalls, chuckling. “Back-alley beatings? It doesn’t happen. That is not this world.”
As the Harrison says: “Pawn shops have always been a gray area of business… But you have to understand that 17-20 percent of people in the United States don’t have an active checking account or any bank affiliation, and this is a place where they can get a loan without that bank affiliation. … We’ve educated the public a lot about what a pawn shop is. We’ve pulled it into middle America from the gray areas.”
In fact during the recession the number of middle and upper class customers has dramatically increased across the US and pawn broking has been given far better name. Many working in the US Pawn industry believe Pawnbrokers have been vilified by Hollywood and it is worth remembering that Pawn brokers were the number one form on consumer credit until the 1950s.
It’s also good to know that, contrary to popular misconceptions about pawnbroking, 90% of Borro.com’s customers redeem their pledges at the end of the contract.
Why Pawnbrokers Are Back In Fashion
Why Pawnbrokers Are Back In Fashion
The Guardian recently reported that, “The rise of the eBay trading culture, and credit crunch fallout, is fuelling a dramatic surge in pawn-shop finance.
“As households become more comfortable with selling all manner of goods online, so those spanning all income bands - but struggling during the recession - are increasingly turning to pawn shops to secure short-term loans”.
But what has brought about this change of attitude? First of all, pawnbrokers are regulated as never before, which means that borrowers are protected as never before. Secondly, the advent of on-line pawnbrokers means that the process is more discreet, more convenient and also faster than ever before!
Borro.com, the world’s first online pawnbroker, has consistently reported increasing business over the past year. Borro’s Head of Valuation, Samantha Lilley said, “Our customers constantly tell us that we are one of the most reliable and readily available sources of personal finance around. In these days of the credit crunch, when most financial institutions are drastically reducing the amount of credit available, we know from our frontline feedback that increasing numbers of new customers from all social backgrounds say that dealing with Borro.com is an unexpected and pleasant surprise”.
Borro.com offers loans from £100 - £100,000 for 1 - 6 months, secured against personal assets such as gold, jewellery, watches, art, antiques and all other types of personal valuables.
Everything is arranged online, at home, via your pc, and all goods are transferred by fully insured couriers. With Borro.com, easy cash is fast cash at low rates of interest. Borro’s affordable 4% - 6% rates compare very favourably with the 25% upwards charged by the typical pay day loan company. Other so-called short term loan providers and doorstep lenders are not much better - and many are a lot worse!
If you need a cheap, no risk, secured loan, personal loan or collateral loan, look no further than online pawn shop, Borro.com. If you want cash for gold, cash for silver or cash for diamonds, then there’s no need to sell jewellery, sell watches or sell art or antiques to get the cash you need. Use your assets to secure a Borro loan, and then later, when you’ve paid off your loan, get your assets back.
If you have a bad credit rating, or you need a debt consolidation loan, you will always get money for valuables at Borro.com.
Collateral Lending – Today’s Most Flexible Bridging Finance
Having trouble getting a bridging loan to complete your house move? Or do you need a cash loan to supplement the cash deposit for your new house? Borro.com has the solution. Unlike today’s credit-crunched banks with their intrusive questions, and interminable bureaucracy, anyone can get an immediate collateral loan from Borro.com, regardless of credit rating or financial status.
Bridging loans in the form of collateral loans from £100 - £100,000 for 1 – 6 months are always available from Borro.com. You can get fast cash for gold, watches, art, antiques, sporting or entertainment memorabilia or jewellery by pledging your personal assets in exchange for a UK short term loan from Borro.com.
Bridging loans from Borro.com are totally confidential, convenient and fast! Everything is done from your pc in the privacy and comfort of your home. Borro.com arranges fully insured couriers to pick up your pledge, and transfers your bridging loan electronically, directly into your UK bank account.
Bridging loans from Borro.com are very flexible. UK pay day loan companies typically only advance small amounts for very short periods of time, and charge anything from 25% interest per month upwards. Borro.com only charges 4% - 6%!
Many so-called short term UK loan providers are anything but! They will only lend high amounts for periods in multiples of years, and there are often stiff penalties for early settlement. You can pay off your UK personal loan from Borro.com anytime you like, paying interest only during the period you actually use the loan – with absolutely no penalties for early settlement.
A bridging loan from Borro.com is a no risk loan. No credit checks, no debt collectors, no threatening letters, no court appearances, no bailiffs, no repossessions – ever! Even if you decide not to extend or pay off your bridging loan after six months, the worst that can happen is that your pledge is sold to pay off the loan, interest and expenses and any cash balance left over is returned to you immediately.
So, for today’s most flexible bridging loan, get online to leading UK online pawn broker, Borro.com. All UK pawnbrokers are government licenced, and all pawn contracts are government regulated – ensuring you, the lender, every possible protection.
Try online pawn shop, Borro.com for a pledge loan, cheap short term loans, loans against jewellery, easy loan services and quick decision loans of all kinds.
Quick Cash Loans
Quick cash loans are very difficult to get during this credit crunch. Try asking your bank for a credit loan quick, and you will find that their ideas regarding quick loans for people with bad credit are not very quick at all. In fact, you probably cannot get a quick loan from a UK bank if you have a poor credit score.
Quick payday loans and other instant cash lenders may advertise quick cash loans, and, while you may eventually get a small cash loan from these sources, their instant loans require credit checking procedures. So, if you have a bad credit rating, your chances of getting a quick loan from these type of lenders may also be non-existent.
So, where can you really get a quick loan – even if you have a bad credit rating?
The answer is simple – you can get a quick loan from Borro, the UK’s leading online pawnbroker. Borro is the only online pawnbroker that offers guaranteed loans quickly and discreetly. If you have an item worth more than 200, you can use it to secure a quick cash loan of £100 and up to £1,000,000. We pay immediate cash, secured against valuables you pledge as security for the cash loan.
No credit check quick secured loans
Cash is available immediately, even if you have poor credit. We never check credit and we never report people who default on loans to credit agencies. Your credit is safe with us.
Cheaper interest rates than payday loan and cheque cashing companies
Our quick loans are much less expensive than unauthorised bank overdrafts, quick payday loans, cheque cashing companies and other types of quick cash lenders in the UK. Quick loans from pawnbrokers are also much more flexible regarding loan periods. Loans from Borro typically range from £100 - £100,000 for periods between 1 – 6 months.
You can even get quick loans from pawnbrokers online within 48 hours, which is much more convenient and discreet than getting a loan from your high street pawn shop.
Quick loans in London, loans in Manchester, Birmingham, Edinburgh, Glasgow, Leeds, Liverpool and across the UK!
Types of Secured Short Term Loans
You may be thinking of a short term loan, but how short is “short”? Most secured short term loans are second mortgages, secured against property you own, but the term “short” as used by a bank or building society may turn out to be periods of years - often as much as five years or longer. If the length of the term doesn’t put you off, then the early settlement terms of a secured short term loan might. Frequently, this type of so-called short term loan involve heavy fees, expenses and other penalties if you decide later that you want to pay off the short term loan early.
Real short term loans – from pawnbrokers
£100 to £100,000 for periods between 1 and 6 months.
If your idea of a short term loan is for periods between one and six months, and you are looking for a short term loan between £100 and £100,000, then a pawnbroker loan may be just what you are looking for.
A secured short term pawn loan - a safe option
With no risk of damaging your credit rating, or resulting in repossession of your property.
A pawn loan is a secured short term loan. But instead of the short term loan being secured on your property, as in the case of a secured short term loan from a bank or building society, a pawn loan is secured against personal assets such as jewellery, antiques, art or other personal valuables. In order to get a secured short term loan from the pawnbroker, you lodge your personal assets with the pawnbroker during the period of the loan. Because the pawnbroker has temporary possession of your valuables, much risk is removed, and therefore the pawnbroker does not need to ask for credit checks, or to assess your credit-worthiness in any way before advancing you a secured short term loan.
You should not take on a secured short term loan from a pawnbroker unless you are confident that you can repay the loan within the regulated six month period. However, if you should be unfortunate enough to find that you can’t repay the secured short term loan, all that happens is that the pawnbroker will sell your pledge to recover the cost of the loan, interest and expenses, and will return the balance, if any, to you. Failure to repay a pawn loan never results in damage to your credit rating, county court judgments, and visits from debt collectors, bailiffs or repossession agents.
No credit motorcycle loans
If you need a no credit motorcycle loan, the easiest way might be from a pawnbroker
No credit motorcycle loans are easy to get from a pawnbroker if you have valuables such as jewellery, watches, antiques, art or memorabilia to pledge as security. Getting a motorcycle loan online when you have no credit is nearly impossible these days, however, getting a motorcycle loan is faster, easier and cheaper from a pawnbroker than from a bank, payday loan or cheque cashing company, and there is zero risk of repossession, debt-collectors or bailiffs should things go wrong.
A no credit motorcycle loan from a pawnbroker is one of the easiest motorcycle loans to get.
Try logging on to Borro.com, the world’s first online pawnbroker, and apply for motor cycle loans or motor cycle finance. It couldn’t be easier to get motor cycle loans with bad credit at Borro.com. Just apply for motorcycle loans online, describe your pledge and get your low interest motorcycle loans by return.
Collateral loans like this are discreet and convenient, especially online.
An easy motorcycle loan happens when you pledge your valuables online, and your collateral loan is wired directly into your bank account. Motorcycle loans with bad credit are also easy when you apply for motorcycle loans online. New or used motorcycle loans are equally available, new or used motorcycle loans are equally easy and new or used motorcycle loans are equally cheap.
Just try motorcycle loans online from Borro.com
A no credit motorcycle loan is less risky from a pawnbroker than from a bank, a no credit motorcycle loan is faster from a pawnbroker than from a bank and a no credit motorcycle loan is more discreet from a pawnbroker than from a bank. Try searching on “loan for motorcycle” online. Results for “loan for motorcycle” on line might produce some interesting results, but the best “loan for motorcycle” result will take you to Borro.com
Easy Loan UK pawn loan among easiest loans to get online
One of the easiest forms of loan finance is a simple loan from an online pawnbroker. But why do pawn brokers continue to be sources of easy-to-get loans, when banks are not? Because loans from pawnbrokers are underwritten by pledges of personal assets from borrowers seeking loans that are hassle free, accessible, clear, and easy to manage.
Managing a loan is easy with an online pawnbroker
The processes of negotiating a loan is simplified, quick, and more sensible than other types of loans provided by other UK lenders. Borrowers fill in an easy loan application form which takes only minutes to complete and while waiting for an answer, borrowers can relax in the comfort of home because it’s all done from a PC. Even the process of repaying the loan is painless. The entire process is managed online from start to finish using an easy to navigate, user-friendly interface.
An online pawnbroker loan is more discreet than a high street pawnbroker
We’ve already explained how easy it is to get a loan from an online pawnbroker but how do online pawnbrokers compare to high street pawnbrokers? First of all, online pawnbrokers like us lend more money because of our advanced valuation system. We lend up to 40% of an item second-hand value. That’s much more than any high street pawnbroker. Our loan rates are also the lowest in the pawnbroking industry so a loan is not only easy to get, it’s also cheaper.
Easy to get loans from Borro.com are smarter than a bank loan, building society loan or a doorstep loan. These types of lenders cannot provide such easy loans as Borro.com, because of the time and effort they spend in credit checking those looking for immediate cash loans. As a result, borrowers looking for easy loans get anything but a fast, discreet and credit check free service from these lenders.
Apply now for easy loans online from Borro.com.
Get a cash loan for the New Year!
Start off the New Year with a cash loan and resolve unwanted debt.
Borro.com offers UK residents low cost loans online. Unlike a payday loan or other cash advance lenders in the UK, Borro loans will not affect your credit rating. It is the only no credit check cash loan provided by an online pawnbroker in the UK. This is because Borro cash loans are secured by your valuables. So if you are looking for quick cash loan for the New year or if you need for an instant cash loan to pay off credit card bills, Borro.com is a real world solution to any type of debt consolidation. If you have bad credit or zero credit rating, the only online loan that offers a fast cash advance at low cost with no credit risk is available only at Borro.com
Get a cash loan in the UK with a low APR
An APR measures how expensive a loan is, and Borro’s APRs for cash loans in the UK are much lower than payday cash advance loans. Low interest rates are not the only factor to consider. Borro’s UK cash loans can be paid off anytime between 1 and 6 months, but the best part is, you only pay for the actual length of the cash loan.
To get a cash loan from Borro.com, you temporarily lodge valuables you own in order to secure an instant cash loan. By pledging valuables, our risk as lenders is reduced, and as a result, we can offer the lowest interest rates in the pawnbroking industry.
Better valuation equals more cash in your pocket
The amount of the cash loan you can get is much higher than typical high street pawnbrokers. We offer a top-notch valuation process which means we can lend up to 40% of an items second hand value. Borrow from £100 and up to £100,000 in cash for 6 months or less.
Pawnbroker - First time user advice
A pawnbroker offers a quick, easy and relatively cost effective way of getting a loan – particularly in comparison with payday loans and bank overdrafts.
Pawnbroker loans: How to get a good deal from a pawnbroker
To get a fair pawnbroker loan, a borrower must give the pawnbroker something of real value to loan against. Pawnbrokers pay cash for jewellery, gold, diamonds and other high-end or luxury items, so you may want to gather up as much scrap gold and jewellery before taking in the telly. The pawnbroker will hold the pledged item(s) until the pawn loan, plus the accrued interest, is paid off.
Did you know?
Local pawnbrokers in London operate pretty much the same way as pawnbrokers in Leeds and pawnbrokers in Liverpool follow the same rules as pawnbrokers in Nottingham. In fact, pawnbrokers in the UK and worldwide follow the same tried and true pawnbroking system which dates back thousands of years.
Redeeming pawned items from a local pawnbroker
When a customer enters a pawnshop, he/she is essentially applying for a loan. But unlike a bank loan application process, the pawnbroker won’t waste a customers time with questions. Instead the pawnbroker will have a good look at the item(s), particularly jewellery, gemstones and expensive watches. If the pawnbroker specializes in musical instruments, he may twang the guitar a bit or have a go at the sax before giving the pawn shop customer a final offer. If the pawn shop customer accepts the loan offer, he/she will have to sign a binding short term loan agreement (most loan agreements are for six months or less). The pawnbroker will issue the customer a copy of the short term loan agreement along with a pawn loan receipt. This pawn loan receipt should be kept in a safe place since it will be necessary to present the receipt to retrieve the pawned item(s) back from the pawnbroker.
Paying off the pawnbroker
Typical pawnbroker agreements are for an average of six months and you are required to pay back the pawn loan before the agreement expires. A pawnbroker may agree to a longer period but the general rule of thumb in the pawnbroking industry is for six months. If you are using a high street pawnbroker, and you lose your pawnbroking receipt, the pawnbroker may lawfully refuse to return the pawned item. For items of £25 or more, you must present a written statement sworn by a local authority, such as justice of the peace or a notary public which states that you are indeed the owner of the items.
Defaulting on a pawnbroker loan
If you cannot pay your pawnbroking loan by the deadline, and you borrowed £75 or less, the pawnbroker will keep your pawned item(s). If your pawn loan was more than £75, the pawnbroker can sell the pawned item to recover the pawn loan amount you owe. Legally, the pawned item is yours until it is sold and you can still get it back by paying what you owe including the interest that has built up.
If you cannot pay off the pawnbroker, and you do not immediately need the item to be sold, the pawnbroker may agree to renew your pawn loan. You will usually be asked to pay the interest that has built up on the short term pawn loan when you renew. If your pledge sells for more than you owe, the pawnbroker is legally obliged to pay over the surplus.
Pawnbrokers online
A pawnbroker like Borro.com will save you the hassle of going to a local pawnbroker or a high street pawnshop plus your pawn loan receipt is stored electronically, making it virtually impossible to lose it. There are many benefits to using a pawnbroker online, like Borro.com such as lower interest rates, discreet service from the comfort of your home, and a better valuation process (which means more money for your items).
Pawnbroker Business loans
Getting a business loan from a pawnbroker is easier than getting a business loan from a bank. Pawnbrokers business loans are on the rise and reports indicate that many small business owners now turn to their local pawnbroker to raise small amounts of capital or to help cover a business operating cost. Business owners, especially small business owners and entrepreneurs, would rather save themselves the hassle of applying for a bank loan. Pawnbroker business loans are always available, even if the business owner has a poor credit rating.
Most business owners will agree that a business loan from a pawnbroker is faster than from a bank or building society. A pawnbroker will typically lend money straight away without delay.
If you have something of value to pledge in exchange for a business loan from a pawnbroker, you will be able to negotiate an immediate short term loan.
Private pawnbroker loans VS. Small Business Government loans
A private loan from a pawnbroker is better than a small business government loan. A small business government loan requires 25% security, usually secured on your house. A business loan from a pawnbroker will never involve using your house as collateral, and possession and ownership of your house will never be at risk, whether you take a private or a business loan from a pawnbroker. The one london loan scheme caters for small business loans around the £2,000 mark, whereas on-line pawnbrokers like Borro.com will lend anything between £100 to £100,000,000 and if you are a new customer for a private or business loan, you may find some interesting introductory offers.
A small business loan from a bank may also be possible, but you will have to present a detailed business plan, which will take a lot of time, whether you have a bad credit rating or not. In contrast, it is possible to negotiate a private or business loan from an online pawnbroker like Borro.com within 48 hours. And you can negotiate your private or business loan online, discreetly and quickly, from your PC in the comfort of your own home.
Whether you are looking for a government small business loan, a onelondon business loan, a yes loan, a bank business loan or a personal business loan, why not try for a business loan from a pawnbroker?
