Farmer tries to pawn livestock
Online pawnbroker is meeting people trying to pawn the strangest things for quick cash.
Emma Pankhurst of Borro, the UK’s leading online pawnbroker, says a farmer recently tried to pawn his entire livestock in exchange for a quick cash loan.
Borro had to turn down the offer since it isn’t really cost effective to store live sheep and cows in their storage facilities, despite the relative luxury of those vaults.
Bizarre items people have successfully pawned include a set of gold teeth, a platinum belly piercing bar, and a rowing singlet worn by Olympic athletes.
The most commonly pawned items are Rolex and Breitling watches, perhaps because of the downturn in the City.
One such item was pawned by a premiership footballer in order to fund a wild night out.
One lady pawned her jewellery to buy herself a plane ticket to meet her father for the first time in 40 years.
Pankhurst says many customers use pawn loans to pay for plastic surgery, lawyers, or medical bills. Their services have come in especially handy amidst the economic downturn, which obviously gets dealt with in different ways.
Ten things to do if you lose your job
Unemployment is rising towards two million and the outlook is bleak. Here are 10 things to remember if you have lost your job:-
1. PLAN YOUR FINANCES - For advice on managing your debt, go to Money Facts website.
In the meantime, if you can’t get a bank loan, and you need fast cash, check out online pawnbroker, Borro.com. If you have appropriate collateral in the form of gold, jewellery, watches art or antiques you will always get a loan between £100 - £100,000 for 1 - 6 months at 4% - 6% interest per month.
2. DON’T PANIC - You are not alone. Stay positive and even though it probably doesn’t feel like it now, this could really be a blessing in disguise.
3. KNOW YOUR RIGHTS - Your employers have to follow stringent guidelines when making any redundancies. If you feel you need to take your case to an employment tribunal, fill in form IT1, which you can get from the DBERR by calling 0845 145 0004.
4. BE HONEST WITH PEOPLE - If you are in debt, your lenders may actually be able to help you, so long as you tell them as soon as you can. Energy providers also may have provisions in place to help customers in your position.
5. CUT OUT LUXURIES - Gym memberships, subscriptions to satellite television or any other regular payments soon add up and you will need this money to live on.
6. FIND NEW SOURCES OF INCOME - Remember, even part-time work will bring in much needed cash while you look around for that ideal job.
7. CLAIM WHAT YOU ARE DUE – the Department for Work and Pensions website http://www.dwp.gov.uk/ has full details of the benefits system.
8. REVAMP YOUR CV - Be concise and keep your CV to two pages and remember that you are selling yourself, so do not be bashful. For more advice on writing your CV, go to careersadvice.direct.gov.uk
9. UPGRADE YOUR SKILLS - Retraining or improving your skill set is always worth doing. Go to http://www.direct.gov.uk for a list of available courses.
10. SEE IT AS AN OPPORTUNITY - Start your own business, work abroad, go back to university or start again.
Pawnbrokers are good for you
The Daily Mirror reported: “Pawnbrokers are doing well in the recession as more and more people turn to them for short-term loans”. But that is actually good news for people who need emergency money.
With mainstream high street lenders shutting the door on many borrowers, pawnbrokers offer a service that means people are not at risk of getting into debt they cannot afford. On top of that, there is no chance of ending up with a visit from heavy-handed debt collectors.
Pawnbrokers are highly-regulated these days - specifically by the Consumer Credit Act 1974, which also governs banks - and more than 600 of them are affiliated with the National Pawnbrokers’ Association, which ensures that its members maintain certain standards”.
If you need some emergency money to tide you over, Borro.com, the world’s first online pawnbroker, offers £100 - £100,000 for 1 - 6 months (extendable by mutual agreement) at 4% - 6% interest per month.
Compare rates with the typical pay day loan company, which charges 25% per month upwards. Borro loans are totally affordable loans, and they are fast, too. Borro.com often transfers loans within 48 hours of application.
With Borro.com, everything is arranged online, at home, on your pc. So it’s discreet, convenient and secure. All goods are shipped by fully insured courier, and your loan is transferred directly into any UK bank account you wish to nominate.
If you are thinking of selling jewellery, or other valuables, why not get a pawn loan instead? You can get money for diamonds, art or antiques, cash for gold, or a loan against almost any type of personal valuables you can think of.
Phone our expert to arrange a valuation today, call us for free.
Thing you need to know before applying for a loan
Moneysupermarket recently published 10 things you need to know before applying for a loan - but one of the most important things you should know was omitted!
Check out their top ten first - and then see what they missed:
- You can only borrow up to £25,000 with an unsecured loan. Borro.com offers £100 - £100,000 – secured against personal valuables such as gold, jewellery, watches, art and antiques.
- A secured loan is held against your property. A loan from Borro.com will never result in repossession of your house.
- You may not be offered the rate you see advertised. Borro.com never charges more than the advertised rate.
- The best rates are available to those with the best credit scores. Even if you have a bad credit score, if you have appropriate collateral in the form of personal valuables, you will always get a loan from Borro.com - and even if you eventually decide not to pay off your Borro loan, it will not affect your credit score in any way.
- The longer the term, the more interest you’ll pay. Borro.com charges interest by the month - but you can pay off the loan anytime you like, with absolutely no hidden extras for early settlement.
- A credit card may be a better option for short term lending. Credit card loans have strict upper limits regarding the loan amount - and some credit card companies have been criticised for charging unfair penalties for late payment and defaults. With a loan from Borro.com, you know exactly what the maximum risk is, and your debt will never spiral out of control.
- It can cost you to pay back the loan early. This not happen with Borro.com.
- There may be other hidden fees. With a Borro loan, there are no administration or arrangement fees.
- Your repayments may be variable. Not with Borro.com. The interest rate is clearly stated on the contract, and cannot change. You will get no nasty surprises with Borro.
- You don’t have to buy PPI when you take out a loan. Borro.com does not sell Payment Protection Insurance, so you will not be pressurised to buy it at Borro.com.
- THE ELEVENTH THING YOU NEED TO KNOW - is that pawn loans are among the most reliable and readily available forms of short term finance at this time. Borro.com, the world’s first online pawnbroker, is UK government regulated, and all Borro contracts are approved by the Office of Fair Trading.
Compare Borro’s loan offers with the “best deals” quoted by moneysupermarket:
Moneysupermarket’s pick of unsecured loans are only available to existing Sainsbury’s and Nationwide customers - and they are only for amounts between £5,000 and £15,000.
Borro.com offers £100 - £100,000 for 1 - 6 months (extendable by mutual agreement) at 4% - 6% per month.
The Blackhorse Personal Finance Loan has the leading secured loan rate in the UK and can only be found at moneysupermarket. It offers a headline rate of 7.9%, but you will only qualify for one of those if you have lots of equity in your house, and it will put your house at risk.
Fast cash is easy cash at low rates with Borro.com. If you are seeking a personal loan in the form of a secured loan or collateral loan at low rates of interest, check out Borro.com today.
Online pawn shop, Borro.com, operates 24/7, so you can arrange everything from home, on your pc. It’s discreet, convenient, and compared to many other so-called short term loan providers, it’s cheap! Pay day loan companies and doorstep lenders typically charge 25% upwards per month!
For an affordable, no risk loan, get online to leading short term loan provider, Borro.com.
Need a small business loan?
You will be lucky to get one from a bank. They are more interested in taxpayer bale-outs enabling them to continue paying themselves large bonuses.
It used to be that pawnbrokers were the ones with the image problems. Not any more! If you were unlucky enough to have been sold a bank loan that you can’t afford (there were lots of those in the good old days), then you might know something about all the hidden extras that were not explained in detail when you signed up.
For example, admin & signup charges, early settlement fees, late payment charges and default penalties - if you couldn’t keep up the payments. All of these hidden extras + compound interest can lead to a much higher APR and interest rate than a pawn loan. Also, you might have found that your bank hiked your interest rates during the period of the loan.
Pawnbrokers don’t do that! These days, it is pawnbrokers who are seen as solid and reliable lenders rather than the high street banks. A pawnbroker will never saddle you with a debt that you can’t settle – one way or the other, and, even if you decide not to pay off a pawn loan, it will never result in adverse credit ratings, debt collectors, court actions, asset seizures or repossessions.
Borro.com offers £100 - £100,000 for 1 – 6 months (extendable by mutual agreement) at 4% - 6% interest per month. A typical pay day loan company charges 25% plus, and if you have ever defaulted on a bank loan, overdraft or credit card, you’ll know just how expensive - and open ended - that can be.
Borro.com, the world’s first online pawnbroker, is UK government regulated, and all Borro contracts are authorised by the Office of Fair Trading, so you can be sure of every possible legal protection.
With Borro.com, it’s all done online, at home, on your pc. There are no credit checks, intrusive questions or bureaucratic delays. If you have appropriate collateral, in the form of gold, jewellery, watches, art or antiques to pledge as security, you will always get a Borro loan, even if you have a bad credit rating.
Borro.com has transformed the business of getting a pawn loan into a discreet, convenient, and safe service. And it’s fast too! All goods are shipped, prepaid by fully insured courier, and all loans are transferred electronically, directly into any UK bank account you wish to nominate – frequently within 48 hours of application
Easy cash is fast cash at low rates with leading short term loan provider, and online pawn shop, Borro.com. If you need a personal loan in the form of a secured loan, Borro.com advances money for gold and loans against diamonds and other personal valuables.
For an affordable, low interest rate loan, or a cheap, no risk collateral loan, visit Borro.com today, or call us, free, on 0800 756 9877.
